STITCH FIX SHARES CRATER AS RETAILER CUTS FORECAST, DESPITE TOPPING EARNINGS ESTIMATES

Stitch Fix reported a narrower-than-expected fiscal first-quarter loss and beat analysts' sales expectations. Sales were driven by more users for its Freestyle direct-buy option. But the company cut its revenue outlook for the fiscal year, saying that it faces ongoing supply chain pressures and is in a transition period as it brings on new users. © Provided by CNBC The Stitch Fix logo on...

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