Stitch Fix reports Q1 revenue of $581M vs $571M est. and cuts its revenue outlook for the fiscal year, citing ongoing supply chain pressures; stock drops 20%+ (Lauren Thomas/CNBC)

Lauren Thomas / CNBC:
Stitch Fix reports Q1 revenue of $581M vs $571M est. and cuts its revenue outlook for the fiscal year, citing ongoing supply chain pressures; stock drops 20%+  —  – Stitch Fix reported a narrower-than-expected fiscal first-quarter loss and beat analysts’ sales expectations.