Torrid Holdings Sees Q3 Revenue $242M-$251M Vs $262.13M Est.; FY24 Revenue $1.08B-$1.115B Vs $1.14B Est.
Portfolio Pulse from Happy Mohamed
Torrid Holdings has provided its Q3 and FY24 revenue outlook, expecting Q3 net sales between $242M-$251M and FY24 net sales between $1.08B-$1.115B. This is lower than the estimated $262.13M for Q3 and $1.14B for FY24. The company also anticipates higher labor costs and macroeconomic challenges in the industry in fiscal 2023.
September 06, 2023 | 8:24 pm
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NEGATIVE IMPACT
Torrid Holdings, listed as CURV, has projected lower revenues for Q3 and FY24 than previously estimated. The company also expects higher labor costs and industry challenges in fiscal 2023.
The company's projected lower revenues for Q3 and FY24 than the estimates could negatively impact the stock price in the short term. Additionally, the anticipation of higher labor costs and industry challenges in fiscal 2023 could further pressure the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100