Torrid Sees Q1 Net Sales $277M-$282M vs $296.44M Est., Sees FY24 Net Sales $1.135B-$1.155B vs $1.14B Est.
Portfolio Pulse from Benzinga Newsdesk
Torrid Holdings Inc. forecasts Q1 net sales to be between $277M-$282M, falling short of the estimated $296.44M. For FY24, the company expects net sales to range from $1.135B to $1.155B, closely aligning with the $1.14B estimate.
March 28, 2024 | 8:10 pm
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NEGATIVE IMPACT
Torrid Holdings Inc. (CURV) anticipates Q1 net sales below expectations at $277M-$282M and FY24 sales in line with estimates at $1.135B-$1.155B.
The lower than expected Q1 sales forecast for Torrid Holdings Inc. (CURV) is likely to negatively impact investor sentiment and the stock price in the short term. However, the FY24 sales forecast being in line with expectations may provide some balance, indicating that the company's longer-term outlook remains stable. The immediate reaction to the Q1 miss may be negative, but the overall impact could be moderated by the FY24 outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100