Torrid Holdings Sees Q3 Net Sales Between $280M-$285M Vs. 290.63M Estimate; Projects Adjusted EBITDA Of $23M-$26M
Portfolio Pulse from Nabaparna Bhattacharya
Torrid Holdings has revised its Q3 fiscal 2024 guidance, projecting net sales between $280M-$285M, below the $290.63M estimate, and adjusted EBITDA between $23M-$26M.
September 04, 2024 | 11:08 am
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Torrid Holdings (CURV) has lowered its Q3 fiscal 2024 net sales guidance to $280M-$285M, below the $290.63M estimate, and expects adjusted EBITDA of $23M-$26M.
The revised guidance indicates lower than expected sales, which is likely to negatively impact investor sentiment and the stock price in the short term.
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