Torrid Holdings Sees FY24 Net Sales Between $1.135B-$1.145B Vs $1.15B Estimate; Forecasts Adjusted EBITDA Between $110M-$116M
Portfolio Pulse from Nabaparna Bhattacharya
Torrid Holdings has provided its financial outlook for fiscal year 2024, projecting net sales between $1.135 billion and $1.145 billion, slightly below the $1.15 billion estimate. The company also forecasts adjusted EBITDA between $110 million and $116 million. Torrid plans to invest $20 million to $25 million in capital expenditures, focusing on infrastructure, technology, and new store openings.
September 04, 2024 | 11:11 am
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Torrid Holdings' FY24 guidance shows net sales slightly below estimates, with adjusted EBITDA also projected. The company plans significant capital expenditures for growth.
The projected net sales are slightly below the market estimate, which could lead to a negative short-term impact on the stock price. However, the company's investment in infrastructure and new stores indicates a focus on long-term growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100