- Torrid Holdings Inc (NYSE:CURV) has cut its fourth-quarter sales outlook to $300 million – $305 million (previous view $325 million – $335 million), below the consensus of $331.49 million.
- The company sees Q4 adjusted EBITDA of $23 million – $25 million (prior view $35 million – $40 million).
- Torrid expects FY21 revenue of $1.265 billion – $1.270 billion (previously $1.29 billion – $1.30 billion), below the consensus of $1.3 billion.
- The company sees FY21 adjusted EBITDA of $240 million – $242 million (prior $252 million – $257 million).
- “We had a strong start to our fourth quarter, however, the spread of the omicron variant negatively impacted performance largely due to labor challenges at both our distribution center and a portion of our stores,” said CEO Liz Muñoz.
- Price Action: CURV shares are trading lower by 18.8% at $8.69 on Monday’s last check.
What’s Going On With Qorvo Stock After Hours Today
Shares of Qorvo (NASDAQ: QRVO) were tanking following the release of its Q3 earnings report showing an EPS beat, and forward guidance for Q4.
