Torrid's Q3: Sales Drop, Guidance Lowered

Torrid Holdings Q3 earnings miss Wall Streets revenue expectations, with sales dropping by 10.8% to $235.2 million and a loss of $0.06 per share. The company also lowered its full-year revenue guidance and saw a significant drop in adjusted EBITDA and operating margin. Torrid has been closing stores and experiencing a decline in same-store sales, leading to a 9.4% stock drop. Investors await the companys plan to address these challenges.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.