Torrid Holdings Inc. Faces Market Setback Following Q3 Miss and Lowered Guidance
Torrid Holdings Inc. (NYSE: CURV) experienced a sharp decline in its stock price during premarket trading on Wednesday after reporting underwhelming third-quarter results and issuing disappointing fourth-quarter guidance. Q3 Financial Highlights: Net Sales: $263.8 million, a 4.2% year-over-year decline, missing the consensus estimate of $285.8 million. Comparable Sales: Dropped by 6.5% during the quarter. Gross…