Torrid Holdings Posts Q3 Loss, Comparable Sales Decline 6.5% Y/Y

Torrid Holdings Inc. (CURV) posted third-quarter fiscal 2024 results, wherein both the top and bottom lines fell short of the Zacks Consensus Estimate. While the top line declined year over year, the bottom line improved.The quarterly performance was impacted by the company's fall assortments, which lacked sufficient newness and novelty. Moreover, the market environment shifted significantly from the end of September into October. The soft performance prompted management to revise its guidance.Torrid Holdin ...