These Analysts Cut Their Forecasts On Torrid Holdings Following Q3 Loss

Group 1 - Torrid Holdings Inc. reported a net loss of $6.4 million, or 6 cents per share, for Q3, compared to a net loss of $1.2 million, or 1 cent per share, in the same quarter last year [1] - Net sales decreased by 10.8% to $235.2 million from $263.8 million, with comparable sales declining by 8.3% [1] - CEO Lisa Harper stated that the third-quarter results fell short of expectations due to execution missteps that were largely controllable [2] Group 2 - For the full fiscal year, Torrid Holdings expects net sales between $995 million and $1.002 billion, and adjusted EBITDA of $59 million to $62 million [2] - Following the earnings announcement, Torrid Holdings shares dropped by 12.8% to trade at $1.1413 [2] - Analysts have adjusted their price targets for Torrid Holdings, with Telsey Advisory Group lowering it from $3 to $2, while B of A Securities cut it from $6 to $2 [4]