Shares of direct-to-consumer apparel and intimates brand Torrid Holdings Inc. (CURV) are falling more than 17% in the morning trade on Monday after the company reduced its fourth-quarter sales outlook citing labor issues following the spread of the Covid-19 Omicron variant.
The company currently expects sales to be in the range of $300 million to $305 million in the fourth quarter, compared with its prior guidance range of $325 million to $335 million. On average 7 analysts polled by Tomson Reuters expect the company to report revenue of $331.49 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.