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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