Torrid lowers Q4 net sales forecast to $300-305M from $325-335M; adjusted EBITDA to $23-25M from $35-40M

Torrid Holdings Inc.

Q4 net sales expected $300M-$305M (prior $325M-$335M).
Q4 adjusted EBITDA expected $23M-$25M (prior $35M-$40M).
FY2021 net sales $1.265B-$1.270B (prior $1.29B-$1.30B); adjusted EBITDA $240M-$242M (prior $252M-$257M).
CEO says omicron variant caused labor challenges at distribution center and stores, impacting January Torrid cash event.
Company remains confident in business model; management presenting at ICR Conference on Jan 11.

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