Torrid, page-9

Distribution centre labor disruption may be relevant for ccx but retail issues are not naturally in the US given pure online play for ccx.


”Liz Muñoz, Chief Executive Officer of Torrid, stated, “We had a strong start to our fourth quarter, however, the spread of the omicron variant negatively impacted performance largely due to labor challenges at both our distribution center and a portion of our stores. While we are not a business heavily dependent on holiday sales, our Torrid cash event in January saw a negative impact from these factors. As a result, we are revising our net sales and adjusted EBITDA to below our initial guidance.”