Benzinga | Dec 9, 2021 09:39PM EST

Torrid Holdings Sees Q4 2021 Net Sales $325M-$335M Vs $339.06M Est; Sees FY21 Net Sales $1.29B-$1.3B Vs $1.31B Est

Outlook

George Wehlitz, Chief Financial Officer, stated, "We are very pleased with our third quarter performance, further demonstrating the underlying strength in our brand and operating model. We continue to execute our proven growth strategies, driving new customer acquisition and sales per active customer. While consumer demand remains strong, we expect global supply chain challenges to persist into the fourth quarter. We are taking actions to mitigate the impact on our business, while maintaining our commitment to serve our customer. We are also pleased to announce our Board of Directors authorized a $100 million share repurchase program, further demonstrating our Board's confidence in our long-term growth strategies and our commitment to enhancing shareholder value."

For the fourth quarter of fiscal 2021 the Company expects:

* Net sales of between $325 million and $335 million.

* Adjusted EBITDA2 of between $35 million and $40 million.

For the full year fiscal 2021 the Company expects:

* Net sales between $1.29 billion to $1.30 billion.

* Adjusted EBITDA2 of between $252 million and $257 million.

* Capital Expenditures of approximately $23 million reflecting approximately 23 new stores for the year.