Torrid Hldgs Inc Stock Price, News & Analysis

Torrid Holdings (NYSE: CURV) has announced a secondary offering of 10 million shares of common stock by certain selling stockholders. The underwriters will have a 30-day option to purchase an additional 1.5 million shares. Concurrent with the offering, Torrid will repurchase $20.0 million worth of shares from Sycamore Partners at the same price paid by underwriters.

The company will not receive any proceeds from the stockholders' sale. The share repurchase was approved by Torrid's board and will be held as treasury stock. While the offering is not contingent on the repurchase, the repurchase depends on the offering's completion. BofA Securities, Jefferies, and William Blair are serving as joint lead book-running managers.

Torrid Holdings (NYSE: CURV), a women's apparel retailer for sizes 10-30, reported Q1 2025 results with net sales of $266.0M, down 4.9% YoY, and net income of $5.9M ($0.06/share). Comparable sales decreased 3.5%, while Adjusted EBITDA was $27.1M (10.2% of sales). The company announced plans to close up to 180 underperforming stores as part of its digital transformation strategy, with online sales approaching 70% of total demand. Their sub-brand strategy is exceeding expectations, with plans for new launches including Lovesick and Studio Luxe, targeting nearly one-third of business by 2026. For FY2025, Torrid expects net sales between $1.030B-$1.055B and Adjusted EBITDA of $95M-$105M, while managing a $20M tariff impact and temporary pause in China-sourced shoe category.

Torrid Holdings (NYSE: CURV), a direct-to-consumer brand specializing in apparel, intimates, and accessories for women sizes 10 to 30 in North America, has scheduled its first quarter fiscal 2025 earnings release for Thursday, June 5, 2025, after market close.

The company will host a conference call at 4:30 p.m. Eastern Time on the same day to discuss the financial results. Interested participants can join via phone or webcast. A replay will be available until June 12, 2025, through both phone and the company's investor website.

Torrid Holdings (NYSE: CURV) reported Q4 and fiscal 2024 results, showing mixed performance. Q4 net sales decreased 6.1% to $275.6 million, with a narrowed net loss of $3.0 million compared to $4.1 million last year. Comparable sales declined 0.8%, while gross profit margin decreased to 33.6%.

For full fiscal 2024, net sales decreased 4.2% to $1,103.7 million, though net income improved to $16.3 million ($0.16 per share) from $11.6 million. The company ended the year with $48.5 million in cash and total liquidity of $158.0 million.

Looking ahead, Torrid projects Q1 fiscal 2025 net sales between $264-274 million and full-year fiscal 2025 net sales of $1.080-1.100 billion. The company closed 35 stores and opened 14 new locations in 2024, ending with 634 total stores.

Torrid Holdings (NYSE: CURV), a direct-to-consumer brand specializing in apparel, intimates, and accessories for women sizes 10 to 30 in North America, has scheduled its fourth quarter and fiscal 2024 financial results announcement. The company will release its financial results after market close on Thursday, March 20, 2025.

Management will host a conference call at 4:30 p.m. Eastern Time on the same day. Investors can participate by dialing (877) 407-9208 (domestic) or (201) 493-6784 (international). A webcast will be available at investors.torrid.com. A replay of the call will be accessible until March 27, 2025, via phone using conference ID 13751527 or through the company's investor website.

Torrid Holdings (NYSE: CURV), a direct-to-consumer brand specializing in apparel, intimates, and accessories for women sizes 10 to 30 in North America, has announced its participation in the 27th Annual ICR Conference at Grande Lakes Orlando, Florida. The company's leadership team, including CEO Lisa Harper, CFO Paula Dempsey, and Chief Strategy and Planning Officer Ashlee Wheeler, will conduct one-on-one meetings with investors on Tuesday, January 14, 2025.

Torrid Holdings (NYSE: CURV) reported Q3 fiscal 2024 results with net sales of $263.8 million, down 4.2% year-over-year, and a net loss of $1.2 million. The company saw gross margin expansion of 285 basis points to 36.1%, driven by reduced product costs and increased regular-priced sales. Comparable sales decreased 6.5%.

The company ended the quarter with $44 million in cash and clean inventory levels, down 19% compared to last year. For Q4 2024, Torrid expects net sales between $255-270 million and Adjusted EBITDA between $9-15 million. Full-year 2024 guidance projects net sales of $1.083-1.098 billion and Adjusted EBITDA of $101-107 million.

Torrid Holdings (NYSE: CURV), a direct-to-consumer brand specializing in apparel, intimates, and accessories for women sizes 10 to 30 in North America, has scheduled its third quarter fiscal 2024 financial results release for Tuesday, December 3, 2024, after market close. The company will host a conference call at 4:30 p.m. Eastern Time to discuss the results. Investors can participate via phone or webcast, with replay options available until December 10, 2024.

Torrid Holdings Inc. (NYSE: CURV) has announced the pricing of a secondary public offering of 8,000,000 shares of common stock at $4.00 per share. The offering, expected to close around September 13, 2024, is being conducted by certain selling stockholders. Underwriters have a 30-day option to purchase an additional 1,200,000 shares. Torrid will not receive any proceeds from the sale. BofA Securities, Goldman Sachs & Co. , Jefferies, and William Blair are acting as joint lead book-running managers, with Telsey Advisory Group as co-manager. The offering is made through a prospectus supplement and accompanying prospectus, available on the SEC website.