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Torrid Holdings Inc. (Symbol: CURV) is a prominent retail destination in North America, specializing in fashion apparel, accessories, swimwear, and lingerie specifically crafted for young, stylish women in sizes 12 to 28. The company is renowned for its dedication to fit and quality, offering a broad array of products that include tops, bottoms, denim, dresses, intimates, activewear, footwear, and accessories.
Founded with a clear mission to empower women and celebrate their individual style, Torrid has rapidly grown to become the fastest-growing plus-size brand in fashion. The company operates over 280 stores across the United States and continues to expand, creating more opportunities for its over 3,000 associates. These dedicated, creative, and passionate individuals are committed to delivering exceptional customer service and creating fashion inspired by and tailored to their customers' needs.
Torrid's direct-to-consumer business model leverages an extensive e-commerce platform alongside physical stores to reach its target demographic of women aged 27 to 42 years old. This strategy not only broadens its market reach but also enhances customer convenience and engagement.
The company's recent achievements include expanding its product lines and enhancing its online shopping experience, leading to increased customer satisfaction and loyalty. Torrid is also focused on sustainable growth and consistently looks for new ways to innovate and improve its offerings.
Part of Torrid's appeal lies in its unique ability to change lives through fashion. The company views its role not just as a retailer, but as a community builder that empowers women to express themselves confidently and beautifully.
Latest News:
- New store openings across various states.
- Introduction of a new swimwear line.
- Collaborations with prominent fashion designers.
- Launch of enhanced mobile shopping app.
For more information about career opportunities at Torrid, visit www.hottcareers.com.
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.
Torrid Holdings Inc. (CURV) has announced the launch of a secondary public offering of 8,000,000 shares of common stock. The offering is being conducted by certain selling stockholders, with Torrid not receiving any proceeds from the sale. Underwriters have been granted a 30-day option to purchase an additional 1,200,000 shares. 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 will be made through a prospectus supplement and accompanying prospectus, with documents available on the SEC website or through the underwriters.
Torrid Holdings Inc. (NYSE: CURV), a leading apparel brand for women sizes 10 to 30, has announced the winner of its 2024 Nationwide Model Casting Call. Essence Sugar, a 29-year-old mechanical engineer from Jacksonville, Florida, emerged victorious from over 11,000 applicants across the U.S. and Canada.
The six-month casting process included in-store events at over 100 mall locations and a rigorous selection process. Sugar impressed judges with her natural camera presence and authenticity during the final round in Los Angeles. As the winner, she will be featured in a Torrid 2025 campaign photoshoot, receive a $2,000 cash prize, a full year's wardrobe valued at $15,000, and may be signed with a global talent management agency.
Torrid's Chief Marketing Officer, Vivian Alhorn, expressed excitement about working with Sugar and highlighted the positive feedback received from the casting call. The company is already looking ahead to its 2025 model search.
Torrid Holdings Inc. (NYSE: CURV) reported its Q2 fiscal 2024 results, with net sales of $284.6 million, down 1.6% year-over-year but at the high end of guidance. The company saw net income of $8.3 million ($0.08 per share) and Adjusted EBITDA of $34.6 million, exceeding expectations. Regular price comparable sales grew 6.4%, while gross profit margin improved by 323 basis points to 38.7%. Inventory levels decreased by 19% compared to Q2 last year. Torrid ended the quarter with $54 million in cash and total liquidity of $153.8 million. For Q3 fiscal 2024, the company expects net sales between $280-285 million and Adjusted EBITDA between $23-26 million. Full-year fiscal 2024 guidance projects net sales of $1.135-1.145 billion and Adjusted EBITDA of $110-116 million.
Torrid Holdings Inc. (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 Goldman Sachs 31st Annual Global Retailing Conference in New York. The company's leadership team, including CEO Lisa Harper, CFO Paula Dempsey, and Chief Strategy and Planning Officer Ashlee Wheeler, will be conducting one-on-one meetings with investors on Thursday, September 5, 2024. This event provides an opportunity for Torrid to engage with investors and showcase its business strategy and performance in the competitive retail sector.
Torrid Holdings Inc. (NYSE: CURV), a direct-to-consumer apparel brand for women sizes 10 to 30 in North America, has announced the release date for its second quarter fiscal 2024 financial results. The company will disclose its financial performance before the market opens on Wednesday, September 4, 2024. Following the release, management will host a conference call at 10:00 a.m. Eastern Time to discuss the results.
Interested parties can participate in the call by dialing (877) 407-9208 or (201) 493-6784 for international callers. The call will also be webcast live on the company's investor relations website. For those unable to attend, a replay will be available until September 11, 2024, accessible via phone or webcast.
Torrid Holdings Inc. (NYSE: CURV), a direct-to-consumer apparel brand for women sizes 10 to 30, has announced the top 30 finalists from their largest ever Casting Call. The finalists were selected from over 11,000 applicants across the US and Canada. Public voting is open from July 31 to August 7 to select the top 10 finalists.
The chosen 10 women will participate in an exclusive modeling 'boot camp' in Los Angeles, featuring mentorship sessions, photoshoots, and digital content creation workshops. The grand prize winner, to be announced on September 4, will be featured in a 2025 campaign photoshoot, receive a $2,000 cash prize, a $15,000 Torrid wardrobe, and an opportunity to be signed with a global talent management agency.
Torrid Holdings, trading under NYSE: CURV, announces key executive changes. Hyon Park, previously Chief Technology Officer, is promoted to Chief Operating Officer, overseeing store operations and supply chain management. Ashlee Wheeler, formerly Senior VP of Company Planning & Strategy, is now Chief Planning Officer, handling planning, strategy, pricing, promotion, omni-channel fulfillment, and analytics. Chief Commercial Officer Mark Mizicko plans to retire by June 14, 2024, but will remain as a consultant. These changes aim to bolster Torrid's growth and operational efficiency.
Additionally, Torrid released its Q1 2024 financial results and will discuss them in an earnings call at 4:30 pm ET today.
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