Welcome to our dedicated page for Torrid Holdings news (Ticker: CURV), a resource for investors and traders seeking the latest updates and insights on Torrid Holdings stock.
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 its Q1 fiscal 2024 results, with net sales of $279.8 million, a 4.8% decrease from the previous year. Comparable sales dropped by 9%. However, net income rose to $12.2 million from $11.8 million. Adjusted EBITDA slightly decreased to $38.2 million. The gross profit margin improved to 41.3%, up from 37.7%, due to strategic pricing and increased sales of regular-priced items. Torrid opened six new stores and closed three, ending the quarter with 658 stores. Cash and cash equivalents totaled $20.9 million, with liquidity of $137.0 million. For Q2, Torrid expects net sales between $280.0 million and $285.0 million and Adjusted EBITDA between $30.0 million and $34.0 million. For FY 2024, the company projects net sales between $1.135 billion and $1.155 billion and Adjusted EBITDA between $109.0 million and $116.0 million.
Torrid Holdings (NYSE: CURV), a leading direct-to-consumer apparel brand for women sizes 10 to 30, will announce its first quarter fiscal 2024 financial results on June 12, 2024, after market close.
The company will host a conference call at 4:30 p.m. Eastern Time to discuss the results. Participants can join the call by dialing (877) 407-9208, or (201) 493-6784 for international callers. The call will be webcast live on Torrid's investor website, with a replay available until June 19, 2024.
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