Welcome to our dedicated page for Torrid Hldgs news (Ticker: CURV), a resource for investors and traders seeking the latest updates and insights on Torrid Hldgs stock.
Torrid Holdings Inc. operates a direct-to-consumer apparel, intimates, and accessories brand in North America serving women sizes 10 to 30. Recurring updates center on quarterly and annual results, comparable sales, guidance, profitability measures, and capital allocation.
The company's operating updates describe its e-commerce platform and store fleet, one reportable segment, merchandising changes, core product franchises, fabrications, footwear, sub-brands, customer acquisition, loyalty, digital and influencer marketing, and store optimization. Corporate news also includes shareholder voting matters, governance items, capital-structure disclosures, and share repurchase activity.
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Torrid Holdings Inc. (NYSE: CURV) has appointed Mark Mizicko as Chief Commercial Officer, effective March 23, 2023. Lisa Harper, CEO, expressed enthusiasm for Mizicko's return, highlighting his extensive retail experience. Mizicko's role will encompass Merchandising, Merchandise Planning and Allocation, Marketing, and E-Commerce. He brings over 25 years of retail expertise from notable companies including Gap Inc. and Gymboree. The leadership team, including Chief Creative Officer Liz Munoz and Chief Marketing Officer Vivian Alhorn, aims to enhance product offerings and customer experience.
Torrid Holdings announced its financial results for the fourth quarter ended January 28, 2023. Net sales reached $301.2 million, a 5.5% decrease year-over-year. Adjusted EBITDA was $16.4 million (5.6% of net sales), down from $28.4 million (9.1% of net sales) in the previous year. The company reported a net loss of $3.8 million, an improvement over the $22.8 million loss from the prior year. For fiscal 2023, Torrid projects net sales of $1.265-$1.320 billion and adjusted EBITDA of $140-$152 million, amid anticipated macroeconomic challenges and increased operational costs.