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Torrid Holdings Inc. - CURV STOCK NEWS

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.

News
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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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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.

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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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Torrid Holdings Inc. announces its 2024 Casting Call and nationwide tour across America to find its next brand model. The winner will feature in a 2024 or 2025 campaign photoshoot, receive a Torrid wardrobe for a year, and get a chance to sign with a global talent management agency.
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Torrid Holdings Inc. (CURV) announces positive financial results for Q4 and fiscal year 2023, with net sales exceeding guidance. Despite a decrease in sales, the company shows improvements in gross profit margins and adjusted EBITDA. The CEO highlights strategic initiatives for future growth and cash flow generation.
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Torrid Holdings Inc. (CURV) is set to release its fourth quarter and fiscal 2023 financial results on March 28, 2024. The direct-to-consumer apparel brand for women sizes 10 to 30 will hold a conference call to discuss the results. Investors can participate via phone or webcast.
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Torrid Holdings Inc. (NYSE: CURV) announced the promotion of Paula Dempsey to the role of Chief Financial Officer (CFO). Ms. Dempsey served as the interim CFO until her promotion on December 4, 2023. She joined the company in January 2023 and has extensive retail experience, previously holding senior leadership roles in publicly-held companies in finance and financial planning and analysis. The CEO expressed confidence in Paula's leadership, citing her as the right person to lead the finance organization. Ms. Dempsey also spoke of her excitement to assume the role of CFO, highlighting the brand's potential for consistent and profitable growth over the long term.
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Torrid Holdings Inc. (CURV) reports net sales of $275.4 million, above expectations, with net loss of $2.7 million. Adjusted EBITDA beat guidance. The company raises full year 2023 revenue and EBITDA outlook. Torrid is a direct-to-consumer apparel, intimates, and accessories brand in North America for women sizes 10 to 30.
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Torrid Holdings Inc. (CURV) to Release Q3 Fiscal 2023 Financial Results, Hosting Conference Call on December 7, 2023
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Torrid Holdings Inc. reported Q2 net sales of $289.1 million and net income of $6.6 million, in line with guidance. Comparable sales decreased 18% in Q2. Adjusted EBITDA was $32.2 million, or 11.1% of net sales, compared to $52.1 million, or 14.7% of net sales, in the same period last year. The company opened three stores and closed two stores in Q2. For Q3, net sales are expected to be between $242 million and $251 million, with adjusted EBITDA between $11 million and $15 million. For FY 2023, net sales are expected to be between $1.080 billion and $1.115 billion, with adjusted EBITDA between $90 million and $100 million.
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FAQ

What products does Torrid Holdings Inc. offer?

Torrid offers fashion apparel, accessories, swimwear, and lingerie for women in sizes 12 to 28.

Who is the target demographic for Torrid?

Torrid targets young, stylish women aged 27 to 42 years old.

How many stores does Torrid operate?

Torrid operates over 280 stores across the United States.

What makes Torrid unique in the fashion industry?

Torrid is known for its focus on fit, quality, and a wide range of sizes from 12 to 28, catering specifically to plus-size women.

How can I apply for a job at Torrid?

Career opportunities at Torrid can be found at www.hottcareers.com.

What are some recent achievements of Torrid?

Recent achievements include new store openings, a new swimwear line, collaborations with designers, and the launch of an enhanced mobile shopping app.

How does Torrid engage with its customers?

Torrid engages through both its e-commerce platform and physical stores, providing a seamless shopping experience and exceptional customer service.

What is Torrid's business model?

Torrid operates on a direct-to-consumer business model, combining an e-commerce platform with physical stores.

Does Torrid have plans for expansion?

Yes, Torrid continues to expand its store locations and enhance its product offerings.

What is Torrid's mission?

Torrid's mission is to empower women and celebrate their individual style through fashionable, well-fitting apparel and accessories.

Torrid Holdings Inc.

NYSE:CURV

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CURV Stock Data

808.19M
104.35M
12.59%
82.85%
1.78%
Men's Clothing Stores
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