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. (CURV) is a leading innovator in plus-size fashion, combining e-commerce agility with physical retail expertise to serve curvy women nationwide. This news hub provides investors and industry observers with essential updates about the company's financial performance, product developments, and market strategies.
Access authoritative information on CURV's quarterly earnings, leadership announcements, and partnership initiatives. Our curated collection includes press releases about new store openings, exclusive collections, and operational milestones that shape Torrid's position in specialty retail.
Discover timely updates about inventory innovations, customer experience enhancements, and sustainability efforts within Torrid's vertically integrated business model. The repository serves as a strategic resource for tracking how this inclusive brand adapts to evolving consumer preferences and retail trends.
Bookmark this page for streamlined access to verified corporate communications. Check back regularly to monitor how Torrid continues redefining plus-size fashion through data-driven design and community-focused retail experiences.
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.
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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