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.
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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