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 (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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