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. (NYSE: CURV) is a direct-to-consumer apparel, intimates, and accessories brand in North America focused on curvy women in sizes 10 to 30. This news page aggregates company-issued updates and market announcements so readers can follow how Torrid’s business evolves over time.
Recent Torrid news has centered on quarterly earnings releases, fiscal guidance, and operational updates. The company regularly reports net sales, comparable sales, gross profit margin, net income or loss, Adjusted EBITDA, and store counts for each fiscal quarter and the full year. These releases also describe trends in its unified commerce business, including performance across its e-commerce platform and store fleet.
Investors and followers of CURV can use this news feed to track topics such as Torrid’s store optimization strategy, including store openings and closures, and its focus on digital demand. Earnings releases and related conference call announcements provide insight into how the company is managing tariffs, sourcing, marketing investments, and other factors that affect profitability.
In addition to earnings, Torrid’s news includes capital markets and corporate actions, such as secondary offerings of common stock by selling stockholders and related stock repurchase agreements. These announcements are often tied to the company’s SEC filings and describe the structure of offerings, use of treasury stock, and the role of underwriters.
By reviewing Torrid’s news items in one place, readers can follow developments in its plus- and mid-size apparel strategy, monitor changes in financial guidance, and see how management describes key risks and opportunities. Bookmark this page to quickly access the latest CURV press releases, earnings summaries, and transaction announcements as they are released.
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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