Torrid Hldgs Inc Stock Price, News & Analysis

Torrid Holdings Inc. (NYSE: CURV), a direct-to-consumer apparel brand, will participate in a fireside chat at the 24th Annual ICR Conference on January 11, 2022, at 2:30 pm ET. CEO Liz Munoz and CFO George Wehlitz will represent the company in this virtual event, which will be webcast live. The chat will focus on Torrid’s offerings for women sizes 10 to 30, emphasizing their commitment to fit and quality across a broad assortment of products. An online archive of the event will be available for 90 days.

Torrid Holdings Inc. (NYSE: CURV) announced the retirement of Chief Financial Officer George Wehlitz at the end of Q1 FY2022. Wehlitz will assist in the transition and has played a crucial role in the company's growth, including its public listing. The company is now searching for his successor, considering both internal and external candidates. CEO Liz Munoz expressed gratitude for Wehlitz's contributions and looks forward to his advisory support during the transition.

Torrid Holdings Inc. (CURV) reported a 13% increase in net sales to $306.2 million for Q3 2021, driven by online sales and improved store productivity. The gross profit margin rose to 40.9%, a 550 basis point improvement year-over-year. However, the company posted a net loss of $58.9 million due to a high tax burden from a non-cash charge related to its IPO. Adjusted EBITDA was $55.2 million, reflecting a significant rise in profitability. For Q4, net sales are projected between $325-$335 million. The Board has authorized a $100 million share repurchase program, signaling confidence in long-term growth.

Torrid Holdings Inc. (NYSE: CURV) plans to release its third quarter 2021 financial results after market close on December 8, 2021. A conference call will be held at 4:30 p.m. ET to discuss the results. Interested participants can join by dialing (877) 407-9208 (or international at (201) 493-6784) using conference ID 13725169. For those unable to attend live, a replay will be available two hours post-call until December 15, 2021 on its website.

Torrid Holdings Inc. (NYSE: CURV) has appointed Valeria Rico Nikolov as an independent director on its Board. Rico Nikolov, founder and CEO of GGA Solutions, brings extensive experience in marketing and strategic planning, previously serving as CEO of Confie Seguros. The Board is optimistic about her contributions to Torrid's strategic growth initiatives. Rico Nikolov expressed her enthusiasm for joining Torrid and acknowledging the brand's positive impact on its customers. Torrid specializes in apparel and intimates for curvy women sizes 10-30 in North America.

Torrid Holdings Inc. (NYSE: CURV) reported strong financial results for Q2 2021, with net sales increasing by 34% to $332.9 million, driven by e-commerce growth and improved store performance. Gross profit margin surged to 45.0%, up from 32.1% last year. Net income rose to $38.8 million or $0.35 per share, a 131% increase year-over-year. The company forecasts Q3 net sales between $305 million and $315 million, with an outlook for full-year sales between $1.29 billion and $1.31 billion.

Torrid Holdings Inc. (NYSE: CURV) will participate in the Goldman Sachs 28th Annual Global Retailing Conference on September 9, 2021. CEO Liz Munoz and CFO George Wehlitz will present in a fireside chat at 4:10 PM Eastern Time. The event will be webcast live and available for archive for 90 days post-event. Torrid is a direct-to-consumer apparel brand focused on women sizes 10 to 30 in North America, offering a variety of products including tops, bottoms, and activewear. This participation highlights Torrid's engagement with investors and ongoing market presence.

Torrid Holdings Inc. (NYSE: CURV) will release its Q2 fiscal 2021 financial results after market close on September 8, 2021. A conference call will follow at 4:30 p.m. ET to discuss the results. Interested participants can join by calling (877) 407-9208 for domestic or (201) 493-6784 for international. A live webcast will be available on the Company’s investor relations website, with a replay accessible for two weeks after the call.

Torrid Holdings Inc. announced the pricing of its initial public offering (IPO) of 11 million shares at $21.00 each, with an additional 1.65 million shares available via an underwriter option. The IPO will not generate proceeds for Torrid as shares are sold by existing shareholders. Trading begins on the NYSE under the ticker symbol CURV on July 1, 2021, with the offering expected to close on July 6, 2021. Morgan Stanley, BofA Securities, Goldman Sachs, and Jefferies are leading the offering.