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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) 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.