Torrid Reports Third Quarter Fiscal 2024 Results
Torrid Holdings Inc. (CURV)
Company Research
Source: Business Wire
Delivered Net Sales of $263.8 millionGenerated gross margin expansion of 285 basis points to 36.1%Net Loss of $1.2 million compared to Net Loss of $2.7 million last yearUpdated 2024 Net Sales and Adjusted EBITDA(1) Outlook CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)--Torrid Holdings Inc. (“Torrid” or the “Company”) (NYSE: CURV), a direct-to-consumer apparel, intimates, and accessories brand in North America for women sizes 10 to 30, today announced its financial results for the quarter ended November 2, 2024.Lisa Harper, Chief Executive Officer of Torrid, stated, “Our third quarter results were below our expectations as our fall assortments did not offer enough newness and novelty. We also saw the environment change meaningfully from the end of September and into October. Despite the weaker top line sales, we delivered a positive full-price comp, 285 basis points of gross profit expansion, and modest Adjusted EBITDA(1) growth. We ended the quarter with clean inventory levels, down 1
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News
- We Like The Quality Of Torrid Holdings' (NYSE:CURV) Earnings [Yahoo! Finance]Yahoo! Finance
- Torrid Holdings Inc. (NYSE: CURV) is now covered by analysts at Bank of America Co.. They set a "buy" rating and a $5.00 price target on the stock.MarketBeat
- Torrid Holdings' (NYSE:CURV) Returns Have Hit A Wall [Yahoo! Finance]Yahoo! Finance
- Torrid Holdings Posts Q3 Loss, Comparable Sales Decline 6.5% Y/Y [Yahoo! Finance]Yahoo! Finance
- Torrid Holdings Inc. (NYSE: CURV) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $4.50 to $4.00. They now have a "neutral" rating on the stock.MarketBeat
CURV
Earnings
- 12/3/24 - Miss
CURV
Sec Filings
- 12/13/24 - Form 144
- 12/12/24 - Form SC
- 12/11/24 - Form 10-Q
- CURV's page on the SEC website