Torrid Shares Dip On Weak Q3 Results And Lowered FY24 Outlook, CEO Optimistic For Future Growth [Yahoo! Finance]
Torrid Holdings Inc. (CURV)
Company Research
Source: Yahoo! Finance
On Tuesday, the company reported net sales declined 4.2% year-over-year to $263.8 million, missing the consensus of $285.8 million, while comparable sales dropped 6.5% in the quarter. Gross profit margin improved to 36.1% from 33.2% in the prior year's third quarter, a 285 bps increase driven by lower product costs and higher sales of regular-priced items. EPS of $(0.01) missed the street view of $0.03 At the end of third-quarter 2024, cash and cash equivalents totaled $44.0 million. Lisa Harper, Chief Executive Officer of Torrid, said, “While we are encouraged by our customers' response to the newness in our assortments, given the volatility we have seen in our business, and recognizing that there is still considerable amount of the quarter ahead of us, we are taking a prudent approach to our fourth quarter outlook.” ”As we move into fiscal 2025, we are confident that we have put in place the necessary changes and strategies to position us for growth.” Outlook : The compan
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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