Torrid Holdings Inc. (NYSE:CURV ) Q1 2025 Earnings Conference Call June 5, 2025 4:30 PM ET Company Participants Ashlee Wheeler - Executive VP and Chief Strategy & Planning Officer Chinwe Abaelu - Senior VP, Chief Accounting Officer & Principal Financial Officer Lisa M. Harper - CEO & Director Paula S.
Torrid Holdings (CURV) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.12 per share a year ago.
Torrid Holdings Inc. reported flat comps and pressured expense leverage due to the lack of a 53rd week, guiding for flat sales and EBITDA in FY25. The company plans to close up to 8% of its stores while launching new sub-brands, aiming for 7-10% of FY25 sales from these initiatives. Despite some improvements in SG&A and strategic execution, Torrid remains a turnaround story with elevated debt and no near-term growth prospects.
I reiterate my hold rating on Torrid Holdings (CURV) due to its expensive valuation and uncertain consumer environment limiting near-term upside. 4Q24 results showed signs of turnaround with improved full-price sales and sub-brand performance, but the overall retail demand remains weak. CURV's sub-brands like Festi, Nightfall, and Retro Chic are driving incremental traffic and attracting younger customers without heavily burdening the balance sheet.
Torrid Holdings Inc. has shown improvement from its 2023 lows, with management pivoting to return to growth despite ongoing sales and margin pressures. Q4 sales fell 6.1%, but beat estimates, and comparable sales declined just 0.8%, indicating a potential stabilization. Earnings improved due to operational expense control and fewer stores, with adjusted EBITDA rising to $16.7 million and net loss narrowing to $3.0 million.
Torrid Holdings (CURV) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to loss of $0.04 per share a year ago.
Torrid Holdings Inc. (NYSE:CURV ) Q4 2024 Earnings Conference Call March 20, 2025 4:30 PM ET Company Participants Chinwe Abaelu - Chief Accounting Officer and Senior Vice President Lisa Harper - Chief Executive Officer Paula Dempsey - Chief Financial Officer Ashlee Wheeler - Chief Strategy and Planning Officer Conference Call Participants Brooke Roach - Goldman Sachs Dylan Carden - William Blair Katie Delahunt - Morgan Stanley Corey Tarlowe - Jefferies Dana Telsey - Telsey Advisory Group Operator Greetings, and welcome to the Torrid Holdings Incorporated Fourth Quarter Fiscal 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
I am neutral on Torrid Holdings due to poor demand trends and a relatively expensive valuation. CURV's 3Q24 revenue fell by 4.2% y/y, with a 9th straight quarter of negative comparable sales growth, missing consensus estimates. Management must prove its ability to drive CSG acceleration in 4Q24, especially with significant new product introductions and a favorable holiday shopping season.
Torrid Holdings' Q3 2024 results were highly disappointing, with sales down 4.2% and comparable sales down 6.5%, leading to a 30% stock drop. The company faces a challenging Q4 with expected sales between $250 million and $270 million and operating and net losses. New assortments post-Christmas and in H1 2025 could potentially revive the brand, but the current valuation is barely fair, not attractive.
CURV's third-quarter results show gross profit expansion and modest adjusted EBITDA growth despite a soft top-line performance.
Start Time: 16:30 January 1, 0000 5:24 PM ET Torrid Holdings Inc. (NYSE:CURV ) Q3 2024 Earnings Conference Call December 03, 2024, 16:30 PM ET Company Participants Lisa Harper - CEO Paula Dempsey - CFO Ashlee Wheeler - Chief Strategy and Planning Officer Chinwe Abaelu - CAO and SVP Conference Call Participants Brooke Roach - Goldman Sachs Corey Tarlowe - Jefferies Dana Telsey - Telsey Advisory Group Alex Straton - Morgan Stanley Marni Shapiro - The Retail Tracker Operator Greetings, and welcome to the Torrid Holdings Incorporated Third Quarter Fiscal 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Torrid Holdings (CURV) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.03. This compares to loss of $0.03 per share a year ago.