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Torrid Holdings Inc
NYSE:CURV

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Torrid Holdings Inc
NYSE:CURV
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Price: 2.08 USD 5.58% Market Closed
Market Cap: $206.3m

Torrid Holdings Inc
Investor Relations

Torrid Holdings, Inc. operates e-Commerce platform for apparel and intimates. The company is headquartered in City Of Industry, California and currently employs 2,063 full-time employees. The company went IPO on 2021-07-01. The firm's product is designed for plus-size women and is focused on fit. The company offers products across a range of assortment that includes tops, bottoms, denim, dresses, intimates, activewear, footwear and accessories. The firm markets directly to consumers through its e-commerce platform and its physical footprint of approximately 624 stores in the United States, Puerto Rico and Canada. The firm's brands include Torrid and Torrid Curve. The firm's Torrid Curve provides a line of bras, activewear, loungewear, lingerie wear and sleep wear. The company offers wire-free, T-shirt, and strapless bras. Its footwear and accessories include boots, sneakers, hats, belts among others. The firm provides a Website and mobile application feature which provides updates on new collections, guidance on how to wear, and put together outfits.

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Last Earnings Call
Fiscal Period
Q4 2026
Call Date
Mar 19, 2026
AI Summary
Q4 2026

Results: Net sales for fiscal 2025 were $1.0 billion (top end of outlook) and adjusted EBITDA was $63.6 million (above the high end of the prior range). Q4 net sales were $236.2 million with adjusted EBITDA of $5.1–5.2 million.

Profitability: Q4 gross margin compressed to 30.0% from 33.6% a year ago; SG&A declined and leveraged to 26.4% of sales, demonstrating structural cost progress.

Transformation: 151 stores were closed in fiscal 2025 (85% of the identified program); management expects the store optimization to be substantially complete by H1 2026 and to drive ongoing cost savings.

Priority for 2026: The company’s #1 focus is customer-file growth via reactivation of 7+ million lapsed customers, improved segmentation/personalization, and loyalty evolution — reactivation is expected to be materially cheaper than paid acquisition.

Product & pricing: Five sub-brands generated >$70 million in 2025 and are projected to reach about $110 million in 2026; Opening Price Point (OPP) assortment now ~30% of assortment and nearly 40% in stores and is performing well.

Footwear: Footwear pause pressured comps by ~460 bps in Q4 and ~260 bps for the year; footwear is being reintroduced and expected to be a headwind in H1 then accretive in H2 2026.

Outlook: FY2026 guidance: net sales $940M–$960M and adjusted EBITDA $65M–$75M; Q1 2026 sales $236M–$244M and adjusted EBITDA $14M–$18M.

Liquidity & inventory: $200M cash, $31M drawn on revolver, total liquidity $84.9M; inventory $136.5M (down 8%).

Key Financials
Net sales (FY 2025)
$1.0 billion
Net sales (Q4 2025)
$236.2 million
Comparable sales (Q4)
down 10%
Adjusted EBITDA (FY 2025)
$63.6 million
Adjusted EBITDA (Q4 2025)
$5.2 million
Gross profit (Q4 2025)
$70.9 million
Gross margin (Q4 2025)
30.0%
SG&A (Q4 2025)
$62.4 million
Marketing (Q4 2025)
$13.5 million
Net loss (Q4 2025)
$8.1 million
Net loss per share (Q4 2025)
$0.08
Cash and cash equivalents
$200.0 million
Revolver drawn
$31.0 million
Total liquidity
$84.9 million
Inventory
$136.5 million
Store closures (FY 2025)
151 stores closed in 2025
Operating expense savings (realized)
$18.5 million
Footwear comp impact
Q4: negative 460 basis points; FY: negative 260 basis points
Sub-brands sales (FY 2025)
over $70 million
FY 2026 net sales guidance
$940 million to $960 million
FY 2026 adjusted EBITDA guidance
$65 million to $75 million
Q1 2026 sales guidance
$236 million to $244 million
Q1 2026 adjusted EBITDA guidance
$14 million to $18 million
Capital expenditures (FY 2026)
$8 million to $10 million
Earnings Call Recording
Other Earnings Calls

Management

Ms. Lisa M. Harper
CEO & Director
No Bio Available
Ms. Paula S. Dempsey
Executive VP & CFO
No Bio Available
Mr. Hyon C. Park
CTO & COO
No Bio Available
Ms. Chinwe Abaelu
Senior VP, Chief Accounting Officer & Principal Financial Officer
No Bio Available
Ms. Bridgett C. Zeterberg
Executive VP, Chief Human Resources Officer, Chief Legal Officer & Corporate Secretary
No Bio Available
Ms. Vivian Alhorn
Chief Marketing Officer
No Bio Available
Ms. Ashlee Wheeler
Chief Planning Officer
No Bio Available
Ms. Kate Horton
Chief Merchandising Officer
No Bio Available

Contacts

Address
CALIFORNIA
CITY OF INDUSTRY
18501 E. San Jose Avenue
Contacts
+16266671002.0
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