Torrid Holdings Reports Improved Earnings Amid Strategic Growth

Torrid Holdings, Inc. ( (CURV) ) has released its Q4 earnings. Here is a breakdown of the information Torrid Holdings, Inc. presented to its investors.

Torrid Holdings, Inc. is a direct-to-consumer brand in North America specializing in stylish apparel, intimates, and accessories for women sizes 10 to 30, focusing on fashionable, comfortable, and affordable options. In its latest earnings report, Torrid Holdings, Inc. announced that it delivered fourth-quarter net sales above guidance, with a net loss of $3.0 million, an improvement from the previous year’s net loss of $4.1 million. The company also exceeded its adjusted EBITDA guidance and reported a strong financial condition with year-end cash of $48.5 million and liquidity of $158.0 million. Key financial metrics for the fourth quarter of fiscal 2024 included a 6.1% decrease in net sales to $275.6 million and a slight decline in gross profit margin to 33.6%. Despite these challenges, adjusted EBITDA increased to $16.7 million, representing 6.1% of net sales. For the full year, net sales decreased by 4.2% to $1,103.7 million, while net income rose by 40% to $16.3 million. Looking ahead, Torrid Holdings, Inc. is focused on enhancing product assortment, driving customer growth, and optimizing its store fleet. The company anticipates net sales between $1.080 billion and $1.100 billion for fiscal 2025, with adjusted EBITDA expected to range from $100 million to $110 million, reflecting its strategic investments and strong financial position.