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Torrid Holdings (CURV)
NYSE:CURV
Holding CURV?
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.07Last Year’s EPS
-$0.04Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 03, 2024
|% Change Since: 1.75%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted several strategic initiatives that have begun to show promising results, such as improved traffic, successful marketing, and inventory strategies. However, financial metrics such as net loss and decreased gross profit margin indicate ongoing challenges. The sentiment reflects a cautious yet optimistic outlook with a focus on future improvements.Company Guidance
During the CURV earnings call for the third quarter of fiscal 2023, Torrid Holdings provided updated guidance reflecting their financial performance and strategic initiatives. The company reported net sales of $275 million and an adjusted EBITDA of $19 million, exceeding expectations due to strong demand. Inventory levels ended at $171 million, marking a 14% decrease from the previous year. For the full fiscal year, Torrid raised its outlook, projecting net sales between $1.125 billion and $1.140 billion, with adjusted EBITDA ranging from $99 million to $103 million, inclusive of a 53rd week. The guidance for the fourth quarter anticipates net sales between $267 million and $283 million, and adjusted EBITDA of $9 million to $13 million. The company emphasized ongoing strategic efforts, including broadening their assortment and pricing strategies, enhancing marketing, and optimizing cost and inventory management, which are expected to contribute to sustainable growth and margin expansion.Improved Traffic and Sales
Sequential traffic improvement both in stores and online, with net sales of $275 million and adjusted EBITDA of $19 million, surpassing expectations.
Successful Marketing and Inventory Strategies
Enhanced marketing efforts and inventory management led to a 120 basis point increase in product margin and a 14% decrease in inventory year-over-year.
Positive Customer Response
Initiatives such as fitting room Fridays and a shift towards casual, relevant styles resonated well with customers, contributing to improved sales trends.
Clearance Store Pilot Success
The pilot program with 3 clearance stores experienced significant margin improvement and is expected to expand strategic initiatives.
Appointment of New CFO
Paula Dempsey's promotion to CFO reflects strong leadership and contributions to the company’s strategic growth.
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CURV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CURV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 03, 2024 | $4.58 | $3.43 | -25.11% |
| Sep 04, 2024 | $6.14 | $6.69 | +8.96% |
| Jun 12, 2024 | $6.60 | $6.65 | +0.76% |
| Mar 28, 2024 | $4.88 | $4.68 | -4.10% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Torrid Holdings (CURV) report earnings?
Torrid Holdings (CURV) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Torrid Holdings (CURV) earnings time?
Torrid Holdings (CURV) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CURV EPS forecast?
CURV EPS forecast for the fiscal quarter 2024 (Q4) is -$0.07.
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