secwatch.observer — SEC 8-K summary
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Issuer:     Torrid Holdings Inc. (CURV)
CIK:        0001792781
Form:       8-K
Filed at:   2021-12-08T23:59:59+00:00
Accession:  0001628280-21-024699
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Torrid Q3 net sales up 13% to $306.2M; adj. net income $27.8M; $100M buyback
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- Net sales $306.2M (+13% YoY); comparable sales +14%; gross margin 40.9% vs 35.4% last year.
- GAAP net loss $58.9M due to $111.4M non-cash IPO charge; adjusted net income $27.8M ($0.25/sh), up 53%.
- Adjusted EBITDA $55.2M (18.0% margin) vs $30.8M (11.4%) last year; operating cash flow $125.3M YTD.
- Board authorized $100M share repurchase program; Q4 outlook: net sales $325M-$335M, adj. EBITDA $35M-$40M.
- Full-year FY2021 net sales guidance $1.29B-$1.30B; capex ~$23M for ~23 new stores.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1792781/000162828021024699/0001628280-21-024699-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1792781/000162828021024699/thi-20211208.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-024699

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