secwatch.observer — SEC 8-K summary
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Issuer:     Torrid Holdings Inc. (CURV)
CIK:        0001792781
Form:       8-K
Filed at:   2022-03-17T23:59:59+00:00
Accession:  0001628280-22-006539
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Torrid Q4 net sales up 5.5% but adjusted EBITDA drops 35%; FY2022 guidance below FY2021
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- Q4 net sales $313.9M (+5.5% YoY, +15.8% vs 2019); comparable sales +4.5%.
- Q4 net loss $22.8M ($0.21 loss) vs $8.8M last year due to one-time non-cash IPO-related tax charge.
- Q4 adjusted EBITDA $28.4M (9.1% margin) down from $44.0M (14.8%); adjusted EPS $0.09 vs $0.22.
- Full-year FY2021 net sales $1.2788B (+31.4%), adjusted EBITDA $245.9M (19.2%) vs $100.8M (10.4%).
- FY2022 guidance: net sales $1.30-1.365B, adjusted EBITDA $195-220M (down from FY2021), capex $30-35M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1792781/000162828022006539/0001628280-22-006539-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1792781/000162828022006539/thi-20220317.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-006539

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