secwatch.observer — SEC 8-K summary
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Issuer:     Torrid Holdings Inc. (CURV)
CIK:        0001792781
Form:       8-K
Filed at:   2022-06-07T23:59:59+00:00
Accession:  0001628280-22-016447
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Torrid beats Q1 net sales and EBITDA guidance but gross margin down 640 bps
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- Net sales $328.4M (+1% YoY) and Adj. EBITDA $51.8M (15.8% of sales) exceeded guidance.
- Gross profit margin 38.1% vs 44.5% last year, pressured by higher promotions and supply-chain costs.
- Repurchased $23M of common stock under existing buyback program.
- Q2 FY22 guidance: sales $350-360M, Adj. EBITDA $53-58M; full-year sales $1.30-1.365B, Adj. EBITDA $195-220M.
- Comparable sales declined 2% in Q1; store count 625 after opening 4 new locations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1792781/000162828022016447/0001628280-22-016447-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1792781/000162828022016447/thi-20220607.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-016447

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer