secwatch.observer — SEC 8-K summary
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Issuer:     Torrid Holdings Inc. (CURV)
CIK:        0001792781
Form:       8-K
Filed at:   2022-09-07T23:59:59+00:00
Accession:  0001628280-22-024492
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Torrid Q2 net sales +2% to $340.9M, but gross margin drops 1010 bps; FY guidance reduced
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- Q2 net sales $340.9M (+2% YoY); comparable sales +1% vs +30% last year.
- Gross margin 34.9% vs 45.0% due to increased discounts/inventory clearance and higher costs.
- Net income $22.7M ($0.22 EPS) vs $38.8M ($0.35 EPS); adjusted EBITDA $52.1M vs $86.5M.
- Full-year FY2022 outlook: net sales $1.26B-$1.30B, adjusted EBITDA $160M-$175M.
- Repurchased $8.8M of shares; ended Q2 with 627 stores.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1792781/000162828022024492/0001628280-22-024492-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1792781/000162828022024492/thi-20220907.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-024492

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