secwatch.observer — SEC 8-K summary
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Issuer:     Torrid Holdings Inc. (CURV)
CIK:        0001792781
Form:       8-K
Filed at:   2022-12-08T23:59:59+00:00
Accession:  0001628280-22-031581
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Torrid Q3 net sales $290M (-5.3%), adj. EBITDA $32.1M; lowers FY outlook
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- Net sales decreased 5.3% to $290.0M; comparable sales down 8%.
- Gross profit margin 31.6% vs 40.9% a year ago, pressured by higher discounts.
- Net income $7.3M ($0.07 EPS) vs net loss of $58.9M in Q3 last year.
- Adjusted EBITDA $32.1M (11.1% of sales) vs $55.2M (18.0%) in Q3 last year.
- Q4 guidance: net sales $285-300M, adj. EBITDA $9-14M; full year adj. EBITDA $145-150M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1792781/000162828022031581/0001628280-22-031581-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1792781/000162828022031581/thi-20221208.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-031581

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