{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-009015","form_type":"8-K","ticker":"CURV","cik":"0001792781","company_name":"Torrid Holdings Inc.","filed_at":"2023-03-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.564824+00:00","generated_at":"2026-06-17T19:01:12.991523+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Torrid Q4 net sales $301.2M (down 5.5%), Adj EBITDA beat; FY23 guidance soft; CMO resigns.","bullets":["Q4 net sales $301.2M (-5.5% YoY); net loss $3.8M ($0.04 loss/share); Adj EBITDA $16.4M, above guidance range.","Full year net sales $1,288.1M (-0.7% YoY); net income $50.2M ($0.48 EPS); Adj EBITDA $152.3M vs $245.9M prior year.","FY2023 guidance: net sales $1,265-1,320M; Adj EBITDA $140-152M; capex $40-45M with 30-40 new stores.","Chief Merchandising and Product Officer Anne Stephenson resigned effective March 23, 2023; no replacement named.","Q4 gross margin 31.9% (down 70bps); active customers up 2% to 3.9M; average spend per customer down 3%."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-009015","json":"https://secwatch.observer/filing/0001628280-23-009015.json","markdown":"https://secwatch.observer/filing/0001628280-23-009015.md","text":"https://secwatch.observer/filing/0001628280-23-009015.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1792781/000162828023009015/0001628280-23-009015-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1792781/000162828023009015/thi-20230323.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T19:01:12.991523+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4561a34bb25897ed079d2681c29782216d0e584a","claim":"Torrid Holdings Inc. reported the full year of fiscal 2022 results: revenue $1,288.1 million, net income $50.2 million, EPS $0.48 per share. Guidance initiated.","evidence_excerpt":"Net sales decreased 0.7% to $1,288.1 million compared to last fiscal year. Comparable sales 2 decreased 3.4% compared to last fiscal year. · Gross profit margin was 35.7% compared to 41.4% last fiscal year. · Net income was $50.2 million, or $0.48 per share, compared to net loss of $29.9 million, or a loss of $0.27 per share last fiscal year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1792781/000162828023009015/0001628280-23-009015-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full year of fiscal 2022"},{"label":"Revenue","value":"$1,288.1 million"},{"label":"Net income","value":"$50.2 million"},{"label":"EPS","value":"$0.48 per share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"a347f6ef719caffd0ff41c23ccdbd14cbe2ddad4","claim":"Torrid Holdings Inc. reported the fourth quarter of fiscal year 2022 results: revenue $301.2 million, net income $3.8 million, EPS $0.04 per share. Guidance initiated.","evidence_excerpt":"Net sales decreased 5.5% to $301.2 million compared to the fourth quarter of last year. Comparable sales 2 decreased 5.4% in the fourth quarter. · Gross profit margin was 31.9% and declined 70bps compared to 32.6% in the fourth quarter of last year. The decline was primarily driven by promotional events and higher inflationary costs, partially offset by higher royalties, profit-sharing and marketing and promotional funds we received associated with our private label credit card. · Net loss was $3.8 million, or a loss of $0.04 per share, compared to net loss of $22.8 million, or a loss of $0.21 per share in the fourth quarter of last year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1792781/000162828023009015/0001628280-23-009015-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter of fiscal year 2022"},{"label":"Revenue","value":"$301.2 million"},{"label":"Net income","value":"$3.8 million"},{"label":"EPS","value":"$0.04 per share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"41e99c05c6","claim":"Anne Stephenson resigned as Chief Merchandising and Product Officer at Torrid Holdings Inc..","evidence_excerpt":"On March 17, 2023, Ms. Anne Stephenson resigned from her position as Chief Merchandising and Product Officer of the Company effective as of March 23, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1792781/000162828023009015/0001628280-23-009015-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Merchandising and Product Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}