---
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"
generated_at: "2026-06-17T19:01:12.991523+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Torrid Q4 net sales $301.2M (down 5.5%), Adj EBITDA beat; FY23 guidance soft; CMO resigns.

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-009015
- JSON: https://secwatch.observer/filing/0001628280-23-009015.json
- Plain text: https://secwatch.observer/filing/0001628280-23-009015.txt

## Key facts
- Earnings Releases
  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.
  - Period: the full year of fiscal 2022
  - Revenue: $1,288.1 million
  - Net income: $50.2 million
  - EPS: $0.48 per share
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1792781/000162828023009015/0001628280-23-009015-index.htm
- Earnings Releases
  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.
  - Period: the fourth quarter of fiscal year 2022
  - Revenue: $301.2 million
  - Net income: $3.8 million
  - EPS: $0.04 per share
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1792781/000162828023009015/0001628280-23-009015-index.htm
- Executive change
  Anne Stephenson resigned as Chief Merchandising and Product Officer at Torrid Holdings Inc..
  - Action: resigned
  - Role: Chief Merchandising and Product Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1792781/000162828023009015/0001628280-23-009015-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.