---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-021276"
form_type: "8-K"
ticker: "CURV"
cik: "0001792781"
company_name: "Torrid Holdings Inc."
filed_at: "2023-06-07T23:59:59+00:00"
generated_at: "2026-06-14T05:59:05.214312+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Torrid Q1 sales down 11.8% to $293.9M; Adj EBITDA $38.3M, cuts FY guidance

## Summary
- Net sales $293.9M (-11.8% YoY); comparable sales down 14%.
- Net income $11.8M ($0.11 EPS) vs $24.1M ($0.23 EPS) YoY; Adj EBITDA $38.3M (13.0% of sales).
- Q2 FY2023 guidance: net sales $280M-$295M, Adj EBITDA $32M-$38M.
- Full year FY2023 guidance: net sales $1,095M-$1,145M, Adj EBITDA $115M-$130M, 30-40 new stores.
- Gross margin 37.7% down 134 bps; store count 638 at quarter end.

## SEC filing metadata
- accession: 0001628280-23-021276
- form_type: 8-K
- ticker: CURV
- cik: 0001792781
- company_name: Torrid Holdings Inc.
- filed_at: 2023-06-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1792781/000162828023021276/0001628280-23-021276-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1792781/000162828023021276/thi-20230607.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-021276
- JSON: https://secwatch.observer/filing/0001628280-23-021276.json
- Plain text: https://secwatch.observer/filing/0001628280-23-021276.txt

## Key facts
- Earnings Releases
  Torrid Holdings Inc. reported first quarter of fiscal year 2023 results: revenue $293.9 million, net income $11.8 million, EPS $0.11 per share. Guidance reaffirmed.
  - Period: first quarter of fiscal year 2023
  - Revenue: $293.9 million
  - Net income: $11.8 million
  - EPS: $0.11 per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: which we believe will position us to deliver consistent growth over the long-term.” Financial Highlights for the First Quarter of Fiscal 2023 · Net sales decreased 11.8% to $293.9 million compared to $333.2 million for the first quarter of last year. Comparable sales (2) decreased 14% in the first quarter. · Gross profit margin was 37.7% compared to 39.0% in the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1792781/000162828023021276/0001628280-23-021276-index.htm

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