secwatch.observer — SEC 8-K summary
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Issuer:     Torrid Holdings Inc. (CURV)
CIK:        0001792781
Form:       8-K
Filed at:   2023-06-07T23:59:59+00:00
Accession:  0001628280-23-021276
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1792781/000162828023021276/0001628280-23-021276-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1792781/000162828023021276/thi-20230607.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-021276

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