secwatch.observer — SEC 8-K summary
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Issuer:     Torrid Holdings Inc. (CURV)
CIK:        0001792781
Form:       8-K
Filed at:   2023-09-06T23:59:59+00:00
Accession:  0001628280-23-031538
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Torrid Q2 net sales down 18.2% to $289.1M, net income falls to $6.6M, revises FY guidance
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- Net sales $289.1M (-18.2% YoY); comparable sales -18%; net income $6.6M ($0.06 EPS) vs $22.7M ($0.22) prior year.
- Adjusted EBITDA $32.2M (11.1% margin) vs $52.1M (14.7%) YoY; gross margin declined 168 bps to 35.5%.
- Q3 guidance: net sales $242-251M, adjusted EBITDA $11-15M; FY23 guidance: net sales $1.080-1.115B, adj. EBITDA $90-100M.
- Capex expected $35-40M for 30-40 new stores and tech; store count 639 at quarter end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1792781/000162828023031538/0001628280-23-031538-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1792781/000162828023031538/thi-20230906.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-031538

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