secwatch.observer — SEC 8-K summary
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Issuer:     Torrid Holdings Inc. (CURV)
CIK:        0001792781
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001628280-24-013618
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Torrid Q4 net sales $293.5M (-2.6% YoY); initiates FY2024 guidance with adj. EBITDA $106-116M
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- Q4 net loss $4.1M, adjusted EBITDA $16.4M (5.6% margin); comparable sales down 9%.
- Full year net sales $1.15B (-10.6%); net income $11.6M vs $50.2M; adj. EBITDA $106.2M.
- FY2024 outlook: net sales $1.135-1.155B, adj. EBITDA $106-116M, capex $20-25M.
- Q4 gross margin improved 250 bps to 34.5% on better product margins.
- Store count 655; opened 23 stores, closed 11 during Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1792781/000162828024013618/0001628280-24-013618-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1792781/000162828024013618/thi-20240328.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-013618

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