secwatch.observer — SEC 8-K summary
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Issuer:     Torrid Holdings Inc. (CURV)
CIK:        0001792781
Form:       8-K
Filed at:   2024-09-04T23:59:59+00:00
Accession:  0001628280-24-039222
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Torrid Q2 net sales $284.6M (-1.6% YoY); adjusted EBITDA $34.6M above guidance
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- Net sales $284.6M, down 1.6% YoY; comparable sales -0.8%, but regular price comps +6.4%.
- Gross margin expanded 323bps to 38.7% on lower product costs and higher full-price mix.
- Net income $8.3M ($0.08 EPS) vs $6.6M; adjusted EBITDA $34.6M (12.2% of sales) vs $32.2M.
- Inventory down 19% YoY; cash $53.9M; liquidity $153.8M.
- Q3 guidance: net sales $280-285M, adj. EBITDA $23-26M. FY24: net sales $1.135-1.145B, adj. EBITDA $110-116M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1792781/000162828024039222/0001628280-24-039222-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1792781/000162828024039222/thi-20240904.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-039222

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