secwatch.observer — SEC 8-K summary
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Issuer:     Torrid Holdings Inc. (CURV)
CIK:        0001792781
Form:       8-K
Filed at:   2025-06-05T23:59:59+00:00
Accession:  0001628280-25-029652
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Torrid Q1 net sales down 4.9% to $266M; net income falls to $5.9M from $12.2M YoY
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- Net sales $266.0M (-4.9% YoY); comparable sales -3.5%; net income $5.9M ($0.06 EPS) vs $12.2M ($0.12 EPS) prior year.
- Gross margin 38.1% vs 41.3% YoY; Adjusted EBITDA $27.1M (10.2% of sales) vs $38.2M (13.7%).
- Plans to close up to 180 underperforming stores in FY2025; store count at quarter end 632.
- Full-year FY2025 guidance: net sales $1.030-1.055B, Adjusted EBITDA $95-105M, capex $10-15M.
- Net tariff impact of $20M to be fully offset; pausing China-sourced shoe category with $40-45M revenue reduction, neutral EBITDA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1792781/000162828025029652/0001628280-25-029652-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1792781/000162828025029652/thi-20250605.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-029652

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