secwatch.observer — SEC 8-K summary
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Issuer:     Torrid Holdings Inc. (CURV)
CIK:        0001792781
Form:       8-K
Filed at:   2025-12-03T23:59:59+00:00
Accession:  0001792781-25-000033
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Torrid Q3 net sales down 10.8%, net loss widens to $6.4M; cuts FY2025 outlook
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- Net sales $235.2M (down 10.8% YoY); comp sales -8.3%; gross margin 34.9% vs 36.1%.
- Net loss $6.4M ($0.06/share) vs $1.2M loss last year; Adjusted EBITDA $9.8M (4.2% of sales).
- FY2025 guidance: net sales $995M-$1.002B, Adj. EBITDA $59M-$62M, up to 180 store closures.
- Expects $50M tariff impact, $40M mitigated via sourcing/expense actions, leaving $10M exposure.
- Store count 560 after 74 closures YTD; total liquidity $103.4M including revolver.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1792781/000179278125000033/0001792781-25-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1792781/000179278125000033/thi-20251203.htm
  HTML page:      https://secwatch.observer/filing/0001792781-25-000033

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