Highest-materiality recent filing
Torrid Q1 net sales $245.8M (beat guide); net income $0.4M (down 93% YoY)
Net sales of $245.8M, down 7.6% YoY; comparable sales down 1.7%.
Torrid shareholders elect Killion and Shaffer, approve say-on-pay and auditor at annual meeting
Theophlius Killion elected as Class II director with 68,764,472 votes for; Michael A. Shaffer with 73,128,458.
Torrid appoints Ashlee Wheeler as Chief Commercial Officer effective Apr 1, 2026
Ashlee Wheeler, age 41, promoted from Chief Planning & Strategy Officer to CCO.
Torrid Q4 net loss $8.1M, sales down 14.3%; FY2025 net loss $7.0M, closes 151 stores
Q4 net sales $236.2M, down 14.3% YoY; comparable sales -10%.
Torrid Q3 net sales down 10.8%, net loss widens to $6.4M; cuts FY2025 outlook
Net sales $235.2M (down 10.8% YoY); comp sales -8.3%; gross margin 34.9% vs 36.1%.
Torrid Q2 net sales $262.8M (-7.7%), net income $1.6M, cuts FY guidance on tariffs
Net sales decreased 7.7% to $262.8M; comparable sales down 6.9%; net income $1.6M ($0.02 EPS) vs $8.3M ($0.08 EPS) last year.
Torrid extends ABL facility maturity to August 2030 via Fifth Amendment
Extended maturity of ABL credit facility from June 14, 2026 to August 1, 2030.
Torrid announces 10M-share secondary offering at $3.50 and $20M repurchase from Sycamore
Selling stockholders sold 10,000,000 shares (plus 1,500,000 option) at $3.50/share in secondary offering.
Underwritten public offering of 10,000,000 shares by selling stockholders; Torrid receives no proceeds.
Torrid Q1 net sales down 4.9% to $266M; net income falls to $5.9M from $12.2M YoY
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.
Torrid Holdings annual meeting elects directors, advisory say-on-pay approved, auditor ratified
Lisa M. Harper elected as Class I director with 81.1M votes for, 0 against, 749,912 abstentions.
Torrid Q4 net loss narrows to $3M; FY2025 guidance calls for $1.08-1.10B revenue
Q4 net sales $275.6M, down 6.1% YoY (prior year had $21.7M 53rd-week benefit); comp sales -0.8%.
Torrid Q3 net sales down 4.2% to $263.8M; guides Q4 Adjusted EBITDA $9-15M
Comparable sales fell 6.5% YoY; net loss narrowed to $1.2M from $2.7M.
Torrid terminates EVP & Chief Creative Officer Muñoz-Guzman; $5M in separation benefits
Elizabeth Muñoz-Guzman's employment terminated effective October 4, 2024.
Torrid Holdings selling stockholders offer 8M shares at $4 per share; company gets no proceeds
Selling stockholders offered 8,000,000 shares at $4.00 per share; underwriters can buy up to 1,200,000 additional shares.
Torrid launches secondary offering of 8M shares by selling stockholders
Selling stockholders offer 8,000,000 shares; 30-day underwriter option for 1,200,000 additional shares.
Torrid Q2 net sales $284.6M (-1.6% YoY); adjusted EBITDA $34.6M above guidance
Net sales $284.6M, down 1.6% YoY; comparable sales -0.8%, but regular price comps +6.4%.
Torrid Q1 net sales down 4.8% to $279.8M; gross margin expands 360 bps, adj EBITDA beats guidance
Net sales of $279.8M vs $293.9M YoY; comparable sales down 9% (vs -14% prior year).
Torrid names Hyon Park COO, promotes Ashlee Wheeler; CCO Mark Mizicko to retire
Hyon Park promoted from CTO to COO effective June 6, 2024; base salary $700k, bonus target 80%, equity award $150k.
Torrid Holdings annual meeting elects directors, approves executive compensation, ratifies auditor
Elected Dary Kopelioff and Valeria Rico Nikolov as Class III directors to serve until 2027 annual meeting.
Torrid Q4 net sales $293.5M (-2.6% YoY); initiates FY2024 guidance with adj. EBITDA $106-116M
Q4 net loss $4.1M, adjusted EBITDA $16.4M (5.6% margin); comparable sales down 9%.
Torrid Q3 net sales $275.4M, net loss $2.7M; raises FY revenue and EBITDA outlook
Net sales fell 8.3% YoY to $275.4M; comparable sales declined 8%.
Torrid Holdings appoints Paula Dempsey as permanent CFO, effective Dec 4
Paula Dempsey, previously Interim CFO, named EVP and CFO effective December 4, 2023.
Torrid Q2 net sales down 18.2% to $289.1M, net income falls to $6.6M, revises FY guidance
Net sales $289.1M (-18.2% YoY); comparable sales -18%; net income $6.6M ($0.06 EPS) vs $22.7M ($0.22) prior year.
Torrid reduces CCO Elizabeth Muñoz-Guzman's base salary to $700K, bonus target to 100%
Effective Aug 31, 2023, CCO's base salary reduced from $900,000 to $700,000.
Torrid Holdings annual meeting results: all proposals approved by shareholders
Elected Theophilus Killion and Michael Shaffer as Class II directors with ~92.1M for each.
Torrid Q1 sales down 11.8% to $293.9M; Adj EBITDA $38.3M, cuts FY guidance
Net sales $293.9M (-11.8% YoY); comparable sales down 14%.
Torrid CFO/COO Tim Martin resigns; Paula Dempsey named interim CFO
Tim Martin resigns as CFO and COO effective May 26, 2023, to pursue other opportunities.
Torrid Holdings enters separation agreement with Chief Merchandising Officer Anne Stephenson
Ms. Stephenson to receive six months base pay of $300,000 via salary continuation.
Torrid Q4 net sales $301.2M (down 5.5%), Adj EBITDA beat; FY23 guidance soft; CMO resigns.
Q4 net sales $301.2M (-5.5% YoY); net loss $3.8M ($0.04 loss/share); Adj EBITDA $16.4M, above guidance range.
Torrid Holdings announces departure of Chief Strategy Officer Michael Salmon
Michael Salmon, former CSO, entered a Separation Agreement on Jan 5, 2023.
Torrid Holdings ends Chief Strategy Officer Michael Salmon's appointment effective Jan 4, 2023
Michael Salmon's role as Chief Strategy Officer ended on January 4, 2023.
Torrid Q3 net sales $290M (-5.3%), adj. EBITDA $32.1M; lowers FY outlook
Net sales decreased 5.3% to $290.0M; comparable sales down 8%.
Torrid EVP People and Culture Kelly McGuire Diehl departs; separation agreement details disclosed
Separation pay of $450,000 through salary continuation for one year.
Torrid EVP People & Culture Kelly Diehl to depart Nov 1; Zeterberg assumes role
Kelly McGuire Diehl given notice her EVP People & Culture role ending; termination effective Nov 1, 2022.
Torrid Q2 net sales +2% to $340.9M, but gross margin drops 1010 bps; FY guidance reduced
Q2 net sales $340.9M (+2% YoY); comparable sales +1% vs +30% last year.
Torrid lowers Q2 FY2022 guidance; appoints Tim Martin as COO/CFO and Hyon Park as CTO
Net sales guidance cut to $335-340M from $350-360M; Adjusted EBITDA guidance cut to $49-51M from $53-58M.
Torrid beats Q1 net sales and EBITDA guidance but gross margin down 640 bps
Net sales $328.4M (+1% YoY) and Adj. EBITDA $51.8M (15.8% of sales) exceeded guidance.
Torrid shareholders reelect Lisa Harper and Stefan Kaluzny as directors, ratify PwC as auditor
Lisa Harper reelected with 93.98M votes for, 3.33M against, 1,650 abstentions.
Liz Muñoz transitions to Chief Creative Officer, focusing on product, design, and merchandising.
Torrid Q4 net sales up 5.5% but adjusted EBITDA drops 35%; FY2022 guidance below FY2021
Q4 net sales $313.9M (+5.5% YoY, +15.8% vs 2019); comparable sales +4.5%.
Torrid Holdings sets 2022 annual meeting for June 2; stockholder proposal deadline March 25
Annual meeting scheduled for June 2, 2022.
Q4 net sales expected $300M-$305M (prior $325M-$335M).
Torrid Holdings CFO George Wehlitz to retire at end of Q1 fiscal 2022
CFO George Wehlitz will retire at end of Q1 fiscal 2022; will remain through annual filings and serve as advisor.
Torrid Q3 net sales up 13% to $306.2M; adj. net income $27.8M; $100M buyback
Net sales $306.2M (+13% YoY); comparable sales +14%; gross margin 40.9% vs 35.4% last year.
Torrid appoints Valeria Rico Nikolov as independent director
Valeria Rico Nikolov appointed to Torrid board as independent director effective September 24, 2021.
Torrid Q2 net sales up 34% YoY to $332.9M; adj EBITDA rose 153% to $86.5M
Net sales $332.9M, +34% YoY and +29% vs Q2 2019; comparable sales +30% YoY.
Torrid Holdings prices IPO at $21/share, sells 12.65M shares from existing stockholders
IPO priced at $21.00 per share; selling stockholders sold 12.65M shares after full exercise of underwriters' option.
On October 4, 2024, the employment of Ms. Elizabeth Muñoz-Guzman, the Executive Vice President and Chief Creative Officer of Torrid Holdings Inc. (the “Company”), was terminated, effective as of October 4, 2024
Executive Vice President and Chief Commercial Officer, Mr. Mark Mizicko notified the Board of Directors of his intent to retire from his position at the Company effective as of June 14, 2024.
Mr. Hyon Park, age 51, was appointed Chief Operating Officer of the Company effective as of June 6, 2024
Paula Dempsey was appointed as the Executive Vice President and Chief Financial Officer of the Company, effective as of December 4, 2023
On May 17, 2023, Torrid Holdings Inc. (the “Company”) issued a press release announcing, among other things, that on May 11, 2023, Mr. Timothy Martin resigned from his position as Chief Operating Officer and Chief Financial Officer of the Company, effective as of May 26, 2023.
On May 15, 2023, Ms. Paula Dempsey was appointed as Interim Chief Financial Officer of the Company, effective as of May 26, 2023.
On March 31, 2023, Ms. Anne Stephenson, the former Chief Merchandising and Product Officer of Torrid Holdings Inc. (the “Company”) entered into a Separation Agreement (the “Agreement”) with the Company.
On March 17, 2023, Ms. Anne Stephenson resigned from her position as Chief Merchandising and Product Officer of the Company effective as of March 23, 2023.
On January 5, 2023, Mr. Michael Salmon, the former Chief Strategy Officer of Torrid Holdings Inc. (the “Company”) entered into a Separation Agreement (the “Agreement”) with the Company.
On January 3, 2023, Mr. Michael Salmon was given notice that his appointment as Chief Strategy Officer of Torrid Holdings Inc. (the “Company”) was ending.
On November 22, 2022, Ms. Kelly McGuire Diehl former Executive Vice President, People and Culture of Torrid Holdings Inc. (the “Company”) entered into a Separation Agreement
On October 4, 2022, Ms. Kelly McGuire Diehl was given notice that her appointment as Executive Vice President, People and Culture of Torrid Holdings Inc. (the “Company”) was ending.
Max materiality 0.80 · Median 0.65 · Most common event earnings