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 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.
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 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 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 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 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 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 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.
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%.
Q4 net sales expected $300M-$305M (prior $325M-$335M).
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 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