Torrid Holdings Inc is a retailer specializing in fashionable and stylish apparel designed specifically for women sizes 10 to 30
The company offers a diverse range of products, including clothing, activewear, and accessories that cater to confident and trendy plus-size customers. Torrid aims to create a welcoming shopping environment that celebrates body positivity and inclusivity, featuring both brick-and-mortar stores and a robust online presence to reach a broader audience. Through its unique designs and commitment to customer experience, Torrid is dedicated to empowering women to express their individuality through fashion.
What a brutal six months it’s been for Torrid. The stock has dropped 31% and now trades at $4.86, rattling many shareholders. This was partly due to its softer quarterly results and might have investors contemplating their next move.
Shares of women’s plus-size apparel retailer Torrid Holdings (NYSECURV)
fell 33.9% in the morning session after the company reported weak third-quarter results, which missed analysts' revenue and EBITDA expectations. Its full-year revenue and EBITDA guidance also fell short of Wall Street's estimates. The company observed soft sales trends in late September, which continued through October. Macroeconomic pressures, such as constrained consumer spending and adverse weather events, also created a difficult operating environment. Looking ahead, management emphasizes the need for more innovative and diversified product strategies to adapt to shifting consumer preferences. Overall, this was a weaker quarter.
Women’s plus-size apparel retailer Torrid Holdings (NYSECURV) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 4.2% year on year to $263.8 million. Next quarter’s revenue guidance of $262.5 million underwhelmed, coming in 9.3% below analysts’ estimates. Its GAAP loss of $0.01 per share was significantly below analysts’ consensus estimates.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Torrid (NYSECURV) and the best and worst performers in the apparel retailer industry.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Tilly's (NYSETLYS) and the best and worst performers in the apparel retailer industry.
