Скачать или смотреть Torrid Holdings Inc. (NYSE: CURV) Q1 2025 Earnings Call | 6/6/2025

Torrid Holdings Inc. (NYSE: CURV) reported Q1 2025 results on June 5, 2025, with net sales of $266 million, down 4.9% year-over-year and below analyst expectations. Earnings per share (EPS) came in at $0.06, surpassing forecasts despite a decline from $0.12 a year ago. Gross profit margin fell to 38.1% from 41.3%, reflecting increased promotional activity and ongoing investments. Net income for the quarter was $5.9 million, down from $12.2 million last year, and adjusted EBITDA was $27.1 million (10.2% margin), compared to $38.2 million (13.7% margin) in Q1 2024.

Digital sales now account for nearly 70% of total demand, prompting Torrid to accelerate its transformation to a digitally-led business. The company plans to close up to 180 underperforming stores in 2025, aiming to reduce fixed costs and reinvest in customer acquisition and omnichannel enhancements. Sub-brands outperformed expectations, with further launches planned and a goal for sub-brands to represent nearly a third of the business by 2026. Comparable sales declined 3.5%, but management noted improving momentum as the quarter progressed, especially in dresses, denim, and non-denim bottoms.

Torrid ended the quarter with $23.7 million in cash and total liquidity of $141 million, with no borrowings under its revolving credit facility. Inventory rose 3.3% to $149.6 million, mainly due to timing of in-transit goods. The company expects to fully offset a $20 million net tariff impact in 2025 through discretionary cost reductions and store optimization. Full-year guidance was reiterated, with net sales expected between $1.03 billion and $1.055 billion and adjusted EBITDA of $95–$105 million. The company also paused its China-sourced shoe category, resulting in a $40–$45 million revenue reduction for the year.

CEO Lisa Harper emphasized the success of the sub-brand strategy, the shift to digital, and a disciplined approach to profitability and cost control. Management remains confident in the company’s ability to drive long-term growth and value through innovation, customer engagement, and operational agility.

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