Business
Torrid Reports Fourth Quarter and Fiscal 2024 Results and Initiates Fiscal 2025 Guidance
CITY OF INDUSTRY, Calif., March 20, 2025--Torrid Holdings Inc. ("Torrid" or the "Company") (NYSE: CURV), a direct-to-consumer apparel, intimates, and accessories brand in North America for women sizes 10 to 30, today announced its financial results for the quarter ended February 1, 2025.
About this update from Torrid Holdings Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"Delivered Fourth Quarter Net Sales above guidance","length":49,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Fourth Quarter Net Loss of $3.0 million compared to prior year’s Net Loss of $4.1 million","length":89,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Exceeded Fourth Quarter Adjusted EBITDA(1) guidance","length":51,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Financial condition strong with year-end cash of $48.5 million and liquidity of $158.0 million","length":94,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Initiates Fiscal 2025 Guidance","length":30,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":313,"olType":false},{"type":"text","content":"CITY OF INDUSTRY, Calif., March 20, 2025--(BUSINESS WIRE)--Torrid Holdings Inc. ("Torrid" or the "Company") (NYSE: CURV), a direct-to-consumer apparel, intimates, and accessories brand in North America for women sizes 10 to 30, today announced its financial results for the quarter ended February 1, 2025.","length":325,"tagName":"p"},{"type":"text","content":"Lisa Harper, Chief Executive Officer, stated, "We successfully closed fiscal 2024 with positive results, fueled by product innovation in our core assortment and strong customer response to the launch of our high-growth, higher margin sub-brands. Thoughtful growth of our well received sub-brands set the stage for elevated, new and younger customer engagement, incremental lifestyle purchases, as well as creating a halo effect across the business. Combining our successful sub-brand assortment initiatives with our commitment to modernizing and evolving our core Torrid offerings gives me great confidence in the long-term health and growth prospects of our business."","length":679,"tagName":"p"},{"type":"text","content":"Harper continued, "As we enter 2025, our strategic priorities are clear: enhancing our product assortment, driving customer growth, and executing our store optimization plan. Our ongoing store optimization strategy includes balancing our fleet, enhancing store economics, refreshing store environments, and aligning our sales channels more closely with customer demand—allowing us to further accelerate customer growth."","length":430,"tagName":"p"},{"...