Torrid Holdings (CURV)
NYSE:CURV
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Torrid Holdings
(NYSE:CURV)
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Rating:48Neutral
Price Target:
$1.50
▼(-31.82% Downside)
Action:Reiterated
Date:06/06/26
The score is held down primarily by weak financial quality (negative equity, declining TTM performance, and inconsistent cash flow). This is partly offset by a more constructive earnings outlook focused on cost savings and H2 growth drivers, while technicals and valuation remain only neutral-to-weak.
Positive Factors
Sub‑brand & OPP Growth
Rapid sub-brand expansion and a strong opening‑price-point mix broaden Torrid's owned‑brand assortment and addressable market. Moving sub-brands from ~7% to an expected ~12% of sales and OPP at ~30% supports conversion, diversifies revenue sources, and can sustain higher unit demand and healthier product margins over time.
Negative Factors
Negative shareholders' equity
A persistent equity deficit materially limits financial flexibility and increases solvency risk. Negative equity constrains access to unsecured capital, tightens lender covenants and makes the company more vulnerable to shocks; long‑term recovery depends on sustained profitability to rebuild the capital base.
Read all positive and negative factors
Positive Factors
Negative Factors
Sub‑brand & OPP Growth
Rapid sub-brand expansion and a strong opening‑price-point mix broaden Torrid's owned‑brand assortment and addressable market. Moving sub-brands from ~7% to an expected ~12% of sales and OPP at ~30% supports conversion, diversifies revenue sources, and can sustain higher unit demand and healthier product margins over time.
Read all positive factors
Torrid Holdings (CURV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$138.30M
Dividend YieldN/A
Average Volume (3M)372.04K
Price to Earnings (P/E)―
Beta (1Y)0.25
Revenue Growth-10.09%
EPS Growth-232.12%
CountryUS
Employees1,810
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Retail
Share Statistics
EPS (TTM)-0.12
Shares Outstanding99,498,474
10 Day Avg. Volume377,027
30 Day Avg. Volume372,042
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)-0.55
Price to Sales (P/S)0.12
P/FCF Ratio-5.34
Enterprise Value/Market Cap4.16
Enterprise Value/Revenue0.59
Enterprise Value/Gross Profit1.73
Enterprise Value/Ebitda11.85
Forecast
1Y Price Target
$1.67Price Target Upside-24.24% Downside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)-0.04
Revenue Forecast (FY)$951.14M
Torrid Holdings Business Overview & Revenue Model
Company Description
Torrid Holdings Inc. operates in women's plus-size apparel and intimates market in North America. The company designs, develops, and merchandises its products under the Torrid and Torrid Curve brand names. It is involved in the sale of tops, botto...
How the Company Makes Money
Torrid primarily makes money by selling plus-size women’s apparel and related merchandise to consumers through two main channels: (1) e-commerce/direct-to-consumer sales via its website and digital marketing, and (2) sales through its physical ret...
Torrid Holdings Earnings Call Summary
Earnings Call Date:Jun 04, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Sep 09, 2026
Earnings Call Sentiment Neutral
The call presented a mix of operational progress and near-term financial pain. Management beat near-term guidance, demonstrated marketing efficiency, strong sub-brand and OPP momentum, realized meaningful cost savings from store optimization, and laid out clear back-half growth drivers (including the return of footwear and casting call initiatives). However, the company reported year-over-year declines in net sales, gross profit, adjusted EBITDA and net income, faces tariff and freight uncertainty, and has a modest cash balance. Management expects recovery in the back half of the year and provided positive full-year guidance, but near-term profitability and macro/tariff risks temper the outlook.Positive Updates
Beat Guidance on Sales and EBITDA
Reported net sales of $246.0M for Q1, slightly above company guidance, and adjusted EBITDA of $17.6M, which came in at the high end of the guidance range.
Negative Updates
Year-over-Year Revenue and Profit Declines
Net sales declined from $260.0M to $246.0M (≈ -5.4% YoY). Adjusted EBITDA decreased to $17.6M from $27.1M (≈ -35% YoY) and EBITDA margin contracted to 7.2% from 10.2% (down ~300 basis points).
Read all updates
Q1-2026 Updates
Positive
Negative
Beat Guidance on Sales and EBITDA
Reported net sales of $246.0M for Q1, slightly above company guidance, and adjusted EBITDA of $17.6M, which came in at the high end of the guidance range.
Read all positive updates
Company Guidance
Management guided full‑year net sales of $940–$960 million and adjusted EBITDA of $65–$75 million (targeting margin expansion up to ~140 bps vs. FY25), with marketing ~5.5% of sales and capital expenditures of $8–$10 million (about half for store maintenance/refreshes); Q2 guidance is $232–$240 million in sales and $12–$16 million adjusted EBITDA. They expect to deliver approximately $40 million of expense savings from store optimization in FY26 (about $11 million realized in Q1), will close an additional 7–8 stores to substantially complete the program, and noted Q1 results of $246 million sales, $17.6 million adjusted EBITDA (7.2% margin), gross profit $86.8 million (35.3% margin), inventory $143 million (down 4.6% YoY), cash $22.8 million with $32.8 million drawn and total liquidity of $100 million. Management also disclosed sub‑brand growth planned ~60% to roughly $110 million (from $70M in 2025), OPP represented ~30% of apparel sales in Q1, and that expected tariff refunds of ~$9–11 million (plus $1.5–2.5M in a second tranche) are not included in guidance; assumptions embedded tariffs of 10% in H1 and 15% in H2 (with a 10% full‑year outcome providing offset to freight headwinds).Torrid Holdings Financial Statement Overview
Summary
Income Statement
36
Negative
Balance Sheet
18
Very Negative
Cash Flow
33
Negative
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 979.93M | 1.00B | 1.10B | 1.15B | 1.29B | 1.28B |
| Gross Profit | 333.38M | 347.96M | 413.47M | 405.98M | 459.54M | 518.97M |
| EBITDA | 48.57M | 90.87M | 57.21M | 90.64M | 181.06M | 123.78M |
| Net Income | -12.56M | -7.03M | 16.32M | 11.62M | 50.21M | -29.94M |
Balance Sheet | ||||||
| Total Assets | 402.52M | 400.34M | 488.44M | 476.95M | 527.26M | 578.50M |
| Cash, Cash Equivalents and Short-Term Investments | 22.84M | 20.02M | 48.52M | 11.73M | 13.57M | 29.02M |
| Total Debt | 140.09M | 436.48M | 466.63M | 511.28M | 547.43M | 595.18M |
| Total Liabilities | 614.44M | 613.75M | 679.53M | 688.66M | 757.49M | 836.82M |
| Stockholders Equity | -211.92M | -213.41M | -191.09M | -211.72M | -230.22M | -258.32M |
Cash Flow | ||||||
| Free Cash Flow | 4.39M | -21.86M | 63.00M | 16.77M | 29.94M | 103.67M |
| Operating Cash Flow | 16.18M | -13.01M | 77.39M | 42.77M | 53.31M | 121.22M |
| Investing Cash Flow | -11.79M | -8.85M | -14.39M | -26.00M | -23.37M | -17.55M |
| Financing Cash Flow | -5.40M | -7.18M | -24.50M | -18.52M | -45.12M | -197.81M |
Torrid Holdings Technical Analysis
Positive
2.20
Price Trends
1.69
Negative
1.45
Positive
1.46
Positive
Market Momentum
-0.03
Negative
55.86
Neutral
47.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CURV, the sentiment is Positive. The current price of 2.2 is above the 20-day moving average (MA) of 1.45, above the 50-day MA of 1.69, and above the 200-day MA of 1.46, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 55.86 is Neutral, neither overbought nor oversold. The STOCH value of 47.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CURV.
Torrid Holdings Risk Analysis
Torrid Holdings disclosed 42 risk factors in its most recent earnings report. Torrid Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Torrid Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $122.17M | -47.50 | -21.26% | ― | 1.69% | 93.35% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $443.13M | 20.10 | 3.68% | ― | 4.60% | ― | |
59 Neutral | $197.51M | 7.04 | 23.05% | 2.25% | -2.34% | -31.72% | |
57 Neutral | $396.16M | 19.51 | 4.41% | ― | 4.68% | 3252.79% | |
50 Neutral | $386.62M | 28.94 | 4.67% | ― | 10.48% | ― | |
48 Neutral | $138.30M | -12.98 | 3.50% | ― | -10.09% | -232.12% |
* Consumer Cyclical Sector Average
CURV
Torrid Holdings
1.64
-3.29
-66.73%
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ZUMZ
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JILL
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Torrid Holdings Corporate Events
Executive/Board ChangesShareholder Meetings
Torrid shareholders back directors, pay, and auditor choices
Positive
Jun 3, 2026
On June 2, 2026, Torrid Holdings Inc. held its annual meeting of stockholders, where shareholders elected Theophlius Killion and Michael A. Shaffer as Class II directors to serve until the 2029 annual meeting. The voting results showed strong supp...
Executive/Board Changes
Torrid Holdings Promotes Ashlee Wheeler to Chief Commercial Officer
Neutral
Apr 3, 2026
Effective April 1, 2026, Torrid Holdings Inc. appointed longtime executive Ashlee Wheeler, 41, as Chief Commercial Officer, elevating her from her current role as Chief Planning and Strategy Officer. Wheeler has spent roughly 15 years at Torrid in...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.