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Torrid Holdings
(NYSE:CURV)
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Rating:49Neutral
Price Target:
$2.50
▲(14.16% Upside)
Action:Reiterated
Date:09/06/26
The score is held back primarily by weak financial performance (declining TTM revenue, net losses, negative free cash flow, and persistently negative equity). Technicals provide some support as the stock is trading above key moving averages with moderate momentum. Earnings-call tone and guidance are a partial offset due to signs of improving trends and planned margin expansion, but a meaningful portion of the EBITDA uplift is tied to a tariff refund benefit and near-term fundamentals remain pressured.
Positive Factors
Sub-brand growth
Rapid sub-brand growth shows Torrid is extending beyond its traditional core while increasing the number of products and customer occasions it can address. If sustained, the broader portfolio can support customer engagement, diversify demand, and create a durable source of revenue growth.
Negative Factors
Declining sales
The sales decline indicates that Torrid is still struggling to generate consistent demand across its existing business. Persistently negative comparable sales can reduce operating leverage, weaken purchasing efficiency, and make the company's planned margin expansion more dependent on cost actions.
Read all positive and negative factors
Positive Factors
Negative Factors
Sub-brand growth
Rapid sub-brand growth shows Torrid is extending beyond its traditional core while increasing the number of products and customer occasions it can address. If sustained, the broader portfolio can support customer engagement, diversify demand, and create a durable source of revenue growth.
Read all positive factors
Torrid Holdings (CURV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$242.83M
Dividend YieldN/A
Average Volume (3M)360.84K
Price to Earnings (P/E)―
Beta (1Y)0.13
Revenue Growth-11.16%
EPS Growth-384.28%
CountryUS
Employees5,685
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Retail
Share Statistics
EPS (TTM)-0.09
Shares Outstanding99,520,380
10 Day Avg. Volume574,512
30 Day Avg. Volume360,838
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$2.50Price Target Upside14.16% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)-0.02
Revenue Forecast (FY)$951.94M
Torrid Holdings Business Overview & Revenue Model
Company Description
Torrid Holdings Inc. is a North American retailer specializing in plus-size women's clothing and undergarments. The company oversees the complete product lifecycle, from conceptualization and development to merchandising, for its items marketed un...
How the Company Makes Money
Torrid primarily makes money by selling plus-size apparel and related products directly to consumers (DTC) through two main channels: (1) its e-commerce platform, where customers purchase merchandise online for delivery and other digital-fulfillme...
Torrid Holdings Earnings Call Summary
Earnings Call Date:Sep 03, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Dec 09, 2026
Earnings Call Sentiment Positive
The call was predominantly optimistic. Management highlighted a positive July inflection, improving August momentum, stronger marketing productivity, sub-brand growth, app and marketplace expansion, store-optimization savings, and maintained or raised guidance. These positives were partly offset by the 6.3% second-quarter comparable-sales decline, the difficult June environment, lower gross margin excluding the tariff benefit, the remaining footwear headwind, prior organic-search erosion, and a historically contracting customer file.Positive Updates
Second-Quarter EBITDA In Line With Guidance
Net sales were $231.7 million and adjusted EBITDA was $23.3 million, or $12.1 million excluding the tariff refund benefit, in line with the company's guidance range.
Negative Updates
Second-Quarter Net Sales and Comparable Sales Decline
Second-quarter net sales were $231.7 million versus $262.8 million a year ago, while comparable sales declined 6.3%.
Read all updates
Q2-2026 Updates
Positive
Negative
Second-Quarter EBITDA In Line With Guidance
Net sales were $231.7 million and adjusted EBITDA was $23.3 million, or $12.1 million excluding the tariff refund benefit, in line with the company's guidance range.
Read all positive updates
Company Guidance
For fiscal 2026, Torrid continues to project net sales of $940 million to $960 million and expects adjusted EBITDA of $76 million to $86 million, or $65 million to $75 million excluding the $11.1 million tariff refund benefit, representing a margin expansion of up to 140 basis points versus fiscal 2025; marketing is expected to be approximately 5.5% of sales, the outlook assumes tariffs of 12% to 15% in the back half of the year and does not contemplate any further tariff volatility, and the company expects approximately $40 million of expense savings, with approximately $22 million realized through the first half. For the third quarter, Torrid expects net sales of $230 million to $235 million and adjusted EBITDA of $15 million to $20 million; for the fourth quarter, it expects EBITDA margin to improve compared to last year, with EBITDA margin improvement split roughly evenly, about half from gross margin expansion and half from SG&A leverage. The company estimates an additional tranche of refunds at $1.5 million to $2.5 million, which is not yet included in guidance, and expects capital expenditure of $8 million to $10 million.Torrid Holdings Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
28
Negative
Cash Flow
22
Negative
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 948.85M | 1.00B | 1.10B | 1.15B | 1.29B | 1.28B |
| Gross Profit | 329.64M | 347.96M | 413.47M | 405.98M | 459.54M | 518.97M |
| EBITDA | 60.96M | 91.75M | 135.05M | 90.64M | 181.06M | 123.78M |
| Net Income | -8.95M | -7.03M | 16.32M | 11.62M | 50.21M | -29.94M |
Balance Sheet | ||||||
| Total Assets | 371.45M | 400.34M | 488.44M | 476.95M | 527.26M | 578.50M |
| Cash, Cash Equivalents and Short-Term Investments | 22.00M | 20.02M | 48.52M | 11.73M | 13.57M | 29.02M |
| Total Debt | 417.49M | 438.25M | 466.63M | 511.28M | 547.43M | 595.18M |
| Total Liabilities | 577.26M | 613.75M | 679.53M | 688.66M | 757.49M | 836.82M |
| Stockholders Equity | -205.81M | -213.41M | -191.09M | -211.72M | -230.22M | -258.32M |
Cash Flow | ||||||
| Free Cash Flow | -13.27M | -21.86M | 63.00M | 16.77M | 29.94M | 103.67M |
| Operating Cash Flow | -677.00K | -13.01M | 77.39M | 42.77M | 53.31M | 121.22M |
| Investing Cash Flow | -12.60M | -8.85M | -14.39M | -26.00M | -23.37M | -17.55M |
| Financing Cash Flow | 13.93M | -7.18M | -24.50M | -18.52M | -45.12M | -197.81M |
Torrid Holdings Technical Analysis
Positive
2.19
Price Trends
2.24
Positive
1.98
Positive
1.62
Positive
Market Momentum
>-0.01
Negative
58.61
Neutral
57.83
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 2.19 is below the 20-day moving average (MA) of 2.23, below the 50-day MA of 2.24, and above the 200-day MA of 1.62, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 58.61 is Neutral, neither overbought nor oversold. The STOCH value of 57.83 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | $6.01B | 17.10 | 45.94% | ― | 10.35% | 146.52% | |
65 Neutral | $406.95M | -21.20 | -9.35% | ― | 4.66% | 68.21% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | $298.73M | 14.37 | 16.83% | 1.26% | -2.59% | -39.23% | |
56 Neutral | $323.21M | 0.96 | 95.71% | ― | 0.40% | 5804.60% | |
49 Neutral | $242.83M | -26.99 | 4.27% | ― | -11.16% | -384.28% | |
42 Neutral | $51.77M | -8.67 | -3.39% | 15.08% | -1.10% | 70.99% |
* Consumer Cyclical Sector Average
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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.