Torrid (NYSE:CURV) Issues Earnings Results

Torrid (NYSE:CURV) announced its quarterly earnings results on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.08, FiscalAI reports. The firm had revenue of $231.73 million for the quarter, compared to analyst estimates of $237.24 million.

Here are the key takeaways from Torrid’s conference call:

• Q2 sales declined 6.3% year over year to $231.7 million, but management said trends improved materially during the quarter and comparable sales returned to positive growth in July, continuing into August.
• Torrid maintained its underlying full-year outlook of $940 million-$960 million in sales and $65 million-$75 million of adjusted EBITDA excluding tariff benefits, while raising reported EBITDA guidance to $76 million-$86 million after recognizing an $11.1 million tariff refund.
• Customer-growth initiatives are gaining traction, with all 11 marketing channels improving in July, digital customer growth, stronger reactivation, and paid revenue rising at lower spending levels; the company plans to increase second-half digital marketing investment by roughly $1 million versus its original plan.
• Sub-brands grew approximately 74% year to date and are expected to reach $110 million in fiscal 2026, while marketplace expansion to Macy’s, Target, and Walmart is intended to add new customers; a dedicated Festi campaign is planned for September.
• Store closures and tighter inventory management are generating savings and improving cash flow, with $22 million of the planned $40 million in 2026 savings realized through the first half; footwear is also expected to shift from a sales headwind to a revenue and margin tailwind in the second half.

Torrid Price Performance

NYSE CURV opened at $2.22 on Friday. Torrid has a 12 month low of $0.94 and a 12 month high of $2.86. The firm has a market capitalization of $220.93 million, a PE ratio of -18.50 and a beta of 0.84. The company’s 50 day simple moving average is $2.23 and its 200 day simple moving average is $1.81.

Hedge Funds Weigh In On Torrid

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fund 1 Investments LLC increased its position in shares of Torrid by 0.9% during the 4th quarter. Fund 1 Investments LLC now owns 9,904,856 shares of the company’s stock valued at $9,691,000 after purchasing an additional 90,000 shares during the period. Nomura Holdings Inc. lifted its holdings in shares of Torrid by 94.8% in the third quarter. Nomura Holdings Inc. now owns 6,233,022 shares of the company’s stock valued at $10,908,000 after buying an additional 3,034,083 shares during the period. Bank of America Corp DE lifted its holdings in shares of Torrid by 191.1% in the second quarter. Bank of America Corp DE now owns 1,917,793 shares of the company’s stock valued at $5,657,000 after buying an additional 1,258,934 shares during the period. Vanguard Group Inc. boosted its stake in Torrid by 13.3% during the third quarter. Vanguard Group Inc. now owns 1,310,698 shares of the company’s stock valued at $2,294,000 after buying an additional 153,973 shares in the last quarter. Finally, Citadel Advisors LLC grew its holdings in Torrid by 10.0% during the third quarter. Citadel Advisors LLC now owns 874,608 shares of the company’s stock worth $1,531,000 after acquiring an additional 79,357 shares during the period. 81.82% of the stock is owned by institutional investors.

More Torrid News

Here are the key news stories impacting Torrid this week:

• Positive Sentiment: Management said sales trends improved meaningfully during the quarter, with July representing a clear inflection point. The company’s customer-growth initiatives, including efforts to improve engagement and retention, helped support a stronger rebound in the second half of the quarter. Torrid Turns a Corner: Strong Rebound in Q2 2026 Driven by Customer Growth Agenda
• Positive Sentiment: Torrid reported second-quarter adjusted EPS of $0.05, exceeding the consensus estimate for a $0.03 loss. The company also projected fiscal 2026 adjusted EBITDA of $76 million to $86 million, indicating continued focus on profitability and cash generation. Torrid Reports Second Quarter 2026 Results and Updates Fiscal 2026 Guidance
• Positive Sentiment: Third-quarter revenue guidance of $230 million to $235 million is slightly above the $229.7 million analyst consensus. Torrid is also targeting $110 million in sales from its sub-brand portfolio, providing an additional growth opportunity. Torrid FY2026 EBITDA and Sub-Brand Sales Outlook
• Neutral Sentiment: Second-quarter revenue was $231.73 million, below the $237.24 million consensus estimate. Reports differed on the earnings measure: adjusted EPS beat expectations, while another report cited a $0.04 quarterly loss versus the expected $0.03 loss. Torrid Holdings Reports Q2 Loss
• Negative Sentiment: Fiscal 2026 revenue guidance of $940 million to $960 million is well below the $986.5 million consensus estimate, signaling that the broader sales recovery may take longer than analysts expected. Torrid Holdings Releases Q2 2026 Financial Results

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CURV. BTIG Research reiterated a “neutral” rating on shares of Torrid in a research report on Friday, June 5th. Morgan Stanley restated an “equal weight” rating and issued a $1.80 target price on shares of Torrid in a research report on Monday, July 6th. Wall Street Zen upgraded shares of Torrid from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Zacks Research cut Torrid from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Torrid in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $1.64.

About Torrid

Torrid, trading under the ticker CURV on the New York Stock Exchange, is a specialty retailer focused on plus-size women’s fashion. Established in 2001 as a division of Hot Topic, Torrid has built its reputation on offering trend-driven apparel and accessories designed specifically for women who wear size 10 to 30. The company’s product assortment spans casual wear, denim, activewear, intimates, footwear, and fashion‐forward accessories, catering to a demographic that has historically been underserved by mainstream retailers.

Over the years, Torrid has expanded from its early mall‐based store footprint to become a multichannel business.