CURV Torrid Holdings Inc.
Price Chart
Executive Summary
Torrid reported Q1 FY2026 net sales of $245.8M (-7.6% YoY) and net income of $0.4M (-93% YoY), both beating low consensus estimates (EPS $0.00 vs -$0.01; revenue $245.8M vs $239.9M). However, the headline decline in revenue and profitability, along with maintained fiscal year guidance, underscores ongoing turnaround challenges. Comparable sales improved to -1.7% vs -3.5% last year, but gross margin contracted to 35.3% from 38.1%.
Key Financial Metrics
Actionable Insight
The slight beat versus low consensus may offer a temporary floor, but the persistent sales decline and weak profitability point to ongoing structural headwinds. Monitor Q2 comparable sales and tariff impacts for signs of stabilization.
Key Facts
- Net sales decreased 7.6% YoY to $245.8M, slightly above guidance of $236M-$244M.
- Net income fell to $0.4M ($0.00 EPS) from $5.9M ($0.06 EPS) last year.
- Comparable sales improved to -1.7% from -3.5% in Q1 last year.
- Gross margin declined to 35.3% from 38.1%.
- Adjusted EBITDA of $17.6M was at the high end of guidance, down from $27.1M last year.
- Q2 FY2026 guidance: net sales $232M-$240M, Adjusted EBITDA $12M-$16M.
- Full year FY2026 guidance maintained: net sales $940M-$960M, Adjusted EBITDA $65M-$75M.
- Store count reduced by 20 to 463 as part of store optimization.
Financial Impact
Revenue decline of $20.2M YoY; net income drop of $5.5M; gross margin contraction of 280 bps.
Risk Factors
- Continued revenue decline and margin compression.
- Tariff volatility and consumer spending weakness.
- Execution risk in turnaround and store optimization.
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001792781-26-000030 |
| Document: thi-20260604.htm | 0001792781-26-000030 |
| Document: 0001792781-26-000030-index-headers.html | 0001792781-26-000030 |
| Document: 0001792781-26-000030-index.html | 0001792781-26-000030 |
| Document: 0001792781-26-000030.txt | 0001792781-26-000030 |
| 8-K Data (Synthetic) | 0001792781-26-000030 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 11, 2026
1d ago
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Institutional Cluster
| $1.73 awaiting T+20 | awaiting T+20 | — | $1.98 (−14.45%) |
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Jun 4, 2026
8d ago
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8-K
| $1.40 awaiting T+20 | awaiting T+20 | — | $1.98 (−41.43%) |
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Apr 20, 2026
7w ago
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DEFA14A
| $2.21 $1.34 | ▼ −39.37% | ▼ −44.28% | $1.98 (−10.41%) |
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Apr 3, 2026
10w ago
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8-K
| $1.82 $1.54 | ▼ −15.38% | ▼ −24.37% | $1.98 (+8.79%) |
US Market Status
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