BofA lowered the firm’s price target on Torrid (CURV) to $6 from $7 and keeps a Buy rating on the shares after the company reported Q2 EPS in line with consensus and lowered FY25 guidance due to an uncertain macro backdrop, margin pressure from tariffs and incremental marketing investments. The firm is lowering its FY25 and FY26 EBITDA estimates by 16% and 14%, respectively, due to margin pressures, but cites confidence in the longer-term sales turnaround strategy and earnings power for its Buy rating.
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Read More on CURV:
- Torrid Holdings: Strategic Initiatives and Growth Potential Justify Buy Rating Despite Mixed Results
- Strategic Initiatives and Market Positioning Justify Buy Rating for Torrid Holdings Amid Challenges
- Torrid reports Q2 EPS 2c, consensus 3c
- Torrid sees Q3 revenue $235M-$245M, consensus $259.4M
- Torrid sees FY25 revenue $1.015B-$1.03B, consensus $1.04B