Torrid Holdings (CURV)
NYSE:CURV
Want to see CURV full AI Analyst Report?
Earnings Data
Report Date
Sep 09, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.03Last Year’s EPS
0.02Same Quarter Last Year
Based on 5 Analysts Ratings
Earnings Call Summary
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.Company Guidance
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.
Comparable Sales Trending Favorably Ex-Footwear
Total-company comparable sales declined 1.7% year-over-year, but excluding footwear the company delivered a positive comparable sales result of +1.2%, indicating underlying strength outside the paused footwear assortment.
Strong Sub-Brand and Opening Price Point (OPP) Performance
Sub-brands grew 75% in Q1 and are planned to grow ~60% for the full year (targeting ~$110M in 2026 vs $70M in 2025), expanding from ~7% to an expected ~12% of total net sales. Opening price points represented ~30% of apparel sales in the quarter and drove conversion and category strength (dresses, knit tops, non-denim bottoms) at healthy product margins.
Marketing Efficiency and Customer File Initiatives
Paid media revenue grew on lower spend and marketing investment decreased by $0.8M to $14.5M in Q1; the company reported double-digit conversion growth and low-single-digit growth in units per transaction. Loyalty program captures over 90% of customers. Casting Call (reimagined) and direct mail showed proven acquisition and reactivation lift (Casting Call 2024: ~10k new customers, ~14k reactivations, +9 percentage points unaided awareness).
Store Optimization Delivering Cost Savings
Closed 20 stores in Q1, bringing the program to 171 total closures to date with 7–8 additional expected; realized approximately $11M of the targeted $40M of annual expense savings so far. SG&A declined $6.3M to $63.7M and SG&A as a percent of sales leveraged 40 basis points to 25.9%.
Inventory Discipline and Liquidity
Inventory declined 4.6% year-over-year to $143M, reflecting tighter receipt management and smaller store footprint. Company ended Q1 with $22.8M cash, $32.8M drawn on its revolver and total liquidity of approximately $100M.
Clear H2 Growth Drivers Identified
Management outlined three back-half growth drivers: (1) customer file growth initiatives (acquisition/reactivation/retention), (2) continued momentum from OPP to drive conversion and value perception, and (3) return of footwear assortment (historically ~ $50M annual business) which is expected to be a H2 tailwind.
Tariff Refunds Potentially Accretive
Company has received an initial portion of tariff refunds and expects $9M–$11M in the first phase and an additional $1.5M–$2.5M in a second phase; these recoveries are not included in current guidance and would be incremental if realized.
CURV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CURV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jun 04, 2026 | $1.39 | $1.64 | +17.99% |
Mar 19, 2026 | $1.25 | $1.60 | +28.00% |
Dec 03, 2025 | $1.31 | $1.13 | -13.74% |
Jun 05, 2025 | $4.98 | $4.93 | -1.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Torrid Holdings (CURV) report earnings?
Torrid Holdings (CURV) is schdueled to report earning on Sep 09, 2026, After Close (Confirmed).
What is Torrid Holdings (CURV) earnings time?
Torrid Holdings (CURV) earnings time is at Sep 09, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CURV EPS forecast?
CURV EPS forecast for the fiscal quarter 2026 (Q2) is -0.03.