Torrid Holdings (CURV)
NYSE:CURV
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Torrid Holdings
(NYSE:CURV)
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Rating:45Neutral
Price Target:
$1.50
▼(-31.82% Downside)
Action:Reiterated
Date:05/14/26
The score is held down primarily by weak financial performance (declining revenue, compressed margins/losses, negative 2026 cash flow, and negative equity). Technicals also remain bearish with the stock below key moving averages and negative MACD, though oversold readings provide only limited support. The earnings call adds a partial offset due to guided EBITDA improvement and cost-savings visibility, but this is tempered by lower sales guidance and notable near-term headwinds; valuation is constrained by a negative P/E and no dividend support.
Positive Factors
Loyalty & Reactivation Asset
A very high loyalty penetration and a large, owned lapsed file create durable, low‑cost growth optionality. Reactivating existing customers through owned channels materially lowers acquisition costs, supports repeat purchases, and can drive durable margin recovery as marketing normalizes.
Negative Factors
Multi‑Year Revenue Decline
A sustained top‑line contraction signals weakening demand or market share loss in core plus‑size apparel. Persistent revenue declines pressure scale economics, limit upside from fixed cost cuts, and constrain the runway for margin recovery absent durable demand improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Loyalty & Reactivation Asset
A very high loyalty penetration and a large, owned lapsed file create durable, low‑cost growth optionality. Reactivating existing customers through owned channels materially lowers acquisition costs, supports repeat purchases, and can drive durable margin recovery as marketing normalizes.
Read all positive factors
Torrid Holdings (CURV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$159.20M
Dividend YieldN/A
Average Volume (3M)372.04K
Price to Earnings (P/E)―
Beta (1Y)0.25
Revenue Growth-9.39%
EPS Growth-147.79%
CountryUS
Employees1,810
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Retail
Share Statistics
EPS (TTM)-0.07
Shares Outstanding99,498,474
10 Day Avg. Volume377,027
30 Day Avg. Volume372,042
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 Cap3.62
Enterprise Value/Revenue0.58
Enterprise Value/Gross Profit1.65
Enterprise Value/Ebitda7.63
Forecast
1Y Price Target
$1.67Price Target Upside-24.24% Downside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)-0.03
Revenue Forecast (FY)$951.15M
Torrid Holdings Business Overview & Revenue Model
Company Description
Torrid Holdings Inc. operates in women's plus-size apparel and intimates market in North America. The company designs, develops, and merchandises its products under the Torrid and Torrid Curve brand names. It is involved in the sale of tops, botto...
How the Company Makes Money
Torrid primarily makes money by selling plus-size women’s apparel and related merchandise to consumers through two main channels: (1) e-commerce/direct-to-consumer sales via its website and digital marketing, and (2) sales through its physical ret...
Torrid Holdings Earnings Call Summary
Earnings Call Date:Mar 19, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jun 04, 2026
Earnings Call Sentiment Neutral
The call communicated meaningful structural progress: the company hit full‑year revenue guidance, beat adjusted EBITDA targets, materially reduced the store footprint and operating expenses, improved inventory discipline, and launched successful assortment initiatives (sub‑brands and opening price point) that are driving early positive trends. However, near‑term top‑line pressures are significant — Q4 comparable sales were down 10%, Q4 adjusted EBITDA and gross margin materially contracted, and FY2026 revenue guidance is below FY2025. Management expects these headwinds to be offset over time by cost savings, assortment and marketing initiatives, and a back‑half recovery (including footwear). Overall, positive operational and margin levers are balancing substantial near‑term demand and tariff challenges, leaving the picture mixed but with a clear path to profitability improvements.Positive Updates
Full-Year Revenue and EBITDA Targets Met/Exceeded
Reached top end of 2025 net sales guidance at $1,000,000,000 and exceeded the high end of adjusted EBITDA guidance with $63,600,000 (≈6.4% margin).
Negative Updates
Year-over-Year Topline and Comparable Sales Decline
Q4 net sales declined to $236,200,000 from $275,600,000 (≈-14.3% YoY) and comparable sales declined 10% in Q4, reflecting ongoing demand and channel shift pressures.
Read all updates
Q4-2025 Updates
Positive
Negative
Full-Year Revenue and EBITDA Targets Met/Exceeded
Reached top end of 2025 net sales guidance at $1,000,000,000 and exceeded the high end of adjusted EBITDA guidance with $63,600,000 (≈6.4% margin).
Read all positive updates
Company Guidance
Management guided fiscal 2026 net sales of $940–$960 million and adjusted EBITDA of $65–$75 million (up to ~140 basis points of EBITDA margin expansion versus FY2025), with capital expenditures of $8–$10 million; first-quarter guidance is $236–$244 million in sales and $14–$18 million of adjusted EBITDA. They expect marketing to remain roughly 5.0–5.5% of net sales, plan to capture an incremental ~$40 million in annual expense savings as the store optimization finishes (up to ~30 more closures in H1 after 151 closures in 2025 that delivered ~$18.5 million of savings), and noted inventory of $136.5 million, $200 million of cash, $31 million drawn on the revolver and total liquidity of $84.9 million. Management also flagged a front-half headwind from the footwear pause (a ~260‑bp FY and ~460‑bp Q4 comp impact) with a benefit expected in H2, and highlighted growth initiatives including sub-brands targeting ~60% growth to ~$110 million (rising to ~12% of sales) and a 7 million‑customer lapsed pool that can be reactivated at roughly one‑third the cost of new paid acquisition.Torrid Holdings Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
28
Negative
Cash Flow
33
Negative
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.00B | 1.10B | 1.15B | 1.29B | 1.28B |
| Gross Profit | 347.96M | 413.47M | 405.98M | 459.54M | 518.97M |
| EBITDA | 90.87M | 57.21M | 90.64M | 181.06M | 123.78M |
| Net Income | -7.03M | 16.32M | 11.62M | 50.21M | -29.94M |
Balance Sheet | |||||
| Total Assets | 400.34M | 488.44M | 476.95M | 527.26M | 578.50M |
| Cash, Cash Equivalents and Short-Term Investments | 20.02M | 48.52M | 11.73M | 13.57M | 29.02M |
| Total Debt | 436.48M | 466.63M | 511.28M | 547.43M | 595.18M |
| Total Liabilities | 613.75M | 679.53M | 688.66M | 757.49M | 836.82M |
| Stockholders Equity | -213.41M | -191.09M | -211.72M | -230.22M | -258.32M |
Cash Flow | |||||
| Free Cash Flow | -21.86M | 63.00M | 16.77M | 29.94M | 103.67M |
| Operating Cash Flow | -13.01M | 77.39M | 42.77M | 53.31M | 121.22M |
| Investing Cash Flow | -8.85M | -14.39M | -26.00M | -23.37M | -17.55M |
| Financing Cash Flow | -7.18M | -24.50M | -18.52M | -45.12M | -197.81M |
Torrid Holdings Technical Analysis
Positive
2.20
Price Trends
1.71
Negative
1.43
Positive
1.48
Positive
Market Momentum
-0.05
Negative
53.88
Neutral
87.60
Negative
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 2.2 is above the 20-day moving average (MA) of 1.47, above the 50-day MA of 1.71, and above the 200-day MA of 1.48, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 53.88 is Neutral, neither overbought nor oversold. The STOCH value of 87.60 is Negative, 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | $395.02M | 11.53 | 2.52% | ― | 4.60% | ― | |
56 Neutral | $436.91M | 30.88 | 4.41% | ― | 4.48% | ― | |
55 Neutral | $197.66M | 6.82 | 23.05% | 2.25% | -2.34% | -31.72% | |
52 Neutral | $422.23M | 71.69 | 4.67% | ― | 8.88% | ― | |
51 Neutral | $105.94M | -7.70 | -21.26% | ― | -2.79% | 62.29% | |
45 Neutral | $159.20M | -22.57 | 3.50% | ― | -9.39% | -147.79% |
* Consumer Cyclical Sector Average
CURV
Torrid Holdings
1.60
-3.56
-68.99%
CTRN
Citi Trends
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19.53
73.75%
GCO
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38.37
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76.58%
TLYS
Tilly's
4.46
3.03
211.89%
ZUMZ
Zumiez
24.63
12.14
97.20%
JILL
JJill
12.67
-2.97
-18.97%
Torrid Holdings Corporate Events
Executive/Board Changes
Torrid Holdings Promotes Ashlee Wheeler to Chief Commercial Officer
Neutral
Apr 3, 2026
Effective April 1, 2026, Torrid Holdings Inc. appointed longtime executive Ashlee Wheeler, 41, as Chief Commercial Officer, elevating her from her current role as Chief Planning and Strategy Officer. Wheeler has spent roughly 15 years at Torrid in...
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.