Torrid Holdings Inc.
- Open
- 2.37
- Day high
- 2.39
- Day low
- 2.23
- Prev close
- 2.40
- Volume
- 192K
- Mkt cap
- $228M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- -1.1
- P/S
- 0.2
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$55K over the last 3 months (0 open-market buys, 2 sales)
- 🏛Institutions mixed (13F)
Torrid Holdings Inc. (CURV) is a Consumer Cyclical company listed on NYSE. The stock is up 4% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 2 sales (SEC Form 4).
Torrid Holdings Inc. (CURV) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CURV earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jun 4, 2026 | $-0.02 | $0.00 | +120.8% | $246M | +2.5% |
| Mar 19, 2026 | $-0.12 | $-0.08 | +33.3% | $236M | +2.2% |
| Dec 3, 2025 | $-0.01 | $-0.06 | -500.0% | $235M | +1.7% |
| Sep 4, 2025 | $0.04 | $0.02 | -50.0% | $263M | +2.2% |
| Jun 5, 2025 | $0.05 | $0.06 | +20.0% | $266M | -4.8% |
| Mar 20, 2025 | $-0.07 | $-0.03 | +57.1% | $276M | -0.5% |
| Dec 3, 2024 | $0.03 | $-0.01 | -133.3% | $264M | +0.3% |
| Sep 4, 2024 | $0.08 | $0.08 | +0.0% | $285M | +0.1% |
| Jun 12, 2024 | $0.07 | $0.12 | +71.4% | $280M | -0.1% |
| Dec 7, 2023 | $-0.05 | $-0.03 | +40.0% | $275M | +0.3% |
| Sep 6, 2023 | $0.11 | $0.06 | -45.5% | $289M | +0.8% |
| Jun 7, 2023 | $0.12 | $0.11 | -8.3% | $294M | +2.5% |
CURV insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 17, 2026 | Abaelu Chinweofficer: See Remarks | Sell | 24,401 | $2.16 |
| Jul 17, 2026 | Abaelu Chinweofficer: See Remarks | Sell | 1,000 | $2.29 |
| Jul 6, 2026 | Zeterberg Bridgett C.officer: See Remarks | Tax | 2,395 | $1.76 |
| Jul 6, 2026 | Park Hyon C.officer: Chief Operating Officer | Tax | 576 | $1.74 |
| Jul 6, 2026 | Wheeler Ashleeofficer: Chief Commercial Officer | Tax | 605 | $1.74 |
| May 7, 2026 | HARPER LISA Mdirector, officer: Chief Executive Officer | Tax | 7,052 | $1.53 |
| Apr 15, 2026 | Dempsey Paulaofficer: Chief Financial Officer | Sell | 42,785 | $2.06 |
| Apr 14, 2026 | Wheeler Ashleeofficer: Chief Commercial Officer | Sell | 30,013 | $1.98 |
| Apr 6, 2026 | Dempsey Paulaofficer: Chief Financial Officer | Tax | 2,363 | $1.82 |
| Apr 6, 2026 | Abaelu Chinweofficer: See Remarks | Tax | 2,487 | $1.82 |
| Apr 6, 2026 | Zeterberg Bridgett C.officer: See Remarks | Tax | 2,406 | $1.82 |
| Apr 6, 2026 | Wheeler Ashleeofficer: Chief Commercial Officer | Tax | 2,425 | $1.82 |
| Apr 6, 2026 | Park Hyon C.officer: Chief Operating Officer | Tax | 2,759 | $1.82 |
| Apr 2, 2026 | Abaelu Chinweofficer: See Remarks | Tax | 1,481 | $1.78 |
| Apr 2, 2026 | Wheeler Ashleeofficer: See remarks. | Tax | 743 | $1.78 |
Source: CURV SEC Form 4 filings, latest Jul 17, 2026. For informational purposes only — not investment advice.
See the full CURV insider & 13F page →Torrid Holdings Inc. company profile
Overview
Torrid Holdings Inc. (NYSE:CURV) is a specialty retailer focused on women's plus-size apparel and intimates in North America. Founded as a spin-off concept and incorporated in 2019, the company went public in July 2021. Torrid operates primarily under the Torrid brand name, with a smaller Torrid Curve concept, serving a customer base of approximately 3.9 million women. The company has built its business around addressing the underserved plus-size fashion market, operating both physical stores and e-commerce platforms across the United States, Puerto Rico, and Canada.
Business
Torrid operates in the women's plus-size apparel retail industry, a specialized segment within the broader fashion retail market. The plus-size apparel market has historically been underserved by mainstream fashion retailers, creating a niche opportunity for dedicated brands like Torrid. The company's core offering centers around fashionable clothing and accessories designed specifically for plus-size women, typically sizes 10-30. Their product portfolio includes tops, bottoms, dresses, denim, activewear, intimates, sleepwear, swimwear, and outerwear. Beyond apparel, Torrid also sells non-clothing items such as accessories, footwear, and beauty products. The company designs, develops, and merchandises all products under its own brand names. Torrid operates through two primary channels: physical retail stores and e-commerce. As of early 2024, the company operated approximately 624 stores across 50 U.S. states, Puerto Rico, and Canada. The digital channel represents about 60% of the business, reflecting the company's strong online presence and the shopping preferences of its customer base. The company has been expanding its product strategy through sub-brand launches, introducing specialized collections like Festi (boho-inspired), Nightfall (edgy, dark fashion), and Retro Chic (vintage-inspired) to attract younger customers and diversify its fashion aesthetics. These sub-brands are designed to broaden the company's appeal beyond its core customer base while maintaining focus on the plus-size market.
Revenue model
Torrid generates revenue primarily through direct product sales to consumers via two channels: retail stores and e-commerce platforms. The company operates on a traditional retail model where it purchases or manufactures inventory, marks it up, and sells it directly to end consumers. The company's customer base consists of plus-size women, with the average customer age currently around 42 years old, though the company is actively working to attract younger customers in their mid-30s. Torrid has built strong customer loyalty through its private label credit card program, which accounts for over 30% of total sales, and its loyalty program, which engages 93% of customers. Several factors influence Torrid's profitability margins. Positive margin drivers include the company's focus on private label merchandise which allows for better margin control, reduced inventory levels leading to fewer markdowns, improved vendor relationships that lower product costs, and the shift from clearance-heavy promotional strategies to more targeted promotions. The company has also been reducing its reliance on China sourcing, which provides more supply chain flexibility. Margin pressures come from the competitive retail environment requiring promotional activities, the need for constant product innovation and newness to drive traffic, freight and logistics costs, and the challenge of maintaining inventory levels that balance availability with markdown risk. The company's store portfolio optimization, including planned closures of underperforming locations, also creates near-term costs while potentially improving long-term profitability. The business model benefits from relatively predictable seasonal patterns, with stronger performance typically in back-to-school and holiday seasons, though the company has been working to reduce its dependence on heavy promotional periods.
Competitive moat
Torrid's competitive moat is moderate but specialized, built primarily around its focus on an underserved market segment. The company's main competitive advantage lies in its deep understanding of plus-size women's fashion needs and its established brand recognition within this demographic. With over 20 years of experience in this market, Torrid has developed expertise in fit, styling, and the specific preferences of plus-size customers that mainstream retailers often struggle to address effectively. The company's customer loyalty and data advantages provide some defensive characteristics. With 3.9 million customers in its database and high engagement rates through its loyalty program, Torrid has valuable insights into purchasing patterns and preferences. The private label credit card program, representing over 30% of sales, creates additional customer stickiness and provides financing options that enhance purchasing power. However, Torrid's moat faces several challenges. The barriers to entry in retail are relatively low, and larger retailers like Target, Walmart, and specialty online retailers have been expanding their plus-size offerings. The rise of direct-to-consumer brands and online-first retailers also creates competitive pressure. Additionally, the company's reliance on physical stores in an increasingly digital retail environment presents structural challenges. The company's recent strategic initiatives, including sub-brand launches and efforts to attract younger customers, suggest recognition that its traditional moat may be eroding. While Torrid maintains advantages in brand recognition and customer relationships within its niche, the competitive landscape is intensifying, and the company must continue innovating to maintain its market position.
Risks & safety
Torrid's margin of safety appears constrained with several financial concerns, though the company maintains operational cash generation. • Liquidity and Debt: Cash position of $48.5 million is relatively low given the business scale. Current ratio of 0.86 indicates working capital pressure. The company carries significant debt with a debt-to-equity ratio of -2.44, though this reflects negative book value rather than excessive borrowing. • Valuation Metrics: Trading at EV/EBITDA of 12.8x based on recent EBITDA of $22.6 million. Price-to-book ratio of -3.86 reflects negative shareholders' equity of approximately -$191 million. The negative book value significantly limits traditional value-based safety margins. • Cash Flow: Positive free cash flow of $10.2 million in Q4 2024, with full-year operating cash flow of $77.4 million providing some operational stability. However, this represents a significant decline from historical levels. • Other Considerations: Revenue declining from $1.29 billion in 2022 to $1.10 billion in 2024. Store closure program (40-50 locations planned) may provide cost savings but indicates market challenges. The company's transformation strategy creates execution risk during a period of financial constraint.
Recent development
Over the past few years, Torrid has undergone significant strategic transformation under returning CEO Lisa Harper. The company has shifted from a promotional-heavy strategy to a more margin-focused approach, dramatically reducing clearance sales and implementing more targeted promotional strategies. This has resulted in gross margin expansion from around 35.7% to over 40% in recent quarters. A key strategic pivot has been the launch of multiple sub-brands designed to attract younger customers and diversify the fashion aesthetic. The company introduced Festi (boho-inspired), Nightfall (edgy, dark fashion), and Retro Chic (vintage-inspired) collections, with early results showing strong sell-through and customer engagement. These sub-brands represent an effort to lower the average customer age from 42 to the mid-30s while expanding the brand's appeal. The company has also undertaken significant operational improvements, including inventory reduction of approximately 40% from peak levels, implementation of ship-from-store capabilities across 600 locations, and optimization of the store portfolio. Torrid is actively shifting its store mix from enclosed malls to outdoor shopping centers and has planned 40-50 store closures in fiscal 2025 as part of this optimization. Digital transformation initiatives have been central to the strategy, with e-commerce now representing 60% of sales. The company has invested in personalized recommendations, enhanced online content, and improved digital marketing capabilities. The relaunch of the Torrid Casting Call model search and increased influencer marketing represent efforts to strengthen brand engagement and attract new customers. Leadership changes have also been significant, with key executive appointments including Hyon Park as COO and Ashlee Wheeler as Chief Planning Officer, while longtime executive Mark Mizicko retired, signaling a new generation of leadership taking the company forward.
CURV company profile · for informational purposes only — not investment advice.
Track CURV with Drillr
SEC filings, earnings calls, insider activity, alt-data signals — all queryable through Drillr's AI terminal and MCP API.
Try Drillr for free