Torrid (NYSE:CURV) Issues Earnings Results

Torrid (NYSE:CURV) issued its quarterly earnings results on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.08, FiscalAI reports. The firm had revenue of $231.73 million for the quarter, compared to the consensus estimate of $237.24 million.

Here are the key takeaways from Torrid’s conference call:

• Q2 sales declined 6.3% year over year to $231.7 million, but management said trends improved materially during the quarter and comparable sales returned to positive growth in July, continuing into August.
• Torrid maintained its underlying full-year outlook of $940 million-$960 million in sales and $65 million-$75 million of adjusted EBITDA excluding tariff benefits, while raising reported EBITDA guidance to $76 million-$86 million after recognizing an $11.1 million tariff refund.
• Customer-growth initiatives are gaining traction, with all 11 marketing channels improving in July, digital customer growth, stronger reactivation, and paid revenue rising at lower spending levels; the company plans to increase second-half digital marketing investment by roughly $1 million versus its original plan.
• Sub-brands grew approximately 74% year to date and are expected to reach $110 million in fiscal 2026, while marketplace expansion to Macy’s, Target, and Walmart is intended to add new customers; a dedicated Festi campaign is planned for September.
• Store closures and tighter inventory management are generating savings and improving cash flow, with $22 million of the planned $40 million in 2026 savings realized through the first half; footwear is also expected to shift from a sales headwind to a revenue and margin tailwind in the second half.

Torrid Stock Up 9.0%

CURV opened at $2.43 on Friday. The firm has a market cap of $241.83 million, a PE ratio of -27.00 and a beta of 0.84. The business has a fifty day simple moving average of $2.24 and a 200-day simple moving average of $1.82. Torrid has a fifty-two week low of $0.94 and a fifty-two week high of $2.86.

Analyst Ratings Changes

Several brokerages have recently weighed in on CURV. Zacks Research lowered Torrid from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. BTIG Research reaffirmed a “neutral” rating on shares of Torrid in a report on Friday, June 5th. Bank of America boosted their price target on shares of Torrid from $2.25 to $2.70 and gave the stock a “buy” rating in a research report on Friday. Morgan Stanley reissued an “equal weight” rating and issued a $1.80 price target on shares of Torrid in a report on Monday, July 6th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Torrid in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $1.81.

Torrid News Summary

Here are the key news stories impacting Torrid this week:

• Positive Sentiment: Management said sales trends improved meaningfully during the second quarter, with July marking a clear inflection point. The company’s customer-growth agenda and improving momentum helped frame the quarter as a potential turnaround. Torrid Turns a Corner: Strong Rebound in Q2 2026 Driven by Customer Growth Agenda
• Positive Sentiment: Profitability expectations supported the rally: Torrid projected fiscal 2026 adjusted EBITDA of $76 million to $86 million and is targeting $110 million in sales from its sub-brands. Torrid projects FY2026 adjusted EBITDA of $76M-$86M while targeting $110M in sub-brand sales
• Positive Sentiment: Third-quarter revenue guidance of $230 million to $235 million was slightly above the approximately $229.7 million consensus estimate, suggesting near-term sales momentum is holding up. Torrid Reports Second Quarter 2026 Results and Updates Fiscal 2026 Guidance
• Neutral Sentiment: Quarterly results were mixed. Torrid reported $231.7 million in revenue, below the $237.2 million analyst estimate. EPS presentations varied by source: MarketBeat cited $0.05 per share versus expectations for a $0.03 loss, while Zacks reported a $0.04 loss versus a $0.03 expected loss. Torrid Holdings Reports Q2 Loss, Lags Revenue Estimates
• Negative Sentiment: Fiscal 2026 revenue guidance of $940 million to $960 million was below the roughly $986.5 million consensus estimate, indicating that the recovery remains uneven and could limit upside if sales do not accelerate. Torrid Holdings Releases Q2 2026 Financial Results

Institutional Investors Weigh In On Torrid

Several hedge funds have recently modified their holdings of CURV. Marshall Wace LLP purchased a new position in Torrid in the 2nd quarter worth about $346,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Torrid by 123.1% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109,412 shares of the company’s stock valued at $323,000 after buying an additional 60,373 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in Torrid during the third quarter valued at about $216,000. Bridgeway Capital Management LLC boosted its holdings in shares of Torrid by 47.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 155,900 shares of the company’s stock worth $153,000 after buying an additional 50,000 shares during the period. Finally, State of Wyoming boosted its holdings in shares of Torrid by 17.3% in the second quarter. State of Wyoming now owns 44,628 shares of the company’s stock worth $132,000 after buying an additional 6,580 shares during the period. 81.82% of the stock is owned by hedge funds and other institutional investors.

About Torrid

Torrid, trading under the ticker CURV on the New York Stock Exchange, is a specialty retailer focused on plus-size women’s fashion. Established in 2001 as a division of Hot Topic, Torrid has built its reputation on offering trend-driven apparel and accessories designed specifically for women who wear size 10 to 30. The company’s product assortment spans casual wear, denim, activewear, intimates, footwear, and fashion?forward accessories, catering to a demographic that has historically been underserved by mainstream retailers.

Over the years, Torrid has expanded from its early mall?based store footprint to become a multichannel business.