Torrid's Expected 14% FCF Yield Is Fair For A Falling Knife Retailer

Torrid Holdings reported challenging 1Q26 results, with sales, comps, margins, and adjusted EBITDA all declining meaningfully. I maintain a hold rating, as CURV's free cash flow yield appears high, but is underpinned by falling sales, profits, and underinvestment. CURV's balance sheet remains sustainable for now, but ongoing profit declines and weak pricing power present material risks.

Seeking Alpha • 17 hours ago

Torrid Q1 Earnings Call Highlights

Torrid NYSE: CURV reported first-quarter fiscal 2026 sales slightly above its guidance and adjusted EBITDA at the high end of its outlook, while management said ongoing initiatives around store optimization, pricing and marketing are intended to position the plus-size apparel retailer for comparable sales growth in the back half of the year.

MarketBeat • Jun 4, 2026

Torrid Holdings Inc. (CURV) Q1 2026 Earnings Call Transcript

Torrid Holdings Inc. (CURV) Q1 2026 Earnings Call Transcript

Seeking Alpha • Jun 4, 2026

Torrid Reports First Quarter 2026 Results and Fiscal 2026 Guidance

CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)--Torrid Holdings Inc. (“Torrid” or the “Company”) (NYSE: CURV), a direct-to-consumer apparel, intimates, and accessories brand in North America for women sizes 10 to 30, today announced its financial results for the first quarter ended May 2, 2026. Lisa Harper, Chief Executive Officer, stated, “We are pleased to report first quarter net sales of $245.8 million, slightly above our guidance, and adjusted EBITDA(1) of $17.6 million at the high end of our g.

Business Wire • Jun 4, 2026

Torrid Holdings (CURV) Reports Break-Even Earnings for Q1

Torrid Holdings (CURV) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to earnings of $0.06 per share a year ago.

Zacks Investment Research • Jun 4, 2026

Torrid Announces Reporting Date for First Quarter 2026 Financial Results

CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)--Torrid Holdings Inc. (“Torrid” or the “Company”) (NYSE: CURV), a direct-to-consumer apparel, intimates, and accessories brand in North America for women sizes 10 to 30, today announced that it will release first quarter 2026 financial results after market close on Thursday, June 4, 2026. Management will host a conference call that afternoon at 4:30 p.m. Eastern Time to discuss its financial results. Those who wish to participate in the call may do so b.

Business Wire • May 21, 2026

Torrid Holdings Inc. (CURV) Q4 2025 Earnings Call Transcript

Torrid Holdings Inc. (CURV) Q4 2025 Earnings Call Transcript

Seeking Alpha • Mar 20, 2026

Torrid Holdings Is Fit For An Upgrade

Torrid Holdings surged 28% after Q4 results exceeded analyst expectations, despite ongoing revenue and profitability declines. CURV's store optimization and focus on sub-brand growth signal an early turnaround, with management guiding for improved EBITDA and cash flow in 2026. Management projects sub-brand revenue to rise from $70 million in 2025 to $110 million in 2026, offsetting overall sales declines.

Seeking Alpha • Mar 20, 2026

Torrid Holdings Is Suffering Under The Weight Of GLP-1s

Torrid Holdings Inc. reported weak Q4 '25 results with comp sales down 10% and gross margins declining 360 bps. CURV's aggressive promotions and lower opening price points failed to drive customer response, highlighting weak pricing power and deteriorating profitability. Management guides for another year of sales decline in FY26, with only modest adjusted EBITDA improvement despite significant store closures and cost savings efforts.

Seeking Alpha • Mar 20, 2026

Torrid Reports Fourth Quarter and Fiscal 2025 Results and Initiates Fiscal 2026 Guidance

CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)--Torrid Holdings Inc. (“Torrid” or the “Company”) (NYSE: CURV), a direct-to-consumer apparel, intimates, and accessories brand in North America for women sizes 10 to 30, today announced its financial results for the quarter and fiscal year ended January 31, 2026. Lisa Harper, Chief Executive Officer, stated, “2025 was a transformational year. We delivered $1 billion in net sales, in line with our guidance, and $63.6 million in Adjusted EBITDA(1), exceed.

Business Wire • Mar 19, 2026