Financial Data and Key Metrics Changes - Net sales for Q3 2024 were $263.8 million, down from $275.4 million in the previous year, representing a decline of 6.5% in comparable sales [44] - Regular price comparable sales increased by 1%, while clearance sales saw a significant decline of 47% [31][44] - Gross profit grew by 4% to $95.2 million, with gross margin expanding by 285 basis points to 36.1% due to reduced product costs and increased sales of regular price products [44][45] - The company ended the quarter with $44 million in cash, an increase of $28 million compared to the previous year, and reduced total debt to $293 million from $314 million [10][49] Business Line Data and Key Metrics Changes - The denim category continued to show positive comparable sales driven by freshness and innovation, while the core collection faced softness due to lack of innovation [10][34] - Intimate apparel foundations categories delivered strong regular price comps, indicating a positive response to newness and innovation [35] Market Data and Key Metrics Changes - Traffic was down mid-single digits for the quarter, impacted by severe hurricanes and consumer hesitancy prior to the election [12][33] - The company estimated that hurricanes impacted full-price comps by 100 basis points for the quarter [13][34] Company Strategy and Development Direction - The company is focusing on increasing product newness and innovation to meet changing customer preferences, with plans to launch new sub-brands and capsule collections [15][19] - A strategic shift away from clearance sales is being implemented, with expectations for clearance sales to return to normalized levels in Q1 2025 [31][117] - The company aims to optimize its store footprint by closing 30 to 40 stores by the end of fiscal 2024, transitioning to a more balanced mix of outdoor shopping centers and enclosed malls [50][52] Management's Comments on Operating Environment and Future Outlook - Management expressed disappointment with Q3 results but remains confident in long-term strategies for growth and product innovation [8][31] - The company anticipates a return to positive comparable sales growth in 2025, driven by new product launches and improved operational efficiencies [57][120] Other Important Information - The company has made significant progress in inventory management, ending the quarter with 19% less inventory year-over-year [43][49] - New inventory planning and allocation systems are being implemented to enhance product offerings and customer experience [22][40] Q&A Session Summary Question: Can you quantify the proportion of newness in the assortment planned for the first half of 2025? - Management did not provide an exact percentage but emphasized that all categories are being impacted and updated to meet customer demand for newness [61] Question: What is the outlook for EBITDA margin expansion? - Management indicated that EBITDA margins could expand even without comparable sales growth, due to operational efficiencies and store optimization [72] Question: How did macro and micro factors affect business performance? - Management noted significant macro impacts, including weather and election-related consumer behavior changes, which affected traffic and sales [80][84] Question: What is the strategy regarding clearance sales? - Clearance sales are expected to return to normalized levels in Q1 2025, with a focus on healthier inventory management moving forward [117][120] Question: How will new product assortments be priced? - New sub-brands will feature a mix of price points, maintaining a similar average to current offerings while expanding the range [96] Question: What is the company's approach to marketing for new capsules? - The company plans to increase marketing spend, particularly in digital and influencer campaigns, to support new product launches and customer acquisition [103]

Torrid Holdings (CURV) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.03. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -133.33%. A quarter ago, it was expected that this women's apparel retailer would post earnings of $0.07 per share when it actually produced earnings of $0.08, delivering a surprise of 14.29%.Over the last four quarters, the company ...

Financial Performance - Net sales for Q3 FY 2024 were $263.8 million, a decrease of 4.2% from $275.4 million in Q3 FY 2023[3] - Net loss narrowed to $1.2 million, or ($0.01) per share, compared to a net loss of $2.7 million, or ($0.03) per share in Q3 FY 2023[3] - Adjusted EBITDA for Q3 FY 2024 was $19.6 million, representing 7.4% of net sales, compared to $19.4 million, or 7.0% of net sales, in Q3 FY 2023[3] - Net sales for the three months ended November 2, 2024, were $263,766 thousand, a decrease of 4.3% from $275,408 thousand in the previous quarter[27] - Net loss for the three months ended November 2, 2024, was $(1,194) thousand, an improvement from $(2,748) thousand in the previous quarter[27] - Adjusted EBITDA for the three months ended November 2, 2024, was $19,584 thousand, compared to $19,379 thousand in the prior quarter[33] Store Operations - The company opened 2 new Torrid stores and closed 4, resulting in a total of 655 stores at the end of the quarter[3] - The company plans to open 12 to 16 new Torrid stores while closing 30 to 40 stores as part of its store fleet optimization program[7] Cash and Liquidity - Cash and cash equivalents at the end of Q3 FY 2024 totaled $44 million, with total liquidity of $151.8 million[6] - Cash and cash equivalents increased to $43,953 thousand from $11,735 thousand at the end of the previous quarter[29] - The company reported a net cash provided by operating activities of $65,366 thousand for the nine months ended November 2, 2024, compared to $33,730 thousand in the previous period[31] Inventory Management - Inventory levels decreased by 19% compared to the previous year, indicating improved inventory management[2] - Inventory decreased to $138,261 thousand from $142,199 thousand in the previous quarter[29] Financial Projections - For Q4 FY 2024, the company expects net sales between $255 million and $270 million and Adjusted EBITDA between $9 million and $15 million[7] - For the full year 2024, net sales are projected to be between $1.083 billion and $1.098 billion, with Adjusted EBITDA expected between $101 million and $107 million[7] Profitability Metrics - Gross profit margin improved by 285 basis points to 36.1%, up from 33.2% in the same quarter last year[3] - Gross profit increased to $95,157 thousand, up 3.6% from $91,502 thousand in the prior quarter[27] Liabilities - Total liabilities decreased slightly to $682,268 thousand from $688,664 thousand in the previous quarter[29] Interest Expense - The company incurred interest expense of $8,784 thousand, down from $9,757 thousand in the previous quarter[27]

Core Insights - Torrid Holdings Inc. (CURV) has experienced a significant stock gain of 19.1% over the past month, outperforming the retail apparel industry's rise of 5.2% [1][2] - The company is recognized as a leader in plus-size fashion, demonstrating resilience and adaptability in a challenging retail environment [5][8] - Torrid's strategic focus on product evolution and digital capabilities positions it for long-term growth by targeting broader demographic segments [5][9] Performance Metrics - Torrid's stock closed at $4.16, which is 54.5% below its 52-week high of $9.14 reached on July 17, 2024 [6] - The stock has recently surpassed the 20-day moving average, indicating a bullish trend [6] Market Position - Torrid's dominance in the plus-size fashion market allows it to cater to an underserved segment, fostering deep brand loyalty [8] - The company's brand awareness has increased from the low 40% range last year to 52% [9] Strategic Initiatives - Torrid is transitioning into the second phase of its business transformation strategy, focusing on scaling the business and expanding product offerings [11] - The company plans to close 10 to 15 stores this year and an additional 20 to 25 by the end of fiscal 2024, which is expected to enhance adjusted EBITDA margins [16] Financial Outlook - Torrid's net sales for fiscal 2024 are projected to be between $1.135 billion and $1.145 billion, with adjusted EBITDA expected in the range of $110 million to $116 million [17] - The Zacks Consensus Estimate for earnings per share has seen upward revisions, indicating expected year-over-year growth rates of 81.8% and 55% for the current and next fiscal years, respectively [18] Valuation - Torrid is currently trading at a forward 12-month price-to-earnings (P/E) multiple of 14.45X, which is below the industry average of 16.92X and the S&P 500's average of 22.38X [20] - The stock is also trading below its median P/E level of 25.93 observed over the past year, suggesting it is attractively priced relative to peers and historical levels [20]

Core Viewpoint - The market anticipates Torrid Holdings (CURV) to report a year-over-year increase in earnings driven by higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - The earnings report is expected on December 3, 2024, with a consensus EPS estimate of $0.03, reflecting a year-over-year increase of +200% [3][2]. - Revenues are projected to reach $282.79 million, marking a 2.7% increase from the previous year [4]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [5]. - The Most Accurate Estimate for Torrid Holdings is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +23.08%, suggesting a bullish outlook from analysts [11]. Historical Performance - Torrid Holdings has a history of exceeding consensus EPS estimates, having beaten expectations in the last four quarters, including a +14.29% surprise in the most recent quarter [14][15]. Predictive Indicators - A positive Earnings ESP is a strong indicator of potential earnings beats, especially when combined with a Zacks Rank of 2, which the company currently holds [9][12][13].

Core Viewpoint - Torrid Holdings is well-positioned to continue its earnings-beat streak, having surpassed earnings estimates significantly in recent quarters [1][2]. Earnings Performance - In the most recent quarter, Torrid Holdings reported earnings of $0.08 per share, exceeding the expected $0.07 per share by 14.29% [2]. - For the previous quarter, the company reported $0.12 per share against an expectation of $0.07 per share, resulting in a surprise of 71.43% [2]. Earnings Estimates and Predictions - Recent estimates for Torrid Holdings have been revised upward, with a positive Earnings ESP of +23.08%, indicating increased analyst optimism regarding the company's earnings prospects [3][6]. - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a strong likelihood of another earnings beat [6]. Statistical Insights - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [4]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions prior to earnings releases [5].

Here are three stocks with buy rank and strong value characteristics for investors to consider today, October 29th:  United Microelectronics (UMC) : This company which specializes in providing foundry services for high performance semiconductor applications, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.1% over the last 60 days.United Microelectronics has a price-to-earnings ratio (P/E) of 11.33 compared with 21.30 for the indu ...

NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Torrid Holdings Inc. ("Torrid" or "the Company") (NYSE: CURV). Investors who purchased Torrid securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/CURV. Investigation Details On October 7, 2024, Torrid announced the termination of "Ms. Elizabeth Muñoz-Guzman, the [Company' ...

NEW YORK, Oct. 9, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Torrid Holdings Inc. ("Torrid" or the "Company") (NYSE: CURV). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether Torrid and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On October 7, 2024, Torri ...

Group 1 - Torrid Holdings (CURV) has experienced significant selling pressure, resulting in a 48.4% decline in stock price over the past four weeks, but analysts anticipate better earnings than previously predicted [1] - The stock is currently in oversold territory, indicated by a Relative Strength Index (RSI) reading of 29.17, suggesting a potential trend reversal [3] - A consensus among sell-side analysts has led to a 4.2% increase in earnings estimates for CURV over the last 30 days, which typically correlates with price appreciation [4] Group 2 - CURV holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [4]