Exhibit 99.1 Torrid Reports Second Quarter Fiscal 2024 Results • Delivered Second Quarter Net Sales at high end of guidance • Second Quarter Net Income of $8.3 million • Exceeded Second Quarter Adjusted EBITDA guidance (1) CITY OF INDUSTRY, Calif. – September 4, 2024 – 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 ended August 3, 202 ...

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MStudioImages/E+ via Getty Images Challenging 1Q24 results First, the company promoted two managers. Its CTO became COO, and its VP of Planning became the Chief Planning Officer. These announcements might have been influenced by the higher SG&A. Finally, at the brand level, Torrid launched a new campaign to find a model among its customers. The campaign is supposed to invite customers to the stores and increase brand awareness among its target demographics. In my last article, I provided a small model for T ...

Torrid Holdings Inc. (NYSE:CURV) Q1 2024 Earnings Conference Call June 12, 2024 4:30 PM ET Company Participants Chinwe Abaelu - Chief Accounting Officer Lisa Harper - Chief Executive Officer Ashlee Wheeler - Chief Planning Officer Paula Dempsey - Chief Financial Officer Conference Call Participants Alex Straton - Morgan Stanley Corey Tarlowe - Jefferies Brooke Roach - Goldman Sachs Marni Shapiro - Retail Tracker Operator Greetings and welcome to the Torrid Holdings Inc. First Quarter Fiscal 2024 Earnings Co ...

Over the last four quarters, the company has surpassed consensus EPS estimates three times. Torrid Holdings, which belongs to the Zacks Retail - Apparel and Shoes industry, posted revenues of $279.77 million for the quarter ended April 2024, missing the Zacks Consensus Estimate by 0.16%. This compares to year-ago revenues of $293.85 million. The company has topped consensus revenue estimates three times over the last four quarters. What's Next for Torrid Holdings? There are no easy answers to this key quest ...

Part I [Financial Statements (unaudited)](index=5&type=section&id=Item%201.%20Financial%20Statements%20%28unaudited%29) This section presents Torrid Holdings Inc.'s unaudited condensed consolidated financial statements for the quarter ended May 4, 2024 [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets were **$479,678 thousand**, liabilities decreased, reducing stockholders' deficit to **$(198,640) thousand** as of May 4, 2024 Condensed Consolidated Balance Sheets | Account | May 4, 2024 (in thousands) | February 3, 2024 (in thousands) | | :--- | :--- | :--- | | **Total Current Assets** | $194,296 | $179,123 | | **Total Assets** | $479,678 | $476,947 | | **Total Current Liabilities** | $234,323 | $232,107 | | **Total Liabilities** | $678,318 | $688,664 | | **Total Stockholders' Deficit** | $(198,640) | $(211,717) | [Condensed Consolidated Statements of Operations and Comprehensive Income](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Income) Q1 2024 net sales decreased to **$279,771 thousand**, while gross profit increased to **$115,421 thousand**, and net income rose to **$12,172 thousand** Condensed Consolidated Statements of Operations and Comprehensive Income | Metric | Three Months Ended May 4, 2024 (in thousands) | Three Months Ended April 29, 2023 (in thousands) | | :--- | :--- | :--- | | Net sales | $279,771 | $293,854 | | Gross profit | $115,421 | $110,642 | | Income from operations | $26,143 | $26,063 | | Net income | $12,172 | $11,808 | | Diluted EPS | $0.12 | $0.11 | [Condensed Consolidated Statements of Stockholders' Deficit](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders%27%20Deficit) Stockholders' deficit improved from **$(211,717) thousand** to **$(198,640) thousand** in Q1 2024, driven by **$12,172 thousand** net income - The total stockholders' deficit improved from **$(211,717) thousand** to **$(198,640) thousand** in the first quarter of 2024, mainly due to net income of **$12,172 thousand**[22](index=22&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operating activities significantly increased to **$27,624 thousand** in Q1 2024, leading to an **$8,730 thousand** net increase in cash Condensed Consolidated Statements of Cash Flows | Cash Flow Activity | Three Months Ended May 4, 2024 (in thousands) | Three Months Ended April 29, 2023 (in thousands) | | :--- | :--- | :--- | | Net cash provided by operating activities | $27,624 | $11,223 | | Net cash used in investing activities | $(7,008) | $(5,660) | | Net cash used in financing activities | $(11,859) | $(800) | | **Increase in cash, cash equivalents and restricted cash** | **$8,730** | **$4,691** | [Notes to Unaudited Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) Notes detail accounting policies, revenue disaggregation, related-party transactions, and **$300,700 thousand** in outstanding term loans - The company operates as a single reportable segment, combining its e-Commerce and physical store operations[32](index=32&type=chunk) Revenue Disaggregation | Revenue Category | Q1 2024 (in thousands) | Q1 2023 (in thousands) | | :--- | :--- | :--- | | Apparel | $252,630 | $258,913 | | Non-apparel | $20,286 | $26,848 | | Other | $6,855 | $8,093 | | **Total net sales** | **$279,771** | **$293,854** | - The company purchased **$12,000 thousand** in merchandise from MGF Sourcing US, LLC, a related party controlled by affiliates of Sycamore, during the first quarter of 2024[63](index=63&type=chunk) - As of May 4, 2024, total borrowings of **$300,700 thousand** remain outstanding under the Amended Term Loan Credit Agreement[71](index=71&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=25&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2024 financial results, noting a **4.8% net sales decrease**, improved gross margin to **41.3%**, and stable Adjusted EBITDA at **$38,227 thousand** [Key Financial and Operating Metrics](index=25&type=section&id=Key%20Financial%20and%20Operating%20Metrics) Q1 2024 comparable sales decreased by **9%**, with **658 stores** and stable Adjusted EBITDA at **$38,227 thousand** Key Financial and Operating Metrics | Metric | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Number of stores | 658 | 638 | | Comparable sales | (9)% | (14)% | | Net income (in thousands) | $12,172 | $11,808 | | Adjusted EBITDA (in thousands) | $38,227 | $38,260 | [Results of Operations](index=28&type=section&id=Results%20of%20Operations) Q1 2024 net sales decreased **4.8%**, gross margin expanded to **41.3%**, and SG&A expenses rose **7.4%** - Net sales decreased by **$14,100 thousand** (**4.8%**) in Q1 2024, driven by lower sales transactions and PLCC funds[127](index=127&type=chunk) - Gross profit as a percentage of net sales increased by **3.6%** to **41.3%**, primarily due to improved merchandise margin from reduced product costs[128](index=128&type=chunk) - SG&A expenses increased by **$5,200 thousand** (**7.4%**), mainly due to a **$4,300 thousand** increase in performance bonuses and **$3,200 thousand** in headquarters expenses[129](index=129&type=chunk) [Liquidity and Capital Resources](index=30&type=section&id=Liquidity%20and%20Capital%20Resources) Primary liquidity from operations and ABL Facility, with **$116,100 thousand** available and net cash from operations increasing to **$27,624 thousand** - As of May 4, 2024, availability under the ABL Facility was **$116,100 thousand**, with no borrowings outstanding[133](index=133&type=chunk) Cash Flow Summary | Cash Flow Activity | Q1 2024 (in thousands) | Q1 2023 (in thousands) | | :--- | :--- | :--- | | Net cash provided by operating activities | $27,624 | $11,223 | | Net cash used in investing activities | $(7,008) | $(5,660) | | Net cash used in financing activities | $(11,859) | $(800) | [Quantitative and Qualitative Disclosures About Market Risk](index=31&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's market risk profile remains materially unchanged from its Annual Report on Form 10-K disclosures - The company's market risk profile has not materially changed since its last annual report[144](index=144&type=chunk) [Controls and Procedures](index=31&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls were effective as of May 4, 2024, with no material changes to internal controls - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective as of May 4, 2024[145](index=145&type=chunk) - There were no changes during the first quarter of 2024 in internal control over financial reporting that have materially affected, or are reasonably likely to materially affect, these controls[146](index=146&type=chunk) Part II [Legal Proceedings](index=33&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently involved in any legal proceedings expected to have a material adverse effect on its business - The company is not presently party to any legal proceedings that it believes would have a material adverse effect on its business[148](index=148&type=chunk) [Risk Factors](index=33&type=section&id=Item%201A.%20Risk%20Factors) No material changes have occurred to the risk factors previously disclosed in the company's Annual Report on Form 10-K - No material changes to the risk factors disclosed in the Annual Report on Form 10-K have occurred[149](index=149&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=33&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No shares were repurchased under the **$100,000 thousand** program in Q1 2024, with **$44,900 thousand** remaining available - The company did not repurchase any shares of its common stock during the three months ended May 4, 2024[150](index=150&type=chunk) - As of May 4, 2024, approximately **$44,900 thousand** remained available for repurchases under the authorized share repurchase program[150](index=150&type=chunk) [Defaults Upon Senior Securities](index=33&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities - None[151](index=151&type=chunk) [Mine Safety Disclosures](index=33&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[152](index=152&type=chunk) [Other Information](index=33&type=section&id=Item%205.%20Other%20Information) The company reported no other information for this item - None[153](index=153&type=chunk) [Exhibits](index=34&type=section&id=Item%206.%20Exhibits) This section provides an index of exhibits filed with the Form 10-Q, including agreements and officer certifications

[Company Overview and Q1 Highlights](index=1&type=section&id=Company%20Overview%20and%20Q1%20Highlights) [About Torrid](index=1&type=section&id=About%20Torrid) Torrid is a North American direct-to-consumer apparel, intimates, and accessories brand, focusing on providing well-fitting, high-quality products for fashion-conscious women in sizes 10 to 30 - Torrid is a North American direct-to-consumer apparel, intimates, and accessories brand, specializing in well-fitting, high-quality products for **curvy women in sizes 10 to 30**, offering a comprehensive product line including tops, bottoms, denim, dresses, intimates, activewear, footwear, and accessories[1](index=1&type=chunk)[18](index=18&type=chunk) [First Quarter Fiscal 2024 Highlights](index=1&type=section&id=First%20Quarter%20Fiscal%202024%20Highlights) Torrid achieved net sales in line with expectations and exceeded adjusted EBITDA guidance in Q1 FY24, driven by significant gross margin expansion and strict inventory control, with positive customer response to product assortment adjustments leading to improved traffic and sales - The company's Q1 FY24 net sales met guidance, and adjusted EBITDA exceeded guidance, primarily due to strong **gross margin expansion** and strict **inventory control**. Positive customer response to ongoing product assortment adjustments led to improved traffic and sales throughout the quarter[11](index=11&type=chunk) Key Financial and Operating Metrics for Q1 FY24 | Metric | Q1 FY24 (May 4, 2024) | Q1 FY23 (April 29, 2023) | | :------------------- | :-------------------- | :----------------------- | | Comparable sales | (9)% | (14)% | | Net income | $12,172 thousand | $11,808 thousand | | Adjusted EBITDA | $38,227 thousand | $38,260 thousand | - Net income increased to **$12.2 million** ($0.12 per share) this quarter from **$11.8 million** ($0.11 per share) in the prior-year period[11](index=11&type=chunk) [First Quarter Fiscal 2024 Financial Performance](index=1&type=section&id=First%20Quarter%20Fiscal%202024%20Financial%20Performance) [Key Financial and Operating Metrics](index=1&type=section&id=Key%20Financial%20and%20Operating%20Metrics) Q1 FY24 comparable sales decreased by 9%, an improvement from the 14% decline in the prior year, with net income slightly up and adjusted EBITDA remaining largely flat year-over-year Key Financial and Operating Metrics for Q1 FY24 | Metric | Q1 FY24 (May 4, 2024) | Q1 FY23 (April 29, 2023) | Change (YoY) | | :------------------- | :-------------------- | :----------------------- | :----------- | | Comparable sales | (9)% | (14)% | +5 ppts | | Net income | $12,172 thousand | $11,808 thousand | +3.08% | | Adjusted EBITDA | $38,227 thousand | $38,260 thousand | -0.09% | - Comparable sales for Q1 FY24 decreased by **9%**, an improvement compared to the **14%** decline in Q1 FY23[3](index=3&type=chunk)[11](index=11&type=chunk) [Detailed Financial Results](index=1&type=section&id=Detailed%20Financial%20Results) Net sales decreased 4.8% year-over-year to $279.8 million, but gross margin significantly improved by 360 basis points to 41.3%, primarily due to renegotiated vendor costs and increased full-price sales Detailed Financial Results for Q1 FY24 | Metric | Q1 FY24 (May 4, 2024) | Q1 FY23 (April 29, 2023) | Change (YoY) | | :--------------------- | :-------------------- | :----------------------- | :----------- | | Net sales | $279.8 million | $293.9 million | -4.8% |\ | Gross profit margin | 41.3% | 37.7% | +360 bps |\ | Net income | $12.2 million | $11.8 million | +3.4% |\ | Diluted EPS | $0.12 | $0.11 | +9.1% |\ | Adjusted EBITDA | $38.2 million | $38.3 million | -0.3% |\ | Adjusted EBITDA % of sales | 13.7% | 13.0% | +70 bps | - Gross margin improved by **360 basis points**, primarily driven by strategically renegotiated product costs with vendors and an increase in full-price sales[11](index=11&type=chunk) [Store Operations](index=1&type=section&id=Store%20Operations) Torrid opened 6 new stores and closed 3 in Q1, bringing the total store count to 658 at quarter-end, an increase from 638 in the prior-year period - During Q1, the company opened **6 new Torrid stores** and closed **3 Torrid stores**, resulting in a total of **658 stores** at quarter-end[11](index=11&type=chunk) Store Count | Metric | May 4, 2024 | April 29, 2023 | Change (YoY) | | :-------------- | :---------- | :------------- | :----------- | | Number of stores| 658 | 638 | +20 | [Balance Sheet and Cash Flow](index=2&type=section&id=Balance%20Sheet%20and%20Cash%20Flow) [Balance Sheet Overview](index=8&type=section&id=Balance%20Sheet%20Overview) As of May 4, 2024, total assets slightly increased to $479.7 million from February 3, 2024, with cash and cash equivalents significantly rising to $20.5 million, while total liabilities decreased from $688.7 million to $678.3 million Key Balance Sheet Data (in thousands) | Metric (in thousands) | May 4, 2024 | February 3, 2024 | Change (QoQ) | | :-------------------------- | :---------- | :--------------- | :----------- | | Cash and cash equivalents | $20,465 | $11,735 | +74.4% | | Inventory | $144,808 | $142,199 | +1.8% | | Total current assets | $194,296 | $179,123 | +8.5% | | Total assets | $479,678 | $476,947 | +0.6% | | Total current liabilities | $234,323 | $232,107 | +0.9% | | Borrowings under credit facility | $0 | $7,270 | -100% | | Term loan | $284,517 | $288,553 | -1.4% | | Total liabilities | $678,318 | $688,664 | -1.5% | | Total stockholders' deficit | $(198,640) | $(211,717) | +6.2% | [Cash Flow from Operations](index=9&type=section&id=Cash%20Flow%20from%20Operations) Net cash provided by operating activities significantly increased to $27.6 million for the three months ended May 4, 2024, compared to $11.2 million in the prior-year period Cash Flow from Operating Activities (in thousands) | Metric (in thousands) | Q1 FY24 (May 4, 2024) | Q1 FY23 (April 29, 2023) | Change (YoY) | | :------------------------------------ | :-------------------- | :----------------------- | :----------- | | Net cash provided by operating activities | $27,624 | $11,223 | +146.1% | [Liquidity Position](index=2&type=section&id=Liquidity%20Position) Total cash and cash equivalents amounted to $20.9 million at the end of Q1 FY24, with total liquidity, including available borrowings under the revolving credit facility, reaching $137.0 million Liquidity Position (in millions) | Metric (in millions) | Q1 FY24 (May 4, 2024) | | :------------------- | :-------------------- | | Cash and cash equivalents | $20.9 | | Total liquidity | $137.0 | [Outlook](index=2&type=section&id=Outlook) [Second Quarter Fiscal 2024 Guidance](index=2&type=section&id=Second%20Quarter%20Fiscal%202024%20Guidance) The company projects Q2 FY24 net sales to be between $280.0 million and $285.0 million, with adjusted EBITDA expected to range from $30.0 million to $34.0 million Second Quarter Fiscal 2024 Guidance (in millions) | Metric | Q2 FY24 Guidance (in millions) | | :-------------- | :----------------------------- | | Net sales | $280.0 - $285.0 | | Adjusted EBITDA | $30.0 - $34.0 | [Full Year Fiscal 2024 Guidance](index=2&type=section&id=Full%20Year%20Fiscal%202024%20Guidance) For FY24, the company anticipates net sales between $1.135 billion and $1.155 billion, adjusted EBITDA from $109.0 million to $116.0 million, and capital expenditures of $20 million to $25 million, alongside plans to open 15-20 new stores and close 10-15 Full Year Fiscal 2024 Guidance (in millions) | Metric | FY24 Guidance (in millions) | | :--------------------- | :-------------------------- | | Net sales | $1,135 - $1,155 | | Adjusted EBITDA | $109.0 - $116.0 | | Capital expenditures | $20 - $25 | - The company plans to open **15 to 20 new Torrid stores** and close **10 to 15 stores** throughout the year[29](index=29&type=chunk) [Outlook Assumptions and Considerations](index=2&type=section&id=Outlook%20Assumptions%20and%20Considerations) The outlook is based on assumptions including macroeconomic challenges and rising labor costs, but excludes the potential impact of the CFPB's recent ruling on credit card late fees, which could alter the profitability of the company's private label credit card financing agreement - The outlook is based on assumptions including industry macroeconomic challenges and rising labor costs, but does not account for the Consumer Financial Protection Bureau's recent ruling on credit card late fees, which could alter the profitability of the company's private label credit card financing agreement[15](index=15&type=chunk) [Non-GAAP Financial Measures](index=3&type=section&id=Non-GAAP%20Financial%20Measures) [Definition and Purpose of Non-GAAP Measures](index=3&type=section&id=Definition%20and%20Purpose%20of%20Non-GAAP%20Measures) Management uses non-GAAP metrics like Adjusted EBITDA to assess ongoing operations, for internal planning and forecasting, and as a benchmark for executive incentive payments, believing these metrics provide useful supplemental information when used with GAAP financial information - Management utilizes non-GAAP performance measures such as Adjusted EBITDA for evaluating ongoing operations, internal planning and forecasting, and as a benchmark for determining executive non-equity incentive payments[7](index=7&type=chunk)[8](index=8&type=chunk)[33](index=33&type=chunk) - Adjusted EBITDA represents GAAP net income (loss) adjusted for interest expense less interest income, other expense (income), provision for income taxes, depreciation and amortization, share-based compensation, non-cash deductions and charges, and other expenses[19](index=19&type=chunk) - The company believes Adjusted EBITDA facilitates period-to-period comparisons of operating performance by isolating certain period-specific items that are not indicative of the company's ongoing operating performance[33](index=33&type=chunk) [Adjusted EBITDA Reconciliation](index=10&type=section&id=Adjusted%20EBITDA%20Reconciliation) The report provides a detailed reconciliation of net income to Adjusted EBITDA, listing adjustments for interest expense, income taxes, depreciation and amortization, share-based compensation, non-cash deductions, and other expenses Reconciliation of Net Income to Adjusted EBITDA (in thousands) | Metric (in thousands) | Q1 FY24 (May 4, 2024) | Q1 FY23 (April 29, 2023) | | :----------------------------------- | :-------------------- | :----------------------- | | Net income | $12,172 | $11,808 | | Interest expense | $9,377 | $9,468 | | Other expense, net of other income | $110 | $60 | | Provision for income taxes | $4,484 | $4,727 | | Depreciation and amortization | $9,259 | $9,238 | | Share-based compensation | $1,658 | $2,488 | | Non-cash deductions and charges | $(58) | $43 | | Other expenses | $1,225 | $428 | | **Adjusted EBITDA** | **$38,227** | **$38,260** | - Other expenses in the reconciliation table include severance for certain key management positions, certain litigation fees, and certain management fees (primarily travel expenses) incurred by Sycamore on behalf of the company[51](index=51&type=chunk) [Forward-Looking Statements and Risk Factors](index=4&type=section&id=Forward-Looking%20Statements%20and%20Risk%20Factors) [Nature of Forward-Looking Statements](index=4&type=section&id=Nature%20of%20Forward-Looking%20Statements) This earnings release contains forward-looking statements regarding estimated costs, financial performance, future operations, and strategies, which are subject to risks and uncertainties that could cause actual results to differ materially from expectations - This earnings release contains "forward-looking statements" regarding estimated and projected costs, expenditures, cash flows, growth rates and financial performance, future operating plans and objectives, growth or initiatives, strategies, or the anticipated results or impact of pending or threatened litigation[22](index=22&type=chunk)[35](index=35&type=chunk) - All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from expectations[22](index=22&type=chunk)[38](index=38&type=chunk) [Identified Risk Factors](index=4&type=section&id=Identified%20Risk%20Factors) Key risk factors include changes in consumer spending and macroeconomic conditions, inflationary pressures, reliance on brand image, dependence on third parties, supply chain disruptions, and potential impacts from the CFPB's ruling on credit card late fees - Risks include changes in consumer spending and general economic conditions; inflationary pressures on labor and raw materials and global supply chain constraints that may increase the company's expenses; and reliance on a strong brand image[22](index=22&type=chunk) - Adverse impacts on the company's revenue streams, profitability, and operating results from changes in rulemaking implemented by the Consumer Financial Protection Bureau[36](index=36&type=chunk) - Other risks include reliance on third parties (e.g., for website traffic, product manufacturing, and shipping); the ability to adapt to consumer shopping preferences and maintain an omnichannel experience; system security risks; compliance with laws and regulations; significant debt and lease obligations; and the potential for impairment of long-lived assets[22](index=22&type=chunk)[23](index=23&type=chunk)[36](index=36&type=chunk)[37](index=37&type=chunk)[44](index=44&type=chunk) [Condensed Consolidated Financial Statements](index=7&type=section&id=Condensed%20Consolidated%20Financial%20Statements) [Condensed Consolidated Statements of Operations and Comprehensive Income](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Income) This statement details revenue, cost of goods sold, gross profit, operating expenses, and net income for the three months ended May 4, 2024, and April 29, 2023 Condensed Consolidated Statements of Operations and Comprehensive Income (in thousands) | Metric (in thousands) | Three Months Ended May 4, 2024 | Three Months Ended April 29, 2023 | | :----------------------------------- | :----------------------------- | :-------------------------------- | | Net sales | $279,771 | $293,854 | | Cost of goods sold | $164,350 | $183,212 | | Gross profit | $115,421 | $110,642 | | Selling, general and administrative expenses | $76,466 | $71,228 | | Marketing expenses | $12,812 | $13,351 | | Income from operations | $26,143 | $26,063 | | Net income | $12,172 | $11,808 | | Basic EPS | $0.12 | $0.11 | | Diluted EPS | $0.12 | $0.11 | [Condensed Consolidated Balance Sheets](index=8&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) The balance sheet presents assets, liabilities, and stockholders' deficit as of May 4, 2024, and February 3, 2024, highlighting changes in cash, inventory, and debt Condensed Consolidated Balance Sheets (in thousands) | Metric (in thousands) | May 4, 2024 | February 3, 2024 | | :---------------------------------- | :---------- | :--------------- | | Cash and cash equivalents | $20,465 | $11,735 | | Inventory | $144,808 | $142,199 | | Total current assets | $194,296 | $179,123 | | Property and equipment, net | $98,455 | $103,516 | | Total assets | $479,678 | $476,947 | | Accounts payable | $58,850 | $46,183 | | Total current liabilities | $234,323 | $232,107 | | Term loan | $284,517 | $288,553 | | Total liabilities | $678,318 | $688,664 | | Total stockholders' deficit | $(198,640) | $(211,717) | [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) The cash flow statement details cash flows from operating, investing, and financing activities for the three months ended May 4, 2024, and April 29, 2023, emphasizing a significant increase in operating cash flow Condensed Consolidated Statements of Cash Flows (in thousands) | Metric (in thousands) | Three Months Ended May 4, 2024 | Three Months Ended April 29, 2023 | | :------------------------------------ | :----------------------------- | :-------------------------------- | | Net cash provided by operating activities | $27,624 | $11,223 | | Net cash used in investing activities | $(7,008) | $(5,660) | | Net cash used in financing activities | $(11,859) | $(800) | | Increase in cash, cash equivalents and restricted cash | $8,730 | $4,691 | | Cash, cash equivalents and restricted cash at end of period | $20,864 | $18,626 |

Winner to be Featured in a 2024 or 2025 Campaign Photoshoot, Receive a Torrid Wardrobe for a Year, and Gain the Chance to Sign with Global Talent Management Agency CITY OF INDUSTRY, Calif., April 17, 2024 /PRNewswire/ -- 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, announced today the return of its Casting Call and nationwide tour. The brand will be making stops at more than 100 malls ...

93 Exhibit Index • general market conditions; • global economic, legal and regulatory factors unrelated to our performance; and • the realization of any of the risks described in this section, or other risks that may materialize in the future. Numerous factors affect our business and cause variations in our operating results and affect our net sales and comparable store sales, including consumer preferences, buying trends and overall economic trends; our ability to identify and respond effectively to produc ...

Torrid Holdings Inc. (NYSE:CURV) Q4 2023 Earnings Conference Call March 28, 2024 4:30 PM ET Company Participants Chinwe Abaelu - Chief Accounting Officer Lisa Harper - Chief Executive Officer Mark Mizicko - Chief Commercial Officer Paula Dempsey - Chief Financial Officer Conference Call Participants Brooke Roach - Goldman Sachs Alex Straton - Morgan Stanley Jeff Lick - B. Riley Securities Corey Tarlowe - Jefferies Dana Telsey - Telsey Advisory Group Operator Greetings and welcome to the Torrid Holdings Inc. ...