Torrid's Q2 Was Good, But The Stock Price Is Not An Opportunity Yet

Inside Creative House/iStock via Getty Images Torrid Holdings Inc. (NYSE:CURV) 2Q24 showed signs of revenue inflection after a challenging start to the year. The company is applying better assortment management techniques that may prove positive in future quarters. Gross margins have improved through less clearance, but this has been absorbed by higher SG&A. On the valuation side, Torrid's price is basically flat compared to when I last evaluated it last quarter. This implies an earnings yield of 5%, which, ...