Torrid (US:CURV) Benzinga·2025-12-04 06:32Core Viewpoint - Torrid Holdings Inc. reported disappointing third-quarter fiscal results, leading to a significant drop in stock price by 14.5% in after-hours trading [1] Financial Performance - The company experienced a net loss of $6.4 million, or 6 cents per share, for the quarter ending Nov. 1, compared to a net loss of $1.2 million, or 1 cent per share, in the same quarter last year [2] - Net sales decreased by 10.8% to $235.2 million from $263.8 million, with comparable sales declining by 8.3% [2] - The gross profit margin fell to 34.9% from 36.1% in the same quarter last year [3] Profitability Metrics - Adjusted EBITDA was reported at $9.8 million, or 4.2% of net sales, down from $19.6 million, or 7.4% of net sales, in the third quarter of the previous year [4] Fiscal Outlook - For the full fiscal year, Torrid Holdings anticipates net sales between $995 million and $1.002 billion, with adjusted EBITDA expected to be between $59 million and $62 million [5] - The company plans to close up to 180 stores this fiscal year, having already closed 74 stores, resulting in a total of 560 stores at the end of the quarter, down from 655 stores a year ago [5] Stock Performance - The stock has declined by 61.81% over the past year, with a current market capitalization of $129.91 million and a 52-week trading range of $1.10 to $7.19 [6]