Torrid Holdings, Inc. (CURV)

In Q1 Fiscal 2025, Torrid reported a decrease in net sales, adjusted EBITDA, and net income, announcing plans to close approximately 180 stores in fiscal 2025. In Q2 Fiscal 2025, the company reported a decrease in net sales, earnings per share, gross profit, and adjusted EBITDA, though it slightly surpassed analyst forecasts, and the stock rose by 2.12% in aftermarket trading. Several financial firms downgraded Torrid's stock, including William Blair, Goldman Sachs, Morgan Stanley, Wall Street Zen, and Zacks Research. CFO Paula Dempsey sold 26,000 shares of the company's stock on September 23, 2025, at an average price of $1.76 per share.

Torrid Holdings, Inc. likely experiences demand seasonality typical of the fashion industry, with increased sales during key retail periods such as holiday seasons, back-to-school, and seasonal transitions for clothing. The company's product assortment, including swimwear and outerwear, further suggests seasonal fluctuations in demand.

Torrid Holdings Inc. is a direct-to-consumer specialty retailer focused on apparel, intimates, and accessories for curvy women in North America, operating within the Consumer Discretionary sector and the Apparel Retail industry. The company designs, develops, and merchandises products under brand names like Torrid, Torrid Curve, CURV, and Lovesick, offering a wide range of items sold through its e-commerce platform and physical stores. Torrid aims to empower women by providing stylish, confidence-boosting fashion options that celebrate individuality and body positivity, with a commitment to inclusive sizing and contemporary styles.

Torrid Holdings Inc. has a significant market presence across North America, operating over 600 retail stores strategically located throughout the United States and Canada. The company also utilizes a robust e-commerce platform to serve a global customer base, connecting with its target demographic through both online and in-store experiences.

Torrid's brand reputation has been positively influenced by its commitment to empowering women through stylish and confidence-boosting fashion, particularly for plus-size individuals. The company's sub-brands have been overachieving expectations, contributing to increased customer acquisition and the reactivation of lapsed customers, which has had a positive halo effect on mainline Torrid offerings. Declines in sales and accelerated store closures could implicitly affect public perception of the brand's market performance.

Institutional investors and hedge funds collectively own a significant portion (81.82%) of Torrid Holdings, Inc.'s stock. Nomura Holdings Inc. increased its holdings by 19.5% in the first quarter, while Hudson Bay Capital Management LP and Shay Capital LLC purchased new positions or increased their holdings in the second quarter.