Women’s plus-size apparel retailer Torrid Holdings (NYSE: CURV) will be reporting earnings this Thursday after market hours. Here’s what to look for.
Torrid beat analysts’ revenue expectations last quarter, reporting revenues of $236.2 million, down 14.3% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is Torrid a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Torrid’s revenue to decline 9.8% year on year, a further deceleration from the 4.9% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Torrid has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Torrid’s peers in the apparel retailer segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Victoria's Secret delivered year-on-year revenue growth of 15.3%, beating analysts’ expectations by 2.6%, and Urban Outfitters reported revenues up 11.4%, topping estimates by 1.4%. Urban Outfitters traded up 2.9% following the results.
Read our full analysis of Victoria's Secret’s results here and Urban Outfitters’s results here.
There has been positive sentiment among investors in the apparel retailer segment, with share prices up 2.8% on average over the last month. Torrid’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $1.58 (compared to the current share price of $1.54).
ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention.
AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.
