Torrid Holdings Inc. reported weak Q4 '25 results with comp sales down 10% and gross margins declining 360 bps. CURV's aggressive promotions and lower opening price points failed to drive customer response, highlighting weak pricing power and deteriorating profitability. Management guides for another year of sales decline in FY26, with only modest adjusted EBITDA improvement despite significant store closures and cost savings efforts.

Torrid Holdings surged 28% after Q4 results exceeded analyst expectations, despite ongoing revenue and profitability declines. CURV's store optimization and focus on sub-brand growth signal an early turnaround, with management guiding for improved EBITDA and cash flow in 2026. Management projects sub-brand revenue to rise from $70 million in 2025 to $110 million in 2026, offsetting overall sales declines.

Torrid Holdings Inc. (CURV) Q4 2025 Earnings Call Transcript

Torrid Holdings shares rose 20% in after-hours trading after reporting full-year EBITDA that topped guidance despite a net loss.

CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)--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 and fiscal year ended January 31, 2026. Lisa Harper, Chief Executive Officer, stated, “2025 was a transformational year. We delivered $1 billion in net sales, in line with our guidance, and $63.6 million in Adjusted EBITDA(1), exceed.

CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)--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 that it will release fourth quarter and fiscal 2025 financial results after market close on Thursday, March 19, 2026. Management will host a conference call that afternoon at 4:30 p.m. Eastern Time to discuss its financial results. Those who wish to participate in the ca.

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Torrid Holdings Inc. (CURV) Q3 2025 Earnings Call Transcript