CURV - Why Plus-Size Fashion Retailer Torrid Shares Are Surging Today | Benzinga
Torrid Holdings Inc (NYSE: CURV) shares are trading higher by around 17% after reporting Q3 FY23 results.
Net sales fell 8.3% Y/Y to $275.4 million, beating the consensus of $245.8 million. Comparable sales were down 8% in the third quarter.
Gross profit margin contracted to 33.2% from 34.0% a year ago due to a decrease in PLCC Funds and a deleveraging of store occupancy costs.
Adjusted EBITDA was $19.4 million, or 7.0% of net sales, versus $32.1 million, or 10.7% of net sales last year.
EPS loss of $(0.03) came above the consensus of $(0.05).
In Q3, ...