Mon, Jun 9, 8:07 PM (34 days ago)
**Torrid Holdings Inc. (CURV) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $265.97 million, down 4.9% YoY from $279.77 million. - **Profit Margins:** Gross margin decreased to 38.1% from 41.3% YoY. Net income fell 51.2% to $5.94 million from $12.17 million. - **Cash Flow:** Net cash used in operating activities was $18.02 million, a significant decrease from the $27.62 million provided in Q1 2024. - **Earnings Changes:** Net income per share was $0.06, down from $0.12 in Q1 2024. **Key Metrics & Trends:** - **Comparable Sales:** Down 4% YoY. - **Store Count:** Decreased by 26 stores to 632. - **Adjusted EBITDA:** $27.13 million, down from $38.23 million in Q1 2024. - **Liquidity:** $23.69 million in cash and cash equivalents, with $117.3 million available under the ABL Facility. **Operational Impact & Future Outlook:** - **Cost Management:** Reduced selling, general, and administrative expenses by 8.4%. - **Marketing:** Increased marketing expenses by 19.9% to $15.36 million. - **Debt:** Compliance with covenants under the ABL Facility and Amended Term Loan Credit Agreement. - **Uncertainties:** Legal proceedings, economic conditions, and supply chain constraints pose risks. **Future Operations:** - **Investments:** Continued spending on advertising, marketing, and personnel. - **Store Footprint:** Strategic expansion and rebalancing of store locations. - **Customer Experience:** Enhancements in-store and online to increase customer loyalty and sales. **Conclusion:** Torrid Holdings Inc. faced challenges in Q1 2025 with declining revenue and profit margins. However, the company is focusing on cost management, strategic investments, and operational improvements to drive future growth and maintain financial stability.