Torrid Holdings ($CURV) Full-Year 2025 Sales Drop 9.4%

Torrid Holdings (NYSE: CURV) announced its fourth-quarter financial results, showing revenue that exceeded market expectations but declined compared to the previous year. The company also reported a quarterly loss per share that was better than anticipated, though it worsened from the prior year.

The company reported a loss of $0.08 per share for the fourth quarter, which was better than the anticipated loss of $0.12 per share. However, this was a decline from the $0.03 loss per share reported a year earlier.

Fourth-quarter revenue was $236.17 million, surpassing the analysts\’ estimate of $229.67 million. However, this was a decrease from the $275.56 million reported a year earlier.

Gross profit margin for the fourth quarter was 30.0 percent, down from 33.6 percent in the same period last year. Adjusted EBITDA was $5.1 million, or 2.2 percent of net sales, compared to $16.7 million, or 6.1 percent of net sales, a year earlier.

For the full year 2025, net sales decreased 9.4 percent to $1,000.1 million from $1,103.7 million last year. Comparable sales fell 7 percent from the previous year. The gross profit margin was 34.8 percent, down from 37.5 percent last year.

The company reported full year net loss of $7.0 million, or ($0.07) per share, compared to net income of $16.3 million, or $0.16 per share, last year. Adjusted EBITDA was $63.6 million, or 6.4 percent of net sales, compared to $109.1 million, or 9.9 percent of net sales, last year.

Torrid Holdings anticipates first-quarter 2026 revenue to be between $236.00 million and $244.00 million, slightly above the market forecast of $234.13 million. For the full year 2026, the company projects revenue between $940.00 million and $960.00 million, exceeding the analysts\’ expectation of $938.70 million.

“We enter 2026 with a strong operational foundation – optimized channels, product and pricing. This positions us to accelerate customer file growth through renewed marketing efforts, helping us re-engage past shoppers, attract new customers and deepen loyalty across our existing base,\” said Lisa Harper, Chief Executive Officer.