CURVNYSERetail-Apparel & Accessory StoresUS GAAP · USD

Torrid Holdings Inc.

Torrid Holdings Inc. is a U.S.-based direct-to-consumer apparel retailer focused on women’s plus- and mid-size fashion. The company designs and sells apparel, intimates, footwear, and accessories in sizes 10 to 30 through its stores and e-commerce channels across North America.

Kysy yhtiöstä
Liikevaihto1 000milj. USD
−9,4 %v/v
Liikevoitto (EBIT)21,4milj. USD
−62,6 %v/v
EBIT-marginaali2,1%
−3,0 %-yks.v/v
Nettotulos−7,0milj. USD
−143,1 %v/v
Vapaa kassavirta−21,9milj. USD
−134,7 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2021–2026

05001 0001 500milj. USD2021: 974 milj. USD2021: EBIT 57 milj. USD20212022: 1 279 milj. USD2022: EBIT 45 milj. USD20222023: 1 288 milj. USD2023: EBIT 102 milj. USD20232024: 1 152 milj. USD2024: EBIT 57 milj. USD20242025: 1 104 milj. USD2025: EBIT 57 milj. USD20252026: 1 000 milj. USD2026: EBIT 21 milj. USD20261 00021
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Apparel65 %

Core women’s clothing assortment including tops, bottoms, denim, dresses, and outerwear.

Intimates15 %

Bras, panties, and related intimate apparel designed for Torrid’s size range.

Activewear8 %

Athleisure and performance-inspired apparel for casual and active use.

Footwear4 %

Shoes sold as part of the company’s coordinated fashion assortment.

Accessories8 %

Fashion accessories that complement apparel purchases and outfit building.

Tuotteet

Raportoitu · osuus liikevaihdosta
91,3%FY2026100 %
  • Apparel91,3 %
  • Non Apparel5,3 %
  • Other3,4 %

Lähde: 10-K FY2026, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Torrid sells to employed women who wear plus- and mid-size clothing, typically ages 30 to 44, with above-average household income and a preference for curated, fashion-forward assortments. The customer base is built around fit, comfort, and convenience, with loyalty and credit-card programs designed to encourage repeat purchases and higher engagement across channels.

Core plus- and mid-size women

Buy apparel, intimates, and accessories designed specifically for sizes 10 to 30 and for fit consistency.

Omni-channel customers

Shop both online and in stores; they purchase more frequently and spend materially more than single-channel customers.

Torrid Rewards members

Loyalty-program customers who respond to points, tiered perks, and targeted engagement.

Torrid Credit Card holders

High-value repeat customers who use the private-label card to earn rewards and receive discounts.

Strategia

Torrid’s strategy centers on serving a narrowly defined customer with proprietary fit, fashion, and size-specific product design. The company is also rebalancing its store footprint toward online demand while using loyalty, marketing, and omni-channel engagement to drive repeat purchases and customer lifetime value.

Optimize the store footprintLyhyt aikaväli

Aligns physical distribution with customer shopping preferences and lease economics.

Increase omni-channel engagementKeskipitkä aikaväli

Customers who shop both online and in-store buy more often and spend more.

Strengthen brand and customer acquisitionKeskipitkä aikaväli

The business depends on attracting new customers efficiently and keeping them engaged.

Maintain differentiated product design and fitPitkä aikaväli

The brand competes on size-specific fit, fashion relevance, and proprietary assortments.

Maantiede

Torrid operates in North America, with its business centered on the United States and a smaller presence in Canada. Its store footprint and e-commerce platform are both important, and the company’s geography matters because consumer demand, store economics, and sourcing exposure are tied to North American retail conditions and international manufacturing flows.

Riskit

Torrid is exposed to consumer spending cycles, fashion trend shifts, and intense competition in specialty apparel and broader retail. Its business also depends on international sourcing, customer acquisition efficiency, and the success of its omni-channel model, while leases, debt, and regulatory changes add financial and operational risk.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Fashion and trend execution risk1Consumer spending weakness2International sourcing disruption3Customer acquisition and retention cost4Lease and indebtedness obligations5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Fashion and trend execution riskVaikutus: KorkeaTodennäköisyys: Korkea

    The company must identify styles, fits, and colors that resonate with its target customer.

    Kohdistuu: Merchandise mix and markdowns

  2. Consumer spending weaknessVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Apparel purchases are discretionary and can slow when households face inflation or weaker confidence.

    Kohdistuu: Sales and traffic

  3. International sourcing disruptionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    A significant amount of product is sourced from China and other overseas suppliers.

    Kohdistuu: Inventory availability and landed cost

  4. Customer acquisition and retention costVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Privacy rules and ad-tracking limits can make digital marketing less efficient.

    Kohdistuu: Marketing efficiency and repeat sales

  5. Lease and indebtedness obligationsVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The store base and financing structure create fixed obligations that can constrain flexibility.

    Kohdistuu: Liquidity and operating flexibility

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition

Store sales are recognized at point of sale, while e-commerce revenue is recognized on shipment or pickup.

Vaikutus: Affects quarterly revenue timing and comparability

Estimated merchandise returns and loyalty program expense

Net sales are reduced by expected returns and loyalty awards.

Vaikutus: Can materially change reported revenue and gross margin

Inventory valuation

Fashion retail inventory is exposed to markdowns, mix shifts, and obsolescence.

Vaikutus: Affects cost of sales, margins, and working capital

Operating lease accounting

The store footprint creates significant lease liabilities and right-of-use assets.

Vaikutus: Affects leverage, fixed obligations, and impairment risk

Private-label credit card funds

PLCC funds are recorded in net sales and depend on card program economics.

Vaikutus: Can affect revenue presentation and comparability over time

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Target Corporation

TGT · Retail-Variety Stores

J.Jill, Inc.

JILL · Women's, Misses': and Juniors Outerwear

Ross Stores, Inc

ROST · Retail-Family Clothing Stores

Revolve Group, Inc.

RVLV · Retail-Catalog & Mail-Order Houses

Dillard's, Inc

DDS · Retail-Department Stores

Reformation Inc.

REF · Women's, Misses': and Juniors Outerwear

Päivitetty: 24.9.2026