Torrid Holdings Fundamentals Are Not Improving Much, But The Stock Is Optimistic. Still A Hold
CURVTorrid (CURV) Seeking Alpha·2024-06-25 21:13

MStudioImages/E+ via Getty Images Torrid Holdings (NYSE:CURV) is an apparel retailer specialized in plus-size women. This article covers the company's 1Q24 results and earnings call. The results were not good, with comparable sales down 9%. Margins and operating profits improved thanks to lower product costs. I started covering Torrid in April 2024 with a Hold rating. The company has high financial leverage and negative revenue performance. Compared to these characteristics, the price asked for the stock wa ...