Torrid's Q2 Gross Margin Jumps to 38.7% on $11.1M Tariff Refund
CURV has more than doubled off its 52-week low of $0.939 on elevated volume (2.0× avg).
Summary
Torrid's Q2 results show a tariff refund of $11.1 million boosted gross margin to 38.7% from 35.6% a year ago; without the refund, margin would have been 33.9%. Net sales fell 11.8% to $231.7 million and comparable sales dropped 6.3%, but CEO Lisa Harper noted sales trends improved through July. The company also raised full-year guidance, per the 8-K filed today. This is the first detailed news report of the quarter, adding specifics to the earlier filing.
At the time of this announcement, CURV was trading at $2.58 on NYSE in the Trade & Services sector, with a market capitalization of approximately $221.9M. The 52-week trading range was $0.94 to $2.86. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.