Recap: Torrid Holdings Q1 Earnings
Portfolio Pulse from Benzinga Insights
Torrid Holdings (NYSE:CURV) reported Q1 earnings with an EPS of $0.11, missing estimates by 8.33%. Revenue was down $34.55 million from the same period last year. Last quarter, the company missed on EPS by $0.24, followed by a 21.85% increase in share price the next day.
June 07, 2023 | 8:15 pm
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Torrid Holdings missed Q1 earnings estimates with an EPS of $0.11, down 8.33% from estimates. Revenue decreased by $34.55 million YoY. Last quarter, the stock price increased 21.85% after missing EPS.
Torrid Holdings missed Q1 earnings estimates, which could have a negative impact on the stock price. However, last quarter, the stock price increased 21.85% after missing EPS, indicating that the market may have already priced in the earnings miss. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100