Torrid Holdings Q2 EPS $0.06 Misses $0.10 Estimate, Sales $289.14M Beat $286.74M Estimate
Portfolio Pulse from Happy Mohamed
Torrid Holdings (NYSE:CURV) reported Q2 earnings of $0.06 per share, missing the analyst consensus estimate of $0.10 by 40%. This is a 72.73% decrease from the same period last year. However, the company's quarterly sales of $289.14 million beat the analyst consensus estimate of $286.74 million by 0.84%, despite being a 15.18% decrease from the same period last year.
September 06, 2023 | 8:23 pm
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NEGATIVE IMPACT
Torrid Holdings' Q2 earnings missed estimates by 40% and decreased 72.73% YoY. Sales beat estimates by 0.84% but decreased 15.18% YoY.
The company's earnings missed estimates significantly and decreased substantially from the same period last year, which is likely to negatively impact the stock price. However, the sales beat estimates, which might mitigate the negative impact to some extent. Overall, the news is more negative than positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100