Women’s plus-size apparel retailer Torrid Holdings (NYSE:CURV) will be reporting results tomorrow after the bell. Here's what investors should know.
Last quarter Torrid reported revenues of $289.1 million, down 18.2% year on year, in line with analyst expectations. It was a weak quarter for the company, with revenue guidance for next quarter missing analysts' expectations.
Is Torrid buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Torrid's revenue to decline 15.2% year on year to $245.8 million, a further deceleration on the 5.3% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.05 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates three times over the last two years.
Looking at Torrid's peers in the apparel retailer segment, some of them have already reported Q3 earnings results, giving us a hint what we can expect. Gap's revenues decreased 6.7% year on year, beating analyst estimates by 4.4% and Abercrombie and Fitch (NYSE:ANF) reported revenues up 20% year on year, exceeding estimates by 7.7%. Gap traded up 8% on the results, and Abercrombie and Fitch was down 4.3%.
Read the full analysis of Gap's and Abercrombie and Fitch's results on StockStory.
There has been positive sentiment among investors in the apparel retailer segment, with the stocks up on average 9.5% over the last month. Torrid is up 45.1% during the same time, and is heading into the earnings with analyst price target of $2.2, compared to share price of $4.3.
The author has no position in any of the stocks mentioned.