Shares of Torrid Holdings (NYSE:CURV) jumped 28% on March 20 following better-than-expected Q4 fiscal 2025 results. Despite ongoing declines in revenue and profitability, the company outlined turnaround efforts including store optimization and sub-brand expansion. Management forecasts improved EBITDA and cash flow for 2026.
On March 20, Torrid Holdings, a direct-to-consumer retailer listed as CURV on the NYSE, saw its stock price surge 28% after releasing financial results for the fourth quarter of its 2025 fiscal year. The earnings exceeded analyst expectations, even as revenue continued to decline and profitability faced challenges, according to a Seeking Alpha analysis published that day at 18:49 ET (noting the 2026 timestamp may reflect fiscal projections or a publication error in source metadata). The analyst highlighted early signs of a turnaround through store optimization and growth in sub-brands. Management projects sub-brand revenue to increase from $70 million in 2025 to $110 million in 2026, which is expected to offset broader sales declines and support improved EBITDA and cash flow in 2026. Given the company's low valuation multiples and potential for margin improvements, the analyst upgraded the stock rating to 'Hold', while awaiting further evidence of sustained profitability. The author disclosed no positions in CURV and no plans to initiate any within 72 hours. Seeking Alpha emphasized that the views are those of the independent author and not investment advice.
