UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 29, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-40571 (State or other jurisdiction of incorporation or organization) 18501 East San Jose Avenue City of Industry, California (Addres ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 28, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-40571 TORRID HOLDINGS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organiz ...

Torrid Holdings Inc. (NYSE:CURV) Q4 2022 Earnings Conference Call March 23, 2023 4:30 PM ET Company Participants Paula Dempsey - SVP of Finance and IR Vince Adams - SVP, Finance Lisa Harper - CEO Tim Martin - COO and CFO Conference Call Participants Lorraine Hutchinson - Bank of America Dana Telsey - Telsey Advisory Group Mark Altschwager - Baird Corey Tarlowe - Jefferies Jonna Kim - TD Cowen Dylan Carden - William Blair Brooke Roach - Goldman Sachs Alex Straton - Morgan Stanley Operator Greetings. Welcome ...

Financial Data and Key Metrics Changes - Net sales for Q3 2022 were $290 million, down 5% from $306 million in Q3 2021, with comparable sales declining 8% compared to a 14% increase in the same quarter last year [24][25] - Gross profit was $92 million, representing 31.6% of net sales, a decline from $125 million or 40.9% of net sales in Q3 2021, primarily due to increased discounts and inflationary pressures [26] - Net income for the quarter was $7 million or $0.07 per share, compared to a net loss of $59 million or a loss of $0.54 per share in the same period last year [30] - Adjusted EBITDA was $32 million, or 11.1% of net sales, at the low end of guidance [31] Business Line Data and Key Metrics Changes - The Studio collection launch positively impacted customer response, driving a 30 percentage point improvement in workwear sales growth compared to the prior quarter [16] - The Festi collection saw strong engagement from loyal customers, with VIP customer penetration more than double that of other categories [17] Market Data and Key Metrics Changes - Approximately 30% of customers shopping in new stores were new to the Torrid brand, spending 25% more in their first year compared to those acquired online [13] - The company experienced a slowdown in consumer demand during October, coinciding with the Torrid Cash event, which negatively impacted sales [8] Company Strategy and Development Direction - The company is focused on enhancing promotional and marketing strategies to balance margin and sales growth, with plans to implement margin-enhancing promotions in 2023 [10][11] - Store acquisition remains a critical growth strategy, with a focus on reengaging lapsed customers and improving retention [12][14] - The company plans to open approximately 27 new stores in 2022, including eight Curve stores, while closing 13 stores [34] Management Comments on Operating Environment and Future Outlook - Management acknowledged the challenging macroeconomic environment and the need to maintain clean inventory levels, projecting net sales for Q4 2022 to be between $285 million and $300 million [35] - The company is optimistic about product development for 2023, with a focus on maintaining flexibility in inventory investments to align with demand trends [71] Other Important Information - Total liquidity at the end of Q3 was $159.4 million, with total debt at $327 million, down from $341 million in Q3 2021 [32] - Inventory at the end of the quarter was $200 million, an increase of 25% compared to $159 million in the prior year, but a significant improvement from 64% growth at the end of Q2 [33] Q&A Session Summary Question: Inventory strategies and consumer environment - Management indicated that inventory aging is positive, with a focus on managing basics and ensuring timely receipt of spring products [41][42] - The company is confident in moderating promotions moving forward, with a clean inventory expected [43] Question: Customer base and retention - Retention numbers are strong, with plans for multiple product launches to drive frequency among core customers [54] Question: Inflation impact on customers - Inflation has begun to impact all income levels, with management noting that lower-income customers were affected first [59][76] Question: Black Friday performance and holiday season outlook - The company experienced a better-than-expected response in-store during Black Friday, despite being highly promotional [68] Question: Operational planning for 2023 - Management is maintaining flexibility in inventory investments to react to demand trends as they approach 2023 [71]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 29, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-40571 TORRID HOLDINGS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...

Financial Data and Key Metrics Changes - Net sales grew 2% to $341 million compared to $333 million last year, with comparable sales up 1% [25][32] - Gross margin rate was 34.9%, down from 45% in the same quarter last year, primarily due to higher discounts and inflationary pressures [10][27] - Adjusted EBITDA was $52 million, or 15.3% of net sales, compared to $87 million, or 26% of net sales in the second quarter of 2021 [33] Business Line Data and Key Metrics Changes - The company focused on clearing seasonal inventory, leading to higher promotions and markdowns that impacted gross margin [10][27] - The launch of the new "Studio by Torrid" workwear line was highlighted as a significant product introduction [16][71] Market Data and Key Metrics Changes - The company experienced a decrease in year-over-year traffic due to macroeconomic challenges, including higher fuel prices and inflation [8][49] - Online traffic increased, with improved conversion rates noted during the quarter [8][50] Company Strategy and Development Direction - The company aims to enhance promotional and marketing strategies to balance margin and sales growth [7][12] - Plans to refine marketing strategies include targeting lapsed customers and adjusting promotional discounts based on inventory and demand [15][46] - The company is committed to expanding its store base, with plans to open approximately 34 stores for the year [36][64] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for the second half of the year, projecting sales to be between $290 million and $305 million for Q3 [37] - The company is focused on improving inventory levels and expects to see benefits from recent operational changes in the upcoming quarters [23][74] Other Important Information - The company successfully launched a new ERP system and upgraded its distribution center, doubling its capacity [11][22] - Total debt at the end of the quarter was $335 million, with a net debt to adjusted EBITDA ratio of 1.7 times [35] Q&A Session Summary Question: Sales guidance for the back half of the year - Management indicated that the guidance is conservative due to the macroeconomic environment, projecting flat trends compared to the first half [42] Question: Pricing and promotional strategies - Management plans to optimize promotions based on specific product categories rather than blanket discounts, aiming to improve gross margins [45][46] Question: Monthly sales trends during the quarter - Management noted that June's high gas prices impacted traffic, but online traffic showed positive trends [49][50] Question: Merchandise strategy and assortment appeal - Management confirmed a broader assortment to meet customer needs, focusing on flexibility and alternatives in product offerings [54] Question: Store count and growth opportunities - Management emphasized the profitability of the store fleet and its role in customer acquisition, indicating plans for strategic store openings [63][64] Question: Margin drivers and holiday season preparations - Management highlighted that margin opportunities in the back half of the year will depend on inventory levels and product desirability [72][76]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-40571 TORRID HOLDINGS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or or ...

Torrid Holdings Inc. (NYSE:CURV) Q1 2022 Earnings Conference Call June 7, 2022 4:30 PM ET Company Participants Vince Adams – Senior Vice President, FP&A and Investor Relations Lisa Harper – Chief Executive Officer Tanner MacDiarmid – Interim Chief Financial Officer Conference Call Participants Mark Altschwager – Baird Lorraine Hutchinson – Bank of America Dylan Carden – William Blair Brooke Roach – Goldman Sachs Kimberly Greenberger – Morgan Stanley Joanne Manno – Cowen & Company Dana Telsey – Telsey Adviso ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-40571 TORRID HOLDINGS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 29, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-40571 TORRID HOLDINGS INC. (Exact name of registrant as specified in its chart ...