Torrid Reports Q2 GAAP EPS Beat and Missed Revenue Estimate
In its latest quarterly report, Torrid (CURV:NYSE) reported a better-than-expected GAAP earnings per share of $0.05, which beat estimates by $0.08. However, the company's revenue came in at $231.7 million, missing expectations by approximately $5.53 million. Despite this shortfall, Torrid showed improvement in gross profit margin, reporting 38.7% compared to 35.6% during the same period last year. The firm also noted that it received $11.4 million under the International Emergency Economic Powers Act (IEEPA) during the quarter. This financial update highlights a mixed performance for Torrid in Q2, with strong earnings but weaker-than-expected revenue.
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Topics: eps_beat financial_results revenue_miss