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Investors Cheer Torrid Holdings' Q2 Beat, Strong Q3, FY21 Outlook

Investors Cheer Torrid Holdings' Q2 Beat, Strong Q3, FY21 Outlook

投资者为TorridHoldings的第二季度节拍，强劲的第三季度，21财年前景欢呼
Benzinga Real-time News ·  2021/09/09 09:11
  • Torrid Holdings Inc (NYSE:CURV) reported second-quarter FY21 sales growth of 34% year-on-year, to $332.87 million, beating the analyst consensus of $278.05 million. Net sales increased 29% from Q2 2019.
  • Comparable sales increased 30% versus last year and 26% compared to Q2 2019.
  • Gross profit increased 87% Y/Y to $149.7 million. The gross profit margin was 45.0%, expanding 1,290 basis points from last year and 520 basis points from Q2 2019.
  • SG&A expenses more than tripled to $179 million. SG&A expenses were 53.8% of net sales versus 20.3% last year. Operating loss for the quarter was $(40.05) million.
  • Adjusted EPS of $0.36 beat the analyst consensus of $0.13. Adjusted EBITDA grew by 153% Y/Y to $86.5 million.
  • Torrid Holdings held $50.5 million in cash and equivalents as of July 31, 2021. Net cash provided by operating activities for the six months totaled $106.5 million.
  • Outlook: Torrid sees Q3 sales of $305 million - $315 million, above the consensus of $294.74 million. The company expects FY21 sales of $1.29 billion - $1.31 billion, above the consensus of $1.26 billion.
  • Meanwhile, the company expects global supply chain challenges to persist into the back half of the year.
  • Price Action: CURV shares are trading higher by 18.80% at $21.93 in premarket on the last check Thursday.
  • TorridHoldings Inc.(纽约证券交易所股票代码：CURV)公布，21财年第二季度销售额同比增长34%，达到3.3287亿美元，超出分析师一致预期的2.7805亿美元。净销售额比2019年第二季度增长了29%。
  • 可比销售额与去年相比增长了30%，与2019年第二季度相比增长了26%。
  • 毛利润同比增长87%，达到1.497亿美元。毛利率为45.0%，比去年扩大1290个基点，比2019年第二季度扩大520个基点。
  • SG&A费用增加了两倍多，达到1.79亿美元。SG&A费用占净销售额的53.8%，而去年为20.3%。该季度的营业亏损为4050万美元。
  • 调整后每股收益为0.36美元，超过分析师一致预期的0.13美元。调整后的EBITDA同比增长153%，达到8650万美元。
  • 截至2021年7月31日，TorridHoldings持有5050万美元的现金和等价物。前六个月经营活动提供的净现金总额为1.065亿美元。
  • 展望：TorRID预计第三季度销售额为3.05亿-3.15亿美元，高于2.9474亿美元的共识。该公司预计21财年销售额为12.9亿-13.1亿美元，高于12.6亿美元的共识。
  • 与此同时，该公司预计全球供应链挑战将持续到今年下半年。
  • 价格行动：在周四的最后一次检查中，CURV股价在盘前交易中上涨18.80%，至21.93美元。
声明：本内容仅用作提供资讯及教育之目的，不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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