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

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

投資者為TorridHoldings的第二季度節拍，強勁的第三季度，21財年前景歡呼
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.(紐約證券交易所股票代碼：CURV)公佈，21財年第二季度銷售額同比增長34%，達到3.3287億美元，超出分析師一致預期的2.7805億美元。淨銷售額比2019年第二季度增長了29%。
  • 可比銷售額與去年相比增長了30%，與2019年第二季度相比增長了26%。
  • 毛利潤同比增長87%，達到1.497億美元。毛利率為45.0%，比去年擴大1290個基點，比2019年第二季度擴大520個基點。
  • SG&A費用增加了兩倍多，達到1.79億美元。SG&A費用佔淨銷售額的53.8%，而去年為20.3%。該季度的營業虧損為4050萬美元。
  • 調整後每股收益為0.36美元，超過分析師一致預期的0.13美元。調整後的EBITDA同比增長153%，達到8650萬美元。
  • 截至2021年7月31日，TorridHoldings持有5050萬美元的現金和等價物。前六個月經營活動提供的淨現金總額為1.065億美元。
  • 展望：TorRID預計第三季度銷售額為3.05億-3.15億美元，高於2.9474億美元的共識。該公司預計21財年銷售額為12.9億-13.1億美元，高於12.6億美元的共識。
  • 與此同時，該公司預計全球供應鏈挑戰將持續到今年下半年。
  • 價格行動：在週四的最後一次檢查中，CURV股價在盤前交易中上漲18.80%，至21.93美元。
声明：本內容僅用作提供資訊及教育之目的，不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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