Torrid Holdings (Torrid Holdings) Gross Margin % : 34.46% (As of Jan. 2024)

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What is Torrid Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Torrid Holdings's Gross Profit for the three months ended in Jan. 2024 was $101 Mil. Torrid Holdings's Revenue for the three months ended in Jan. 2024 was $294 Mil. Therefore, Torrid Holdings's Gross Margin % for the quarter that ended in Jan. 2024 was 34.46%.

The historical rank and industry rank for Torrid Holdings's Gross Margin % or its related term are showing as below:

CURV' s Gross Margin % Range Over the Past 10 Years
Min: 34.64 Med: 35.6 Max: 41.43
Current: 35.24

During the past 6 years, the highest Gross Margin % of Torrid Holdings was 41.43%. The lowest was 34.64%. And the median was 35.60%.

CURV's Gross Margin % is ranked worse than
52.56% of 1094 companies
in the Retail - Cyclical industry
Industry Median: 36.66 vs CURV: 35.24

Torrid Holdings had a gross margin of 34.46% for the quarter that ended in Jan. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Torrid Holdings was -0.20% per year.

Torrid Holdings Gross Margin % Historical Data

The historical data trend for Torrid Holdings's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Torrid Holdings Gross Margin % Chart

Torrid Holdings Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Gross Margin %

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38.19

34.64

41.43

35.67

35.24

Torrid Holdings Quarterly Data
	Jan19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Gross Margin %	Get a 7-Day Free Trial													31.93	37.65	35.51	33.22	34.46

Competitive Comparison of Torrid Holdings's Gross Margin %

For the Apparel Retail subindustry, Torrid Holdings's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Torrid Holdings's Gross Margin % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Torrid Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Torrid Holdings's Gross Margin % falls into.

Torrid Holdings Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Torrid Holdings's Gross Margin for the fiscal year that ended in Jan. 2024 is calculated as

Gross Margin % (A: Jan. 2024 )	=	Gross Profit (A: Jan. 2024 )	/	Revenue (A: Jan. 2024 )
	=	406	/	1151.945
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1151.945 - 745.967)	/	1151.945
	=	35.24 %

Torrid Holdings's Gross Margin for the quarter that ended in Jan. 2024 is calculated as

Gross Margin % (Q: Jan. 2024 )	=	Gross Profit (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	101.2	/	293.539
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(293.539 - 192.382)	/	293.539
	=	34.46 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Torrid Holdings (NYSE:CURV) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Torrid Holdings had a gross margin of 34.46% for the quarter that ended in Jan. 2024 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Torrid Holdings Gross Margin % Related Terms

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Torrid Holdings (Torrid Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Torrid Holdings Inc (NYSE:CURV) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

18501 East San Jose Avenue, City of Industry, CA, USA, 91748

Website

https://www.torrid.com

Torrid Holdings Inc is a direct-to-consumer brand of apparel, intimates and accessories in North America targeting the 25- to 40-year old woman. It is focused on fit and offers high quality products across a broad assortment that includes tops, bottoms, denim, dresses, intimates, activewear, footwear and accessories. The company has one reportable segment, which includes the operation of e-Commerce platform and stores.

Executives

Valeria Rico Nikolov	director	C/O TORRID HOLDINGS INC., 18501 EAST SAN JOSE AVENUE, CITY OF INDUSTRY CA 91748
Mark Mizicko	officer: Chief Commercial Officer	18305 E. SAN JOSE AVE., CITY OF INDUSTRY CA 91748
Paula Dempsey	officer: See Remarks	18501 EAST SAN JOSE AVENUE, CITY OF INDUSTRY CA 91748
Theo Killion	director	C/O TOMMY HILFIGER U.S.A., INC., 25 W. 39TH STREET, NEW YORK NY 10018
Bridgett C. Zeterberg	officer: See Remarks	18501 E. SAN JOSE AVENUE, CITY OF INDUSTRY CA 91748
Timothy O Martin	officer: See Remarks	AMGEN INC, ONE AMGEN CENTER DRIVE, THOUSAND OAKS CA 91320-1799
Michael A Shaffer	director	C/O PHILLIPS-VAN HEUSEN CORPORATION, 200 MADISON AVENUE, NEW YORK NY 10016
Chinwe Abaelu	officer: See Remarks	C/O TORRID INC., 18501 E. SAN JOSE AVE., CITY OF INDUSTRY CA 91748
Tanner Macdiarmid	officer: See Remarks	C/O TORRID INC., 18501 E. SAN JOSE AVE., CITY OF INDUSTRY CA 91748
Kelly Mcguire Diehl	officer: See Remarks	C/O TORRID INC., 18501 E. SAN JOSE AVE., CITY OF INDUSTRY CA 91748
Anne Stephenson	officer: See Remarks	C/O TORRID INC., 18501 E. SAN JOSE AVE., CITY OF INDUSTRY CA 91748
Elizabeth Munoz	director, officer: Chief Executive Officer	C/O TORRID INC., 18501 E. SAN JOSE AVE., CITY OF INDUSTRY CA 91748
Michael Robert Salmon	officer: Chief Operating Officer	C/O TORRID INC., 18501 E. SAN JOSE AVE., CITY OF INDUSTRY CA 91748
George Wehlitz	officer: Chief Financial Officer	C/O TORRID HOLDINGS, 18501 EAST SAN JOSE AVENUE, CITY OF INDUSTRY CA 91748
Sycamore Partners Torrid, L.l.c.	10 percent owner	9 W. 57TH STREET, 31ST FLOOR, NEW YORK NY 10019