Shares of women’s plus-size apparel retailer Torrid Holdings (NYSE:CURV) jumped 30.6% in the afternoon session after the company reported fourth-quarter results that beat Wall Street's expectations and provided an optimistic financial outlook for the upcoming year.

Although the plus-size women's apparel retailer's fourth-quarter sales fell 14.3% year-over-year to $236.2 million, the figure still surpassed analyst estimates. Similarly, its reported loss of $0.08 per share was better than the projected loss of $0.13 per share. Looking ahead, the company provided an encouraging outlook, with its revenue guidance for the next quarter of $240 million at the midpoint and its full-year EBITDA guidance of $70 million at the midpoint both coming in ahead of Wall Street's expectations. The strong performance relative to forecasts and the positive outlook appeared to fuel investor confidence.

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Torrid’s shares are extremely volatile and have had 48 moves greater than 5% over the last year. But moves this big are rare even for Torrid and indicate this news significantly impacted the market’s perception of the business.

The previous big move we wrote about was 28 days ago when the stock gained 7.8% on the news that the Supreme Court struck down sweeping Trump tariffs, bringing potential relief to companies impacted by international trade disputes.

The ruling was seen as a significant win for sectors reliant on global supply chains, as tariffs, which are essentially taxes on imported goods, have increased operating costs and squeezed profit margins for many U.S. companies. The removal of these levies is expected to lower expenses for manufacturers and retailers, potentially leading to more competitive pricing and stronger earnings. This positive development appeared to outweigh earlier concerns in the session regarding reports of slowing economic growth and rising inflation, with the broader market, including the S&P 500, ticking higher on the news. In response to the ruling, the Trump administration announced plans to impose a new 10% global tariff.

Torrid is up 53.1% since the beginning of the year, but at $1.62 per share, it is still trading 74.9% below its 52-week high of $6.46 from May 2025. Investors who bought $1,000 worth of Torrid’s shares at the IPO in June 2021 would now be looking at an investment worth $67.20.

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