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Alex Stratton

Research Director and Senior Analyst at Morgan Stanley

Alex Stratton is a Research Director and Senior Analyst at Morgan Stanley, specializing in U.S. retail and consumer sectors, with a particular focus on companies such as Abercrombie & Fitch. Stratton is recognized for her rigorous equity research and market insights, with performance validated by her successful investment calls including prominent upgrades covered by major media outlets. She joined Morgan Stanley and quickly established herself as an authority in retail research, leveraging prior experience in analytical roles to drive valuable results for institutional clients. Stratton holds FINRA registration and relevant securities licenses, affirming her professional credentials in the finance industry.

Alex Stratton's questions to Torrid Holdings (CURV) leadership

Alex Stratton's questions to Torrid Holdings (CURV) leadership • Q1 2025

Question

Alex Stratton of Morgan Stanley sought clarification on the second-quarter guidance, which implies a sales deceleration, and asked about quarter-to-date business trends.

Answer

CFO Paula Dempsey attributed the Q2 sales outlook to the strategic decision to pause the lower-margin shoe business, which is heavily sourced from China. CEO Lisa Harper quantified this annual impact at $40-$45 million. Regarding current trends, Harper described consumer behavior as 'choppy' with customers buying closer to need, but noted continued strength in the digital channel.

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