
Inside Tata Harper's Farm-to-Face Skincare Revolution
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Let's be honest: the clean beauty world is flooded with big promises. But how many brands can actually prove they're doing things differently? Tata Harper Skincare has carved out a rare space in this landscape, less about labels and more about traceable practices, meticulous sourcing, and ingredient integrity.
At a time when terms like 'natural' and 'non-toxic' often go unchecked, Harper's brand has earned full ECOCERT certification — one of the toughest, most respected global standards for clean and sustainable skincare. It's a distinction that puts real weight behind the marketing, and it signals that what's inside the jar matters just as much as what's not.
ECOCERT was established in France in the early nineties, long before clean beauty became a marketing trend. It was the first certification body to create standards for natural and organic beauty products. That means every certified product has to meet strict criteria around renewable ingredients, environmentally friendly processing, and responsible packaging. 'ECOCERT certification goes far beyond ingredients,' founder Tata Harper explains. 'It's about full transparency across every part of your process. We welcome it because it validates the work we've put into doing things the hard way, the right way,' Harper explains.
For brands, it's a rigorous, ongoing process that includes audits, documentation, and independent verification. For consumers, it's a rare level of reassurance.
What helps Tata Harper meet those standards is her vertically integrated approach. The brand formulates, batches, packages, and ships everything from its Vermont farm. That kind of in-house operation is nearly unheard of in luxury beauty, where white-label labs and third-party manufacturers are the norm.
'We don't outsource our formulas or our values,' Harper says. 'To me, real luxury isn't about flash; it's about craftsmanship, quality, and taking the time to do things properly.'
This model allows Harper's team to maintain control over every step of the process (from ingredient quality to freshness) without relying on outside vendors. It's slow beauty, by design.
The term '100% natural' gets tossed around a lot, but here it actually applies. Every Tata Harper product is free from synthetics and fillers. Instead, formulas are packed with active botanicals selected for performance, not for shelf-life or price point. 'We don't follow trends or chase buzzwords,' Harper notes. 'Every formula we make is intentional, and every ingredient is chosen for a specific benefit.'
Even Harper's Illuminating Moisturizer includes diamond dust — not as a gimmick, but for its light-diffusing properties that boost skin radiance. It's gemstone skincare with a grounded purpose.
A big part of Harper's ECOCERT certification comes down to what happens after a product is made. More than 60% of customers now use their refillable bottle system, which helps to keep more jars per year out of landfills. When glass doesn't make sense, Harper opts for sugarcane-derived bioplastics that are 100% recyclable.
The brand also collaborates with ingredient suppliers who repurpose byproducts, like fruit seeds discarded from the food industry, into potent plant-based extracts. It's not flashy, but it reflects a systems-level approach to sustainability that many clean beauty brands simply haven't implemented.
ECOCERT certification is rare in the U.S. skincare market, and even rarer at the luxury level. Brands like Melvita, Green People, and Natura Siberica hold certification, too, but Tata Harper remains one of the few operating at scale with fully in-house production and a zero-waste mindset.
Harper's brand hasn't just played by the clean beauty rules, it helped write them. And while the industry continues to shift, the groundwork she laid a decade ago is only becoming more relevant.
Tata Harper's approach is less about trend-chasing and more about system-building. Her brand offers a glimpse at what clean beauty can look like when it's approached as a craft rather than a category. For consumers, that means access to high-performing skincare with verified sustainability credentials. And for the industry, it's a reminder that doing things right often means doing them yourself.
Click here for more information on Tata Harper

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Capital expenditures between $10 million and $15 million reflecting infrastructure and technology investment. Up to 180 store closures to better align our current demand and sales channels. A net tariff impact of $20 million, based on current rates; to be fully offset by discretionary cost reductions, store optimization, and project prioritization. A neutral EBITDA impact and revenue reduction of $40 million to $45 million in 2025 from a pause in China-sourced shoe category; exploring more profitable re-entry strategy. The above outlook is based on several assumptions, including, but not limited to, the macroeconomic challenges in the industry in fiscal 2025. The above outlook does not take into consideration the volatility of tariff changes or its impact on inflation or consumer demand. See "Forward-Looking Statements" for additional information. Conference Call Details A conference call to discuss the Company's fiscal 2025 first quarter results is scheduled for June 5, 2025, at 4:30 p.m. ET. Those who wish to participate in the call may do so by dialing (877) 407-9208 or (201) 493-6784 for international callers. The conference call will also be webcast live at For those unable to participate, a replay of the conference call will be available approximately three hours after the conclusion of the call until June 12, 2025. Notes (1) Adjusted EBITDA is a non-GAAP financial measure. See "Non-GAAP Financial Measures" and "Non-GAAP Reconciliation" for additional information on non-GAAP financial measures and the accompanying table for a reconciliation to the most comparable GAAP measure. The Company does not provide reconciliations of the forward-looking non-GAAP measures of Adjusted EBITDA to the most directly comparable forward-looking GAAP measure because the timing and amount of excluded items are unreasonably difficult to fully and accurately estimate. For the same reasons, the Company is unable to address the probable significance of the unavailable information, which could be material to future results. (2) Comparable sales for any given period are defined as the sales of Torrid's e-Commerce operations and stores that it has included in its comparable sales base during that period. The Company includes a store in its comparable sales base after it has been open for 15 full fiscal months. If a store is closed during a fiscal year, it is only included in the computation of comparable sales for the full fiscal months in which it was open. Partial fiscal months are excluded from the computation of comparable sales. We also determine when certain store remodels and relocations are reintegrated into our comparable sales base. Comparable sales for the first quarter of fiscal year 2024 compares sales for the 13-week period ended May 4, 2024 with sales for the 13-week period ended May 6, 2023. Partial fiscal months are excluded from the computation of comparable sales. We apply current year foreign currency exchange rates to both current year and prior year comparable sales to remove the impact of foreign currency fluctuation and achieve a consistent basis for comparison. Comparable sales allow us to evaluate how our unified commerce business is performing exclusive of the effects of non-comparable sales and new store openings. About Torrid TORRID is a direct-to-consumer brand in North America dedicated to offering a diverse assortment of stylish apparel, intimates, and accessories skillfully designed for the curvy woman. Specializing in sizes 10 to 30, our primary focus is on providing fashionable, comfortable, and affordable options that meet the unique needs of our customers. Our extensive collection features high quality merchandise, including tops, bottoms, denim, dresses, intimates, activewear, footwear, and accessories. Our products are exclusive to us, and each product is meticulously crafted to cater to the needs of the curvy woman, empowering her to love the way she looks and feels. Our collections are artfully curated to suit all aspects of our customers' lives, including casual weekends, work, dressy and special occasions. Understanding the importance of affordability, we aim to keep our prices reasonable without compromising on quality. This allows us to build a meaningful connection with our customers, distinguishing us from other brands that often overlook plus- and mid-size consumers. Our brand experience and product offerings establish us as a differentiated and reliable choice for plus- and mid-size customers, which we believe sets us apart in the market. We strive to be everything our customer needs in her closet, consistently delivering products that make her feel confident and stylish. Non-GAAP Financial Measures In addition to results determined in accordance with accounting principles generally accepted in the United States of America ("GAAP"), management utilizes certain non-GAAP performance measures, such as Adjusted EBITDA, for purposes of evaluating ongoing operations and for internal planning and forecasting purposes. We believe that these non-GAAP operating measures, when reviewed collectively with our GAAP financial information, provide useful supplemental information to investors in assessing our operating performance. Adjusted EBITDA is a supplemental measure of our operating performance that is neither required by, nor presented in accordance with, GAAP and our calculations thereof may not be comparable to similarly titled measures reported by other companies. Adjusted EBITDA represents GAAP net income (loss) plus interest expense less interest income, net of other expense (income), plus provision for (benefit from) income taxes, depreciation and amortization ("EBITDA"), and share-based compensation, non-cash deductions and charges, and other expenses. We believe Adjusted EBITDA facilitates operating performance comparisons from period to period by isolating the effects of certain items that vary from period to period without any correlation to ongoing operating performance. We also use Adjusted EBITDA as one of the primary methods for planning and forecasting the overall expected performance of our business and for evaluating on a quarterly and annual basis, actual results against such expectations. Further, we recognize Adjusted EBITDA as a commonly used measure in determining business value and, as such, use it internally to report and analyze our results and as a benchmark to determine certain non-equity incentive payments made to executives. Adjusted EBITDA has limitations as an analytical tool. This measure is not a measurement of our financial performance under GAAP and should not be considered in isolation or as an alternative to or substitute for net income (loss), income (loss) from operations, earnings (loss) per share or any other performance measures determined in accordance with GAAP or as an alternative to cash flows from operating activities as a measure of our liquidity. Our presentation of Adjusted EBITDA should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. Forward-Looking Statements Certain statements made in this earnings release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and are subject to the safe harbor created thereby under the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current fact included in this earnings release are forward-looking statements. Forward-looking statements reflect our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as "anticipate," "estimate," "expect," "project," "plan," "intend," "believe," "may," "will," "should," "can have," "likely" and other words and terms of similar meaning (including their negative counterparts or other various or comparable terminology). For example, all statements we make relating to our expected first quarter of fiscal 2025, our full year fiscal 2025 performance and our plans and objectives for future operations, growth or initiatives are forward-looking statements. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those that we expected, including: changes in consumer spending and general economic conditions; the interruption of the flow of merchandise from international manufacturers, including as a result of the imposition of additional duties, tariffs and other charges on imports and exports; the negative impact on interest expense as a result of high interest rates; inflationary pressures with respect to labor and raw materials and global supply chain constraints that could increase our expenses; the adverse impact of rulemaking changes implemented by the Consumer Financial Protection Bureau on our income streams, profitability and results of operations; our ability to identify and respond to new and changing product trends, customer preferences and other related factors; our dependence on a strong brand image; increased competition from other brands and retailers; our reliance on third parties to drive traffic to our website; the success of the shopping centers in which our stores are located; our ability to adapt to consumer shopping preferences and develop and maintain a relevant and reliable omni-channel experience for our customers; our dependence upon independent third parties for the manufacture of all of our merchandise; availability constraints and price volatility in the raw materials used to manufacture our products; our sourcing a significant amount of our products from China; shortages of inventory, delayed shipments to our e-Commerce customers and harm to our reputation due to difficulties or shut-down of our distribution facility; our reliance upon independent third-party transportation providers for substantially all of our product shipments; our growth strategy; our failure to attract and retain employees that reflect our brand image, embody our culture and possess the appropriate skill set; damage to our reputation arising from our use of social media, email and text messages; our reliance on third parties for the provision of certain services, including real estate management; our dependence upon key members of our executive management team; our reliance on information systems; system security risk issues that could disrupt our internal operations or information technology services; unauthorized disclosure of sensitive or confidential information, whether through a breach of our computer system, third-party computer systems we rely on, or otherwise; our failure to comply with federal and state laws and regulations and industry standards relating to privacy, data protection, advertising and consumer protection; payment-related risks that could increase our operating costs or subject us to potential liability; claims made against us resulting in litigation; changes in laws and regulations applicable to our business; regulatory actions or recalls arising from issues with product safety; our inability to protect our trademarks or other intellectual property rights; our substantial indebtedness and lease obligations; restrictions imposed by our indebtedness on our current and future operations; changes in tax laws or regulations or in our operations that may impact our effective tax rate; the possibility that we may recognize impairments of definite-lived assets; our failure to maintain adequate internal control over financial reporting; and the threat of war, terrorism or other catastrophes, including natural disasters, that could negatively impact our business. The outcome of the events described in any of our forward-looking statements are also subject to risks, uncertainties and other factors described in the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC") on April 1, 2025 and in our other filings with the SEC and public communications. You should evaluate all forward-looking statements made in this communication in the context of these risks and uncertainties. We derive many of our forward-looking statements from our operating budgets and forecasts, which are based upon many detailed assumptions. While we believe that our assumptions are reasonable, we caution that it is very difficult to predict the effect of known factors, and it is impossible for us to anticipate all factors that could affect our actual results. We caution you that the important factors referenced above may not include all of the factors that are important to you. In addition, we cannot assure you that we will realize the results or developments we expect or anticipate or, even if substantially realized, that they will result in the outcomes or affect us or our operations in the way we expect. The forward-looking statements included in this earnings release are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise except to the extent required by law. Our forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures or investments. Investors and others should note that we may announce material information to our investors using our investor relations website ( SEC filings, press releases, public conference calls and webcasts. We use these channels, as well as social media, to communicate with our investors and the public about our company, our business and other issues. It is possible that the information that we post on social media could be deemed to be material information. We therefore encourage investors to visit these websites from time to time. The information contained on such websites and social media posts is not incorporated by reference into this filing. Further, our references to website URLs in this filing are intended to be inactive textual references only. TORRID HOLDINGS INC. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (In thousands, except per share data) Three Months Ended May 3, 2025 May 4, 2024 Net sales $ 265,965 $ 279,771 Cost of goods sold 164,563 164,350 Gross profit 101,402 115,421 Selling, general and administrative expenses 70,016 76,466 Marketing expenses 15,359 12,812 Income from operations 16,027 26,143 Interest expense 8,161 9,377 Interest income, net of other (income) expense (706 ) 110 Income before provision for income taxes 8,572 16,656 Provision for income taxes 2,632 4,484 Net income $ 5,940 $ 12,172 Net earnings per share: Basic $ 0.06 $ 0.12 Diluted $ 0.06 $ 0.12 Weighted average number of shares: Basic 104,915 104,268 Diluted 106,041 105,247 Other comprehensive income (loss): Foreign currency translation adjustment 375 (89 ) Total other comprehensive income (loss) 375 (89 ) Comprehensive income $ 6,315 $ 12,083 TORRID HOLDINGS INC. CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (In thousands, except share and per share data) May 3, 2025 February 1, 2025 Assets Current assets: Cash and cash equivalents $ 23,693 $ 48,523 Restricted cash 399 399 Inventory 149,570 148,493 Prepaid expenses and other current assets 26,905 24,507 Prepaid income taxes 1,824 4,244 Total current assets 202,391 226,166 Property and equipment, net 71,521 77,669 Operating lease right-of-use assets 132,672 140,651 Deposits and other noncurrent assets 19,774 18,935 Deferred tax assets 16,620 16,620 Intangible asset 8,400 8,400 Total assets $ 451,378 $ 488,441 Liabilities and Stockholders' Deficit Current liabilities: Accounts payable $ 62,146 $ 72,378 Accrued and other current liabilities 107,083 125,743 Operating lease liabilities 38,661 40,505 Current portion of term loan 16,144 16,144 Due to related parties 7,858 8,362 Income taxes payable 116 — Total current liabilities 232,008 263,132 Noncurrent operating lease liabilities 125,407 134,481 Noncurrent debt, net 268,373 272,409 Deferred compensation 3,630 3,913 Other noncurrent liabilities 5,781 5,595 Total liabilities 635,199 679,530 Commitments and contingencies Stockholders' Deficit: Preferred shares: $0.01 par value; 5,000,000 shares authorized; no shares issued and outstanding at May 3, 2025 and February 1, 2025 — — Common shares: $0.01 par value; 1,000,000,000 shares authorized; 105,000,414 and 104,859,266 shares issued and outstanding at May 3, 2025 and February 1, 2025, respectively 1,050 1,049 Additional paid-in capital 140,981 140,029 Accumulated deficit (325,329 ) (331,269 ) Accumulated other comprehensive loss (523 ) (898 ) Total stockholders' deficit (183,821 ) (191,089 ) Total liabilities and stockholders' deficit $ 451,378 $ 488,441 TORRID HOLDINGS INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (In thousands) Three Months Ended May 3, 2025 May 4, 2024 OPERATING ACTIVITIES Net income $ 5,940 $ 12,172 Adjustments to reconcile net income to net cash (used in) provided by operating activities: Write down of inventory 588 685 Operating right-of-use assets amortization 8,945 10,169 Depreciation and other amortization 9,774 9,639 Share-based compensation 1,469 1,658 Other (2,806 ) (590 ) Changes in operating assets and liabilities: Inventory (1,410 ) (3,431 ) Prepaid expenses and other current assets (2,398 ) (4,803 ) Prepaid income taxes 2,420 969 Deposits and other noncurrent assets (877 ) (1,176 ) Accounts payable (10,721 ) 12,911 Accrued and other current liabilities (18,354 ) 3,126 Operating lease liabilities (10,035 ) (15,840 ) Other noncurrent liabilities 121 (165 ) Deferred compensation (283 ) (215 ) Due to related parties (504 ) (810 ) Income taxes payable 116 3,325 Net cash (used in) provided by operating activities (18,015 ) 27,624 INVESTING ACTIVITIES Purchases of property and equipment (2,547 ) (7,008 ) Net cash used in investing activities (2,547 ) (7,008 ) FINANCING ACTIVITIES Proceeds from revolving credit facility 50,490 62,780 Principal payments on revolving credit facility (50,490 ) (70,050 ) Principal payments on term loan (4,375 ) (4,375 ) Proceeds from issuances under share-based compensation plans 27 86 Withholding tax payments related to vesting of restricted stock units and awards and exercise of non qualified stock options (326 ) (300 ) Net cash used in financing activities (4,674 ) (11,859 ) Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash 406 (27 ) (Decrease) increase in cash, cash equivalents and restricted cash (24,830 ) 8,730 Cash, cash equivalents and restricted cash at beginning of period 48,922 12,134 Cash, cash equivalents and restricted cash at end of period $ 24,092 $ 20,864 SUPPLEMENTAL INFORMATION Cash paid during the period for interest related to the revolving credit facility and term loan $ 7,763 $ 9,709 Cash paid during the period for income taxes $ 69 $ 201 SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES Property and equipment purchases included in accounts payable and accrued liabilities $ 1,521 $ 1,927 Non-GAAP Reconciliation The following table provides a reconciliation of Net income to Adjusted EBITDA for the periods presented (dollars in thousands): Three Months Ended May 3, 2025 May 4, 2024 Net income $ 5,940 $ 12,172 Interest expense 8,161 9,377 Interest income, net of other (income) expense (706 ) 110 Provision for income taxes 2,632 4,484 Depreciation and amortization(A) 9,394 9,259 Share-based compensation(B) 1,469 1,658 Noncash deductions and charges(C) 52 (58 ) Other expenses(D) 186 1,225 Adjusted EBITDA $ 27,128 $ 38,227 _________________________ (A) Depreciation and amortization excludes amortization of debt issuance costs and original issue discount that are reflected in interest expense. (B) During the three months ended May 3, 2025 and May 4, 2024, share-based compensation includes $0.2 million and $0.4 million, respectively, for awards that will be settled in cash as they are accounted for similar to awards settled in shares in accordance with ASC 718, Compensation—Stock Compensation. (C) Noncash deductions and charges includes noncash losses on property and equipment disposals and the net impact of noncash rent expense. (D) Other expenses include severance costs for certain key management positions, certain transaction and litigation fees, and the reimbursement of certain management expenses, primarily for travel, incurred by Sycamore on our behalf, which are not considered to be part of our core business. View source version on Contacts Investors Tom FilandroLyn WaltherIR@ Media Joele Frank, Wilkinson Brimmer KatcherMichael Freitag / Arielle Rothstein / Lyle WestonMedia@ Sign in to access your portfolio