earnings
confidence high
sentiment negative
materiality 0.75
Torrid Q4 net sales up 5.5% but adjusted EBITDA drops 35%; FY2022 guidance below FY2021
Torrid Holdings Inc.
2021-FY EPS reported
-$0.27
revenue$1,278,794,000
- Q4 net sales $313.9M (+5.5% YoY, +15.8% vs 2019); comparable sales +4.5%.
- Q4 net loss $22.8M ($0.21 loss) vs $8.8M last year due to one-time non-cash IPO-related tax charge.
- Q4 adjusted EBITDA $28.4M (9.1% margin) down from $44.0M (14.8%); adjusted EPS $0.09 vs $0.22.
- Full-year FY2021 net sales $1.2788B (+31.4%), adjusted EBITDA $245.9M (19.2%) vs $100.8M (10.4%).
- FY2022 guidance: net sales $1.30-1.365B, adjusted EBITDA $195-220M (down from FY2021), capex $30-35M.