earnings
confidence high
sentiment neutral
materiality 0.70
Torrid beats Q1 net sales and EBITDA guidance but gross margin down 640 bps
Torrid Holdings Inc.
2022-Q1 EPS reported
$0.23
revenue$328,409,000
- Net sales $328.4M (+1% YoY) and Adj. EBITDA $51.8M (15.8% of sales) exceeded guidance.
- Gross profit margin 38.1% vs 44.5% last year, pressured by higher promotions and supply-chain costs.
- Repurchased $23M of common stock under existing buyback program.
- Q2 FY22 guidance: sales $350-360M, Adj. EBITDA $53-58M; full-year sales $1.30-1.365B, Adj. EBITDA $195-220M.
- Comparable sales declined 2% in Q1; store count 625 after opening 4 new locations.