Torrid Q1 sales down 11.8% to $293.9M; Adj EBITDA $38.3M, cuts FY guidance

Torrid Holdings Inc.

2023-Q1 EPS reported $0.11 revenue$293,854,000

Net sales $293.9M (-11.8% YoY); comparable sales down 14%.
Net income $11.8M ($0.11 EPS) vs $24.1M ($0.23 EPS) YoY; Adj EBITDA $38.3M (13.0% of sales).
Q2 FY2023 guidance: net sales $280M-$295M, Adj EBITDA $32M-$38M.
Full year FY2023 guidance: net sales $1,095M-$1,145M, Adj EBITDA $115M-$130M, 30-40 new stores.
Gross margin 37.7% down 134 bps; store count 638 at quarter end.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Torrid Holdings Inc. reported first quarter of fiscal year 2023 results: revenue $293.9 million, net income $11.8 million, EPS $0.11 per share. Guidance reaffirmed.

Period: first quarter of fiscal year 2023
Revenue: $293.9 million
Net income: $11.8 million
EPS: $0.11 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

which we believe will position us to deliver consistent growth over the long-term.” Financial Highlights for the First Quarter of Fiscal 2023 · Net sales decreased 11.8% to $293.9 million compared to $333.2 million for the first quarter of last year. Comparable sales (2) decreased 14% in the first quarter. · Gross profit margin was 37.7% compared to 39.0% in the

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Source: SEC EDGAR

accession 0001628280-23-021276

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