Torrid Q2 net sales down 18.2% to $289.1M, net income falls to $6.6M, revises FY guidance

Torrid Holdings Inc.

2023-Q2 EPS reported $0.18 revenue$582,998,000

Net sales $289.1M (-18.2% YoY); comparable sales -18%; net income $6.6M ($0.06 EPS) vs $22.7M ($0.22) prior year.
Adjusted EBITDA $32.2M (11.1% margin) vs $52.1M (14.7%) YoY; gross margin declined 168 bps to 35.5%.
Q3 guidance: net sales $242-251M, adjusted EBITDA $11-15M; FY23 guidance: net sales $1.080-1.115B, adj. EBITDA $90-100M.
Capex expected $35-40M for 30-40 new stores and tech; store count 639 at quarter end.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Torrid Holdings Inc. reported second quarter of fiscal year 2023 results: revenue $289.1 million, net income $6.6 million, EPS $0.06 per share.

Period: second quarter of fiscal year 2023
Revenue: $289.1 million
Net income: $6.6 million
EPS: $0.06 per share
Result: reported results

Exact text from the filing

Torrid Reports Second Quarter Results • Delivered Second Quarter Net Sales of $289.1 million and Net Income of $6.6 million

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Source: SEC EDGAR

accession 0001628280-23-031538

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