Torrid Q3 net sales $275.4M, net loss $2.7M; raises FY revenue and EBITDA outlook

Torrid Holdings Inc.

2023-Q3 EPS reported $0.15 revenue$858,406,000

Net sales fell 8.3% YoY to $275.4M; comparable sales declined 8%.
Net loss of $2.7M ($0.03 per diluted share) vs net income of $7.3M ($0.07) in Q3 last year.
Adjusted EBITDA was $19.4M (7.0% of sales), down from $32.1M (10.7%) a year ago.
Raises FY23 outlook: net sales $1.125B-$1.140B, Adj. EBITDA $99M-$103M.
Also promoted Paula Dempsey to CFO, effective December 4, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Torrid Holdings Inc. reported third quarter of fiscal year 2023 results: revenue $275.4 million, net income $2.7 million net loss, EPS ($0.03) per share. Guidance raised.

Period: third quarter of fiscal year 2023
Revenue: $275.4 million
Net income: $2.7 million net loss
EPS: ($0.03) per share
Guidance: raised
Result: reported results

Exact text from the filing

Torrid Reports Third Quarter Fiscal 2023 Results • Net Sales of $275.4 million, above expectations • Net Loss of $2.7 million • Adjusted EBITDA (1) beat guidance • Raises Full Year 2023 Revenue and EBITDA Outlook

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Source: SEC EDGAR

accession 0001628280-23-041063

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