Torrid Q4 net sales $293.5M (-2.6% YoY); initiates FY2024 guidance with adj. EBITDA $106-116M

Torrid Holdings Inc.

2023-FY EPS reported $0.11 revenue$1,151,945,000

Q4 net loss $4.1M, adjusted EBITDA $16.4M (5.6% margin); comparable sales down 9%.
Full year net sales $1.15B (-10.6%); net income $11.6M vs $50.2M; adj. EBITDA $106.2M.
FY2024 outlook: net sales $1.135-1.155B, adj. EBITDA $106-116M, capex $20-25M.
Q4 gross margin improved 250 bps to 34.5% on better product margins.
Store count 655; opened 23 stores, closed 11 during Q4.

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 0.85

Torrid Holdings Inc. updated its the fourth quarter of fiscal year 2023 guidance (initiated).

Period: the fourth quarter of fiscal year 2023
Guidance: initiated
Result: reported results

Exact text from the filing

On March 28, 2024, Torrid Holdings Inc. (the “Company”) issued a press release announcing, among other things, the Company’s financial results for the fourth quarter of fiscal year 2023.

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Torrid Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-013618

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