earnings
confidence high
sentiment negative
materiality 0.60
Torrid Q1 net sales $245.8M (beat guide); net income $0.4M (down 93% YoY)
Torrid Holdings Inc.
- Net sales of $245.8M, down 7.6% YoY; comparable sales down 1.7%.
- Net income $0.4M ($0.00 EPS) vs $5.9M ($0.06) in prior-year quarter.
- Adjusted EBITDA $17.6M (7.2% of sales), at high end of guidance; down from $27.1M (10.2%).
- Closed 20 stores; total store count 463 vs 632 a year earlier.
- Q2 guidance: net sales $232-240M, adj. EBITDA $12-16M; FY: net sales $940-960M, adj. EBITDA $65-75M.