Torrid Q2 net sales down 11.8% to $231.7M; adjusted EBITDA $23.3M incl. $11.1M tariff refund

Torrid Holdings Inc.

Net sales $231.7M, -11.8% YoY; comparable sales -6.3% vs -6.9% prior year.
Net income $5.2M ($0.05/sh) vs $1.6M ($0.02/sh) in Q2 last year.
Adjusted EBITDA $23.3M (10.0% of sales) includes $11.1M IEEPA tariff refund; ex-refund $12.1M.
Raised FY2026 guidance: net sales $940-960M, adjusted EBITDA $76-86M, capex $8-10M.
Closed 6 stores in quarter; 457 total stores. Cash $22.0M, total liquidity $74.4M.

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