Torrid Reports First Quarter 2026 Results and Fiscal 2026 Guidance
Torrid reported Q1 net sales of $245.8 million and adjusted EBITDA of $17.6 million, both exceeding internal guidance ranges despite a 7.6% year-over-year decline in revenue. Net income fell sharply to $0.4 million from $5.9 million in the prior-year period, with diluted earnings per share dropping to $0.00. Comparable sales decreased 1.7% during the quarter, while gross profit margins contracted to 35.3% from 38.1% a year ago. The company continued its store optimization program, closing 20 stores to end the quarter with 463 locations compared to 632 at the end of the prior-year quarter.
Key figures
- Eps
- 0
- Revenue
- 245800000
- Guidance
- FY26 Net Sales $940M-$960M; Adj EBITDA $65M-$75M
- Ebitda
- 17600000
- Liquidity
- 100000000
- Net income
- 400000
- Store count
- 463
- Gross margin
- 35.3%
- Ebitda margin
- 7.2%
- Comparable sales
- -1.7%
AI analysis
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