Torrid Holdings Inc. (CURV) Form 10-Q — Jun 11, 2026
Torrid Holdings Inc. reported a sharp decline in first-quarter 2026 results, with net sales falling 7.6% to $245.8 million and net income plummeting 93% to $414,000 from $5.9 million in the prior year. The company cited its ongoing retail store optimization strategy, which has involved closing 151 stores in fiscal 2025 and 20 in Q1 2026, as a primary driver of the sales decrease, alongside increased promotional activity and tariff-related cost pressures. Gross margin contracted by 280 basis points to 35.3%, impacted by higher costs from IEEPA tariffs and increased markdowns, partially offset by lower store occupancy costs.
Key figures
- Eps
- 0
- Revenue
- 245800000
- Net Income
- 414000
- Total Debt
- 301200000
- Cash Position
- 22841000
- Store Count
- 463
- Adjusted Ebitda
- 17639000
- Stores Closed Q1
- 20
- Stores Closed FY25
- 151
- Operating Cash Flow
- 11179000
- Gross Margin Percent
- 35.3
- Tariff Refund Application
- 11400000
Price after filing
Close on the filing date to close N calendar days later (from $1.89). Historical, not a forecast.
AI analysis
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