Torrid Holdings Earnings Call Transcripts
Fiscal Year 2027
-
Q2 2026 net sales were $231.7M with adjusted EBITDA of $23.3M, both within guidance. Comparable sales declined 6.3% year-over-year, but July marked a positive inflection, driven by improved marketing, sub-brand growth, and customer acquisition. Full-year outlook was raised to reflect tariff refunds.
-
Q1 net sales slightly exceeded guidance at $245.8M, with adjusted EBITDA at $17.6M. Comparable sales declined 1.7% but were up 1.2% excluding footwear. Store optimization, sub-brand growth, and marketing initiatives are driving efficiency and set the stage for expected comp growth in H2.
Fiscal Year 2026
-
Delivered $1B in 2025 sales and exceeded EBITDA guidance, driven by channel optimization, sub-brand growth, and disciplined cost management. 2026 focus is on customer file growth, with margin expansion and further store optimization planned.
-
Q3 sales declined to $235M with an 8.3% comp drop, driven by missteps in tops and a footwear pause. Store optimization and cost reductions are on track, with EBITDA margin expansion expected in 2026. Full-year sales guidance is $995M–$1.002B.
-
Q2 FY25 net sales declined 7.7% year-over-year to $262.8 million, with adjusted EBITDA margin down to 8.2%. Up to 180 store closures and expanded sub-brands are expected to drive margin expansion and free cash flow in 2026, despite tariff and consumer headwinds.
-
Q1 results met guidance with $266M in sales and $27.1M EBITDA, driven by strong sub-brand performance and digital growth. Up to 180 store closures planned for 2025, with minimal sales impact expected due to high online retention and loyalty. Tariff and footwear strategy shifts will impact revenue but support profitability.
Fiscal Year 2025
-
Q4 results exceeded expectations with strong sub-brand launches and improved cash flow. FY25 guidance is prudent amid macro uncertainty, with continued focus on product innovation, store optimization, and cost control. Sub-brands are driving younger customer growth.
-
Third quarter sales declined due to lack of product newness and macro headwinds, but gross margin expanded and inventory was reduced. New sub-brands and merchandising leadership are expected to drive growth and margin improvement in 2025.
-
Q2 results exceeded expectations with strong regular price sales, gross margin expansion, and disciplined inventory management. Guidance for FY24 was tightened, with positive comps and robust margins expected, while strategic store optimization and product innovation initiatives continue.
-
Q1 2024 saw higher than expected Adjusted EBITDA and gross margin expansion, with net sales of $280 million and net income of $12.2 million. Inventory was down 17% year-over-year, and robust marketing and merchandising initiatives drove customer growth.