Overview
U.S. plus-size apparel retailer's Q4 net sales fell 14% yr/yr but beat analyst expectations
Adjusted EBITDA for Q4 beat analyst estimates, despite declining from prior year
Outlook
Torrid expects Q1 net sales between $236 mln and $244 mln
Company sees Q1 adjusted EBITDA between $14 mln and $18 mln
Torrid forecasts full-year net sales between $940 mln and $960 mln
Result Drivers
STORE CLOSURES - Co closed 77 stores in Q4 as part of footprint optimization, impacting sales
SUB-BRAND LAUNCHES - Co launched five sub-brands generating about $70 mln in sales during the yr
Company press release: ID:nBw6NYf1a
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net sales
Beat
$236.2 mln
$229.67 mln (6 Analysts)
Q4 EPS
-$0.08
Q4 Net Income
-$8.1 mln
Q4 Adjusted EBITDA
Beat
$5.1 mln
$2.89 mln (6 Analysts)
Q4 Gross Margin
30%
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories retailers peer group is "buy."
Wall Street's median 12-month price target for Torrid Holdings Inc is $1.58, about 24% above its March 18 closing price of $1.27
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)