Retailer Torrid Holdings Q4 net sales beat estimates

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

MetricBeat/MissActualConsensus Estimate
Q4 Net salesBeat$236.2 mln$229.67 mln (6 Analysts)
Q4 EPS-$0.08
Q4 Net Income-$8.1 mln
Q4 Adjusted EBITDABeat$5.1 mln$2.89 mln (6 Analysts)
Q4 Gross Margin30%
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.)

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