Torrid Q1 net sales fall; closes 20 stores

Torrid Holdings

04/06/2026 21:18

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    Overview
  
    * U.S. plus-size apparel retailer's Q1 net sales fell 7.6% but beat analyst expectations
    * Q1 adjusted EBITDA missed analyst expectations and declined from prior year
    * Company closed 20 stores in Q1 as part of store optimization program

    
    Outlook
  
    * Torrid expects Q2 net sales between $232 mln and $240 mln
    * Company sees Q2 adjusted EBITDA between $12 mln and $16 mln
    * Torrid forecasts full-year net sales of $940 mln to $960 mln
    * Company expects full-year adjusted EBITDA of $65 mln to $75 mln

    
    Result Drivers
  
    * SUB-BRANDS LAUNCH - Co said its portfolio of five sub-brands contributed positively to Q1 performance
    * OPENING PRICE POINT STRATEGY - Co said lower-priced offerings helped drive customer conversion and larger basket sizes
    * STORE OPTIMIZATION - Co closed 20 stores in Q1 as part of its store footprint optimization program

    
Company press release:  ID:nBw4bH6TZa 
    
    Key Details
  
                               
                               
 Metric    Beat/Mis  Actual    Consensu
           s                   s
                               Estimate
                               
                               
 Q1 Net    Beat      $245.80   $241.56
 sales               mln       mln (6
                               Analysts
                               )
 Q1 Net              $414,000   
 Income                        
 Q1        Miss      $17.64    $20.08
 Adjusted            mln       mln (6
 EBITDA                        Analysts
                               )
 Q1 Gross            $86.82     
 Profit              mln       
 Q1                  $871,000   
 Pretax                        
 Profit                        
    
    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 $1.66, about 19.4% above its June 3 closing price of $1.39

    
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact .

(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.)