Torrid news and archive

Torrid's net income rises despite sales decline in FY24

Women’s plus-size clothing brand Torrid recorded a net sales decrease of 4.2 percent to 1.1 billion dollars for the fiscal year 2024 with a comparable sales decrease of 4.5 percent compared to last year. However, net income rose to 16.3 million dollars or 16 cents per share, and adjusted EBITDA increased to 109.1 million dollars. The company...

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Torrid reports lower than expected sales for Q3

Torrid Holdings Inc. reported a net sales decline of 4.2 percent to 263.8 million dollars for its third quarter compared to 275.4 million dollars reported for the same period last year. Comparable sales dropped 6.5 percent during the 12 weeks to November 2, 2024 reported the direct-to-consumer plus-sized apparel, intimates, and accessories brand...

Torrid reports lower than expected sales for Q3

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Plus size clothing retailer Torrid's Q2 profit improves

Plus size apparel retailer Torrid’s gross profit margin for the second quarter was 38.7 percent, an improvement of 323 bps, net income rose to 8.3 million dollars or 8 cents per share, and adjusted EBITDA increased to 34.6 million dollars or 12.2 percent of net sales. However, net sales for the quarter decreased 1.6 percent for the second...

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Torrid improves Q1 profit, announces executive promotions

Torrid, women’s apparel, intimates, and accessories brand in North America, reported a 4.8 percent decrease in net sales to 279.8 million dollars, while comparable sales decreased 9 percent in the first quarter. However, the company’s gross profit margin improved to 41.3 percent, up 360 bps. Net income rose to 12.2 million dollars or 12 cents...

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Torrid Q4 comparable sales drop by 9 percent

Fourth quarter net sales at Torrid decreased 2.6 percent to 293.5 million dollars and comparable sales decreased 9 percent in the quarter under review. Gross profit margin was 34.5 percent, a 250-bps improvement, while net loss was 4.1 million dollars or 4 cents loss per share. Adjusted EBITDA remained flat at 16.4 million dollars or 5.6 percent...

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Torrid reports Q3 loss, promotes Paula Dempsey to CFO

For its third quarter, Torrid Holdings reported a net sales decrease of 8.3 percent to 275.4 million dollars, while comparable sales decreased 8 percent in the quarter. Gross profit margin dropped to 33.2 percent, net loss reached 2.7 million dollars or 3 cents per share, and adjusted EBITDA declined to 19.4 million dollars or 7 percent of net...

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Torrid Q2 sales fall 18 percent, lowers FY outlook

Plus-size womenswear brand Torrid has reported a 18.2 percent drop in net sales in the second quarter as the company navigates a “rebuild year” in a “challenging market”. The US brand, which specialises in fashion for sizes 10 to 30, generated sales of 289.1 million dollars in the three months to July 29, compared to 353.5 million dollars in the...

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Torrid posts Q1 sales decline of 11.8 percent

Torrid’s first quarter net sales decreased 11.8 percent to 293.9 million dollars and comparable sales decreased 14 percent. Gross profit margin was 37.7 percent compared to 39 percent in the first quarter of last year, a decline of 134 bps. The company’s net income decreased to 11.8 million dollars or 11 cents per share. Adjusted EBITDA was 38.3...

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Torrid swings to FY profit as Q4 losses narrow, appoints CCO

Plus-size womenswear brand Torrid returned to a profit in the year ended January 28 as its fourth-quarter losses narrowed. The US brand, which specialises in fashion for sizes 10 to 30, ended the year with a net income of 50.2 million dollars compared to a loss of 29.9 million dollars a year earlier. Adjusted EBITDA for the full year fell to...

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Plus-size brand Torrid launches resale programme with ThredUp

Torrid has announced the launch of a resale programme with resale-as-a-service (RaaS) tech firm ThredUp. The brand, which operates as direct-to-consumer for plus size apparel, intimates and accessories, has utilised ThredUp’s Clean Out programme to implement the resale offer. The deal will allow Torrid to implement the company’s proprietary...

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Torrid swings to Q3 profit, lowers FY outlook

Torrid has swung to a profit in the third quarter of the year but says it expects full-year sales and earnings to be lower than previously expected. The plus-size womenswear brand made a net profit of 7.3 million dollars in the quarter, compared to a loss of 58.9 million dollars a year earlier. That came despite net sales falling 5.3 percent in...