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...
5 Dec 2024
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...
5 Sept 2024
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...
13 Jun 2024
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...
2 Apr 2024
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...
8 Dec 2023
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...
7 Sept 2023
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...
9 Jun 2023
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...
24 Mar 2023
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...
16 Dec 2022
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...
9 Dec 2022
Plus-size womenswear brand Torrid has lowered its outlook for the second quarter of the year and announced key new appointments to its top team. The US brand, which specialises in fashion for sizes 10 to 30, has appointed Tim Martin to the joint role of chief operating officer and chief financial officer, effective September 12. Martin joins...
4 Aug 2022
Plus-size womenswear brand Torrid has reported an 86.8 percent increase in net profit in the first quarter of the year. In the three months to April 30, the company made a net income of 24.1 million dollars, up from 12.9 million dollars a year ago. Meanwhile, its adjusted EBITDA was 51.8 million dollars, down from 75.7 million dollars. The...
8 Jun 2022