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Torrid Holdings Inc
Torrid Holdings, Inc. operates e-Commerce platform for apparel and intimates. The company is headquartered in City Of Industry, California and currently employs 2,063 full-time employees. The company went IPO on 2021-07-01. The firm's product is designed for plus-size women and is focused on fit. The company offers products across a range of assortment that includes tops, bottoms, denim, dresses, intimates, activewear, footwear and accessories. The firm markets directly to consumers through its e-commerce platform and its physical footprint of approximately 624 stores in the United States, Puerto Rico and Canada. The firm's brands include Torrid and Torrid Curve. The firm's Torrid Curve provides a line of bras, activewear, loungewear, lingerie wear and sleep wear. The company offers wire-free, T-shirt, and strapless bras. Its footwear and accessories include boots, sneakers, hats, belts among others. The firm provides a Website and mobile application feature which provides updates on new collections, guidance on how to wear, and put together outfits.
Torrid Holdings, Inc. operates e-Commerce platform for apparel and intimates. The company is headquartered in City Of Industry, California and currently employs 2,063 full-time employees. The company went IPO on 2021-07-01. The firm's product is designed for plus-size women and is focused on fit. The company offers products across a range of assortment that includes tops, bottoms, denim, dresses, intimates, activewear, footwear and accessories. The firm markets directly to consumers through its e-commerce platform and its physical footprint of approximately 624 stores in the United States, Puerto Rico and Canada. The firm's brands include Torrid and Torrid Curve. The firm's Torrid Curve provides a line of bras, activewear, loungewear, lingerie wear and sleep wear. The company offers wire-free, T-shirt, and strapless bras. Its footwear and accessories include boots, sneakers, hats, belts among others. The firm provides a Website and mobile application feature which provides updates on new collections, guidance on how to wear, and put together outfits.
Sales Miss: Torrid reported third quarter sales of $235 million, hitting the low end of guidance, with key categories underperforming.
Profitability Pressure: Adjusted EBITDA was $9.8 million, down from $19.6 million last year, as deeper-than-expected promotions eroded profitability.
Assortment Issues: Nearly half of the sales miss came from tops, with poor execution in this core category causing customer pullback.
Shoe Pause Impact: Pausing footwear sales due to tariffs led to around $12.5 million in lost sales, further dragging results, though shoes were reintroduced in November.
Store Closures: 15 stores closed in Q3, 74 year-to-date, with up to 180 planned for the full year, driving an 11.5% reduction in SG&A expenses.
Guidance Lowered: Full-year sales outlook cut to $995 million–$1.002 billion and adjusted EBITDA to $59–$62 million.
Margin Expansion Expected: Store closures and cost controls are expected to drive substantial EBITDA margin expansion in fiscal 2026.