{"id":29726,"date":"2026-06-06T06:18:11","date_gmt":"2026-06-06T06:18:11","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2026\/06\/06\/us-torrid-q1-fy26-sales-fall-7-6-despite-guidance-beat\/"},"modified":"2026-06-06T06:18:11","modified_gmt":"2026-06-06T06:18:11","slug":"us-torrid-q1-fy26-sales-fall-7-6-despite-guidance-beat","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2026\/06\/06\/us-torrid-q1-fy26-sales-fall-7-6-despite-guidance-beat\/","title":{"rendered":"US&#8217; Torrid Q1 FY26 sales fall 7.6% despite guidance beat"},"content":{"rendered":"<p><br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/static.fibre2fashion.com\/Newsresource\/images\/310\/shutterstock-2002831673_322416.jpg\" \/><\/p>\n<div id=\"\">American apparel and accessories retailer Torrid Holdings Inc reported net sales of $245.8 million in the first quarter of fiscal 2026 (FY26) ended May 2, down 7.6 per cent from $266 million in the corresponding quarter last year, although the figure slightly exceeded the company\u2019s guidance.<\/p>\n<p>Comparable sales declined 1.7 per cent during the quarter, improving from a 3.5 per cent decline recorded a year earlier. Gross profit margin narrowed to 35.3 per cent from 38.1 per cent in the prior-year quarter.<\/p>\n<p><strong><em>Lisa Harper, chief executive officer of Torrid Holdings Inc,<\/em><\/strong> said the company delivered first-quarter adjusted EBITDA at the high end of guidance, supported by disciplined execution across strategic initiatives.<\/p>\n<p>Torrid Holdings reported first-quarter FY26 net sales of $245.8 million, down 7.6 per cent year-on-year, while net income fell to $0.4 million from $5.9 million. &#13;<br \/>\nComparable sales declined 1.7 per cent and adjusted EBITDA dropped to $17.6 million. &#13;<br \/>\nThe company closed 20 stores during the quarter and expects FY26 net sales between $940 million and $960 million. <\/p>\n<p>The company posted net income of $0.4 million, or $0.00 per share, compared to net income of $5.9 million, or $0.06 per share, in the first quarter of fiscal 2025, Torrid said in a press release.<\/p>\n<p>Adjusted EBITDA stood at $17.6 million, or 7.2 per cent of net sales, compared to $27.1 million, or 10.2 per cent of net sales, a year earlier.<\/p>\n<p>She added that Torrid\u2019s portfolio of five sub-brands and its opening price point strategy helped improve customer conversion and basket sizes. The company is also focusing on customer acquisition, reactivation and retention through AI-powered marketing personalisation and expanded community engagement initiatives.<\/p>\n<p>During the quarter, Torrid closed 20 stores under its Store Footprint Optimisation Project, reducing its total store count to 463 from 632 a year earlier.<\/p>\n<h3>\t<strong>Torrid expects stronger second-half performance<\/strong><\/h3>\n<p>For the second quarter of FY26, the company expects net sales between $232 million and $240 million, with adjusted EBITDA projected between $12 million and $16 million.<\/p>\n<p>For the full fiscal year 2026, Torrid forecasts net sales between $940 million and $960 million, adjusted EBITDA between $65 million and $75 million, and capital expenditure of $8 million to $10 million.<\/p>\n<p>&#13;<\/p>\n<p class=\"text-right f2fdesk\">Fibre2Fashion News Desk (SG) <\/p>\n<p>&#13;\n    <\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.fibre2fashion.com\/news\/apparel-news\/us-torrid-q1-fy26-sales-fall-7-6-despite-guidance-beat-310828-newsdetails.htm\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>American apparel and accessories retailer Torrid Holdings Inc reported net sales of $245.8 million in the first quarter of fiscal 2026 (FY26) ended May 2, down 7.6 per cent from $266 million in the corresponding quarter last year, although the figure slightly exceeded the company\u2019s guidance. Comparable sales declined 1.7 per cent during the quarter,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":29727,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-29726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fashion"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/29726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=29726"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/29726\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/29727"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=29726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=29726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=29726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}