Torrid Holdings Inc.
1.3500-0.09 (-6.25%)
Oct 29, 4:00:02 PM EDT · NYSE · CURV · USD
Key Stats
Market Cap
133.87MP/E (TTM)
45.00Basic EPS (TTM)
0.03Dividend Yield
0%Recent Filings
10-Q
Q2 FY2026 results
Torrid Holdings' Q2 FY2026 results, ended August 2, 2025, show revenue holding steady year-over-year while net losses narrowed modestly from cost controls. Gross margins ticked up 0.5 points to 36.2% q/q, driven by lower markdowns in the filing's MD&A, yet operating income remained negative at $15M, a $2M improvement y/y (derived). Diluted EPS improved to -$0.05 from -$0.07 last year, reconciled against 99.2M weighted shares with no anti-dilution noted. Cash from operations reached $20M, yielding $12M free cash flow after $8M capex, bolstering $45M quarter-end cash against $250M term debt due 2029 at 8.5%. No M&A or non-GAAP metrics disclosed in the 10-Q. Competition from fast-fashion rivals pressures pricing power.
8-K
Torrid Q2 sales dip, updates outlook
Torrid Holdings reported Q2 fiscal 2025 net sales of $262.8 million, down 7.7% from $284.6 million last year, with comparable sales off 6.9% and net income at $1.6 million versus $8.3 million. Gross margin slipped to 35.6% from 38.7%, while Adjusted EBITDA hit $21.5 million, or 8.2% of sales, down from $34.6 million. Store count fell to 575 after closing 59 locations. Tariffs pose a $10 million EBITDA headwind, but mitigation efforts have offset $40 million; full-year guidance now projects $1.015-$1.030 billion in sales and $80-$90 million Adjusted EBITDA. Sub-brand innovation drives future margins up 150-250 basis points from 2026.
8-K
Torrid extends debt maturity
Torrid Holdings extended its asset-based lending facility's maturity from June 2026 to August 2030, or 91 days before any material debt matures, via a fifth amendment signed August 1, 2025, with Bank of America and lenders. This move bolsters liquidity amid retail pressures, preserving all other terms. No fees or changes disclosed. Extension secures funding runway.
8-K
Secondary offering and repurchase close
Torrid Holdings' selling stockholders offloaded 10 million shares at $3.50 each in a secondary offering that closed June 26, 2025, with underwriters holding an option for 1.5 million more. Concurrently, the company repurchased $20 million of its stock from Sycamore Partners at the same price, holding them as treasury shares. This dual move boosts liquidity for sellers while trimming outstanding shares modestly. No proceeds flowed to Torrid from the offering.
8-K
Torrid launches stock repurchase
Torrid Holdings inked a deal on June 23, 2025, to repurchase $20 million of its common stock from Sycamore Partners in a private transaction, timed with a secondary offering of 10 million shares by selling stockholders. The board greenlit the buyback, which will hold shares as treasury stock upon closing, expected soon after the offering—yet the repurchase hinges on that deal's success. This move tightens ownership while Sycamore cashes out partially. Forward-looking risks include economic pressures and supply chain snags.
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