Torrid Holdings Inc. · NYSE:CURV
Torrid — Q1 2026 Earnings Presentation
10 slides from Torrid's earnings presentation, Jun 4, 2026
Slide 1: Torrid Reports First Quarter 2026 Results and Fiscal 2026 Guidance
NEWS RELEASE Torrid Reports First Quarter 2026 Results and Fiscal 2026 Guidance 2026-06-04 Exceeded First Quarter Net Sales guidance First Quarter Net Income of $0.4 million Delivered First Quarter Adjusted EBITDA(1) at the high end of guidance CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)-- Torrid Hold
Slide 2: Financial Highlights for the First Quarter of Fiscal 2026
value.” Financial Highlights for the First Quarter of Fiscal 2026 Net sales decreased 7.6% to $245.8 million compared to $266.0 million for the rst quarter of last year. Comparable sales (2) decreased 1.7% in the rst quarter. Gross pro t margin was 35.3% compared to 38.1% in the rst quarter of last
Slide 3: For the full year fiscal 2026 the Company expects
For the full year scal 2026 the Company expects: Net sales between $940 million and $960 million. Adjusted EBITDA (1) between $65 million and $75 million. Capital expenditures between $8 million and $10 million. The above outlook is based on several assumptions, including, but not limited to, the ma
Slide 4: Non-GAAP Financial Measures
dressy and special occasions. Understanding the importance of a ordability, we aim to keep our prices reasonable without compromising on quality. This allows us to build a meaningful connection with our customers, distinguishing us from other brands that often overlook plus- and mid-size consumers.
Slide 5: Forward-Looking Statements
Forward-Looking Statements Certain statements made in this earnings release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which
Slide 6: Forward-looking risk factors
our ability to develop and maintain a relevant and reliable omni-channel experience for our customers; our dependence upon independent third parties for the manufacture of all of our merchandise; availability constraints and price volatility in the raw materials used to manufacture our products; exp
Slide 7: Analysis of Financial Condition and Results of Operations
Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K led with the Securities and Exchange Commission (“SEC”) on March 31, 2026 and in our other lings with the SEC and public communications. You should evaluate all forward-looking statements made in this earnin
Slide 8: Net earnings per share and Consolidated Balance Sheets
Net earnings per share: Basic $ — $ 0.06 Diluted $ — $ 0.06 Weighted average number of shares: Basic 99,387 104,915 Diluted 99,546 106,041 Other comprehensive income: Foreign currency translation adjustment 15 375 Total other comprehensive income 15 375 Comprehensive income $ 429 $ 6,315 TORRID HOLD
Slide 9: Non-GAAP Reconciliation
TORRID HOLDINGS INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (In thousands) Three Months Ended May 2, 2026 May 3, 2025 OPERATING ACTIVITIES Net income $ 414 $ 5,940 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Write down of inventory 695 588 O
Slide 10: Adjusted EBITDA reconciliation notes
Share-based compensation(B) 2,019 1,469 Noncash deductions and charges(C) 44 52 Other expenses(D) 670 186 Adjusted EBITDA $ 17,639 $ 27,128 ______________________________ (A) Depreciation and amortization excludes amortization of debt issuance costs and original issue discount that are re ected in i