Torrid Reports Q2 Earnings with Improved Sales Trends Despite Lower Net Sales
Torrid (NYSE:CURV) reported second-quarter fiscal 2026 net sales of $231.7 million, a decline from the previous year's $262.8 million. Comparable store sales fell by 6.3%, but improved significantly in July and August as customer reactivation efforts and marketing initiatives took effect. Adjusted EBITDA was reported at $23.3 million, which included an $11.1 million tariff refund benefit; without this one-time gain, adjusted EBITDA stood at $12.1 million. The company maintained its full-year guidance for net sales between $940 million and $960 million and expects adjusted EBITDA of $65 million to $75 million excluding the tariff refund benefit. Torrid plans to increase digital marketing investment, expand sub-brand growth, particularly with Festi, and enhance marketplace presence in the second half. Digital performance showed improvement across multiple channels, including a rise in paid-media revenue and strong app engagement. The company also emphasized its focus on expanding customer acquisition through various strategies like reactivation campaigns and community events.
Tickers: $CURV
Topics: comparable_sales ebitda retail store_closures