Torrid Reports Q2 Earnings Amid Store Closures and Sales Declines
Torrid (CURV) reported second-quarter earnings for fiscal 2026, with total net sales of $231.7 million, a year-over-year decline of 11.8% due to store closures and macroeconomic challenges in June. Comparable sales also fell by 6.3%, impacted by footwear resourcing issues and weak consumer demand early in the period. Adjusted EBITDA was reported at $23.3 million, including an $11.1 million benefit from IEEPA tariff refunds; excluding tariffs, it stood at $12.1 million within guidance expectations. The company closed six stores during Q2 as part of its store optimization program and has now shuttered 177 locations since the initiative began to eliminate underperforming sites. Sub-brands saw a significant increase in sales growth—up approximately 74% year-over-year—and are expected to represent 12% of total net sales by fiscal 2026, up from 7%. Torrid maintained its full-year revenue guidance between $940 million and $960 million but raised adjusted EBITDA expectations due to tariff refunds.
Tickers: $CURV