Torrid Holdings Inc. reported its financial results for the quarter ended November 1, 2025, with net sales in line with guidance.
The company experienced a net loss of $6.4 million in the third quarter of 2025, below expectations.
Torrid highlighted corrective actions taken to address execution missteps and improve performance.
Net Sales Performance
Net sales decreased by 10.8% to $235.2 million compared to the same quarter last year.
Gross Profit Margin
Gross profit margin was 34.9% in the third quarter of 2025, lower than the previous year.
Adjusted EBITDA
Adjusted EBITDA was $9.8 million, representing 4.2% of net sales in the third quarter.
Store Optimization
74 Torrid stores were closed Year-to-Date, with a total of 560 stores at the quarter end.
Outlook for FY 2025
Torrid expects net sales between $995 million and $1.002 billion and Adjusted EBITDA between $59 million and $62 million for the full year 2025.
- Despite challenges and a net loss, Torrid is focused on corrective actions and strategic adjustments for improved performance.
- The company's outlook for FY 2025 includes expectations for net sales, Adjusted EBITDA, store closures, and management of tariff impacts.
Torrid Holdings Inc. acknowledges the setbacks in the third quarter but remains optimistic about the future with strategic initiatives in place to drive growth and enhance profitability.