Torrid Holdings Reports Q1 2025 Earnings and Strategic Updates

Torrid Holdings, Inc. ( (CURV) ) has released its Q1 earnings. Here is a breakdown of the information Torrid Holdings, Inc. presented to its investors.

Torrid Holdings, Inc. is a direct-to-consumer brand specializing in stylish apparel, intimates, and accessories for women sizes 10 to 30, primarily operating in North America. The company is known for its focus on providing fashionable and affordable options for curvy women, setting it apart in the market.

In its first quarter of 2025, Torrid Holdings reported net sales of $266 million and a net income of $5.9 million, with adjusted EBITDA aligning with the upper end of guidance. The company highlighted its strategic progress, particularly in its sub-brand strategy and digital transformation, as key drivers of its performance.

Key financial metrics for the quarter included a 4.9% decrease in net sales compared to the previous year, a gross profit margin of 38.1%, and net income of $5.9 million, down from $12.2 million the previous year. The company also reported a decrease in adjusted EBITDA to $27.1 million from $38.2 million a year ago. Torrid plans to close up to 180 underperforming stores this year as part of its strategy to optimize its retail footprint and focus on digital channels.

Torrid’s management remains optimistic about the future, with plans to continue leveraging its sub-brand strategy and digital transformation to drive growth. The company expects net sales between $1.030 billion and $1.055 billion for the full fiscal year 2025, with adjusted EBITDA projected between $95 million and $105 million. The focus will be on cost reductions, store optimization, and enhancing customer engagement to support long-term growth.