Torrid reports Q1 EPS 6c, consensus 5c

Reports Q1 revenue $266M, consensus $270.2M. Comparable sales decreased 3.5% in the first quarter. “Our sub-brand strategy is delivering positive results, exceeding expectations and helping us reach new and younger customers while driving higher margin sales. With the upcoming launches of Lovesick and Studio Luxe, we’re doubling down on this momentum and expect sub-brands to represent nearly a third of our business by 2026.”