Torrid raises FY26 guidance to reflect IEEPA tariff refund
CURV•Updated outlook
Torrid said it sees third-quarter net sales between $230 million and $235 million and expects third-quarter adjusted EBITDA between $15 million and $20 million.
The company raised its FY2026 outlook to reflect the IEEPA tariff refund recognized in the second quarter, while saying the underlying outlook was unchanged.
Management commentary and key details
CEO Lisa Harper said improved sales trends late in the second quarter were attributed to better balance of core and fashion assortments and stronger footwear inventory.
Harper also pointed to early traction from customer growth initiatives, including expansion into third-party marketplaces and an opening price point strategy, which she said helped drive conversion and value perception.
Key details:
| Metric | Result | Consensus |
|---|---|---|
| Q2 net sales | $231.73 million | $238.10 million |
| Q2 net income | $5.18 million | — |
| Q2 adjusted EBITDA | $23.25 million | $17.24 million |
| Q2 EBIT | $14.54 million | — |
| Q2 gross profit | $89.75 million | — |
| Q2 pretax profit | $6.55 million | — |
