Torrid reports Q2 2026 sales, EBITDA in line with guidance

Torrid Holdings (NYSE: CURV ) released second-quarter financial results and hosted an earnings call on Thursday.

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The full earnings call is available at Summary Torrid Holdings reported Q2 net sales of $231.7 million and adjusted EBITDA of $23.3 million, aligning with guidance and benefiting from tariff refunds.

Comparable sales declined by 6.3%, but improvement was noted as the quarter progressed.

The company focused on customer file growth through acquisition, reactivation, and retention, with marketing initiatives showing progress in customer engagement and digital growth.

Future outlook remains optimistic with expectations for net sales of $940 million to $960 million and adjusted EBITDA guidance raised due to tariff refunds.

Initiatives in footwear, sub-brands, and marketplace expansion are expected to support growth.

Operational highlights include the completion of a store optimization program, expansion onto third-party marketplaces like Macy's and Target, and successful community-driven marketing initiatives like Casting Call.

Management highlighted the positive momentum in July, driven by all marketing channels, and improvements in gross margin due to tariff benefits and strategic cost management.

Full Transcript OPERATOR Greetings.

Welcome to the Torrid Holdings Second Quarter Fiscal Year 2026 Earnings Conference Call.

At this time, all participants are in a listen-only mode.

A question-and-answer session will follow the formal presentation.

If anyone should require operator assistance during the conference, please press star zero on your telephone keypad.

Please note this conference is being recorded.

I will now turn the conference over to Chinwe Abaelu.

Thank you.

Chinwe Abaelu, SVP, Chief Accounting Officer Good afternoon everyone, and thank you for joining Torrid's call today to discuss our financial results for the second quarter of fiscal 2026, which we released this afternoon and can be found on our website at investors.torrid.com.

With me on the call today are Lisa Harper, Chief Executive Officer of Torrid, Ashlee Wheeler, our Chief Commercial Officer, and Paula Dempsey, the Chief Financial Officer.

Before we get started, I would like to remind you of the company's safe harbor language, which I'm sure you're familiar with.

Management may make forward-looking statements, including guidance and underlying assumptions.

Forward-looking statements may include, but are not limited to, statements containing the words expect, believe, plan, anticipate, will, may, should, estimate, and other words and terms of similar meaning.

All forward-looking statements are based on current expectations and assumptions.

As of today, September 3, 2026, these statements are subject to risks and uncertainties that could cause actual results to differ materially.

For further discussion of risks related to our business, see our filings with the SEC.

With that, I'll turn it over to Lisa.

Lisa Harper, Chief Executive Officer Thank you.

Good afternoon everyone, and thank you for joining us today as we discuss Torrid's financial results for the second quarter of fiscal 2026.

With me on today's call are Ashlee Wheeler, our Chief Commercial Officer, and Paula Dempsey, our Chief Financial Officer.

On today's call I will review our second quarter performance, including the meaningful improvement we saw in the business as the quarter progressed.

And I will share an update on our primary focus for 2026, which is customer file growth through acquisition, reactivation, and retention.

Ashlee will then share a detailed update on the marketing initiatives driving that progress, and Paula will close with the financials and our outlook for the remainder of the year.

For the second quarter we reported net sales of 231.7 million, and adjusted EBITDA of 23.3 million, or 12.1 million excluding the tariff refund benefit, in line with our guidance range.

We are encouraged by the underlying trends we are seeing in the business and are maintaining our full-year outlook while raising our reported guidance to reflect the tariff refunds received to date.