US’ Torrid reports weaker Q1, eyes digital-led expansion

Torrid has reported a 4.9 per cent YoY decline in Q1 FY25 net sales to $266 million, with net income halved to $5.9 million.
Gross margin fell to 38.1 per cent and operating cash flow turned negative at $18 million.
The company plans up to 180 store closures and expects a $40–$45 million revenue hit from pausing China-sourced shoes, but no EBITDA impact.Read More