Torrid

Q1 FY2027 EarningsQ1 FY26 revenue fell 7.6% YoY to $245.8M, primarily driven by a 26.7% reduction in store count under a strategic retail optimization plan. Gross margin contracted by 2.8pct to 35.3%, pressured by IEEPA tariffs and heightened promotional activity, while comparable sales remained negative at -1.7%. Net income plummeted 93.0% YoY to $0.4M, resulting in a diluted EPS of $0.00. The company maintains a total net debt of $301.2M and is pursuing $11.4M in potential tariff refunds following a U.S. Supreme Court ruling.