Torrid

Q1 FY2027 EarningsQ1 FY26 results beat consensus on both top and bottom lines, with revenue of $245.8M vs. $239.9M expected and GAAP EPS of $0.00 vs. a projected loss of -$0.0067. Despite the beat, net sales fell 7.6% YoY primarily due to a 26.7% reduction in store count under the retail store optimization strategy. Gross margin of 35.3% exceeded the 34.7% estimate but compressed 280 bps YoY due to IEEPA tariffs and increased promotional activity. Management's strategic store closures and cost-cutting efforts in SG&A (-9.0% YoY) provided essential support to profitability during this transition period.