Torrid Holdings Inc. (CURV) Q2 FY2026 earnings

Reported results

• Net sales decreased 11.8% to $231.7 million from $262.8 million in Q2 2025; comparable sales (GAAP) decreased 6.3%
• Gross profit margin was 38.7% compared to 35.6% in Q2 2025; excluding tariff refund benefit, gross profit margin was 33.9%
• GAAP net income was $5.2 million or $0.05 per share (diluted) compared to $1.6 million or $0.02 per share in Q2 2025
• Adjusted EBITDA (non-GAAP) was $23.3 million or 10.0% of net sales compared to $21.5 million or 8.2% of net sales in Q2 2025; excluding tariff refunds, Adjusted EBITDA (non-GAAP) was $12.1 million or 5.2% of net sales
• Company received $11.4 million in IEEPA tariff benefits in the quarter ($11.1 million recorded as reduction in cost of goods sold and $0.3 million as interest income)
• Store count at quarter end was 457 stores after closing 6 Torrid stores; cash and cash equivalents totaled $22.0 million with total liquidity of $74.4 million

Guidance

• Q3 2026: Net sales between $230 million and $235 million
• Q3 2026: Adjusted EBITDA (non-GAAP) between $15 million and $20 million
• Full year 2026: Net sales between $940 million and $960 million
• Full year 2026: Adjusted EBITDA (non-GAAP) between $76 million and $86 million
• Full year 2026: Capital expenditures between $8 million and $10 million

Notes

Guidance includes the benefit of IEEPA tariff benefits recognized in Q2 2026. Excluding the tariff benefit, management stated the full-year outlook is unchanged. The company notes that guidance does not account for potential further volatility from tariff changes.

Price and volatility reaction

Source

The figures above come from the earnings release the company filed with the SEC on 2026-09-03 (8-K, Item 2.02). Read the original filing on sec.gov.