Torrid Holdings reported Q1 FY24 net sales of $279.8 million, a 4.8 per cent decrease from last year, with comparable sales down 9 per cent.
Despite this, gross profit margin improved to 41.3 per cent.
Net income rose to $12.2 million, or $0.12 per share.
Torrid forecasts Q2 net sales of $280-$285 million and FY24 net sales of $1.135-$1.155 billion.Torrid Holdings reported Q1 FY24 net sales of $279.8 million, a 4.8 per cent decrease from last year, with comparable sales down 9 per cent.
Despite this, gross profit margin improved to 41.3 per cent.
Net income rose to $12.2 million, or $0.12 per share.
Torrid forecasts Q2 net sales of $280-$285 million and FY24 net sales of $1.135-$1.155 billion.
