Torrid Holdings’ quarterly net sales declined 11.8% to $231.727 million, while Net Income increased to $5.177 million from $1.567 million. The results matter to investors because $11.1 million of IEEPA Tariff refunds benefited net income and Adjusted EBITDA, partly offsetting weaker sales and comparable-store performance.

Key Highlights

  • Six-month net sales declined 9.7% to $477.527 million, while net income fell to $5.591 million.
  • IEEPA tariff refunds of approximately $11.1 million benefited net income and Adjusted EBITDA during the quarter.
  • Cash and cash equivalents stood at $22,004,000 ($22.004 million), alongside $421,000 ($0.421 million) of restricted cash.

Torrid Holdings Inc. (NYSE: CURV) generated quarterly net sales of $231.727 million, down 11.8% from $262.806 million in the comparable period. Net income rose to $5.177 million from $1.567 million. The company said net income and Adjusted EBITDA benefited from IEEPA tariff refunds.

Six-Month Sales

For the six months ended August 1, 2026, net sales were $477.527 million, compared with $528.771 million in the comparable period, a decline of 9.7%. Net income for the six-month period was $5.591 million, down from $7.507 million. Adjusted EBITDA was $40.889 million, compared with $48.653 million. Torrid’s merchandise assortment includes apparel, intimates, accessories, tops, bottoms, denim, dresses, activewear and footwear.

Tariff Refunds Aid Earnings

Torrid also received approximately $0.3 million in associated interest during the three-month period. The company submitted an application on April 20, 2026, seeking approximately $11.3 million in reimbursement for previously paid IEEPA tariffs. The refunds were tied to previously paid tariffs. Torrid said customers have increasingly preferred its online experience. Its store optimization strategy was implemented to align distribution with that preference, while the company continues evaluating store performance against minimum profitability thresholds.

Cash And Inventory Position

Cash and cash equivalents were $22,004,000 ($22.004 million) as of August 1, 2026, compared with $20,023,000 ($20.023 million) as of January 31, 2026. Restricted cash was $421,000 ($0.421 million) at both dates. Inventory stood at $125,600,000 ($125.6 million), compared with $136,483,000 ($136.483 million) at January 31, 2026. Prepaid expenses and other current Assets were $27,690,000 ($27.69 million), versus $24,564,000 ($24.564 million).

Store Performance Remains In Focus

Torrid said it will continue reviewing store performance against minimum profitability thresholds. That review may result in additional store closures in the future.