Torrid Holdings Inc. announced its financial results for the fourth quarter and full fiscal year ended February 1, 2025. For fiscal year 2024, net sales were $1.103 billion, a 4% decrease from $1.151 billion in fiscal year 2023. Comparable sales for the full year decreased by 5%.
Despite the sales decline, net income for fiscal year 2024 increased by 40% to $16.318 million from $11.619 million in the prior year. Adjusted EBITDA for the full year rose 3% to $109.120 million from $106.219 million. For the fourth quarter, net sales were $275.562 million, and the company reported a net loss of $2.988 million.
Torrid initiated its fiscal year 2025 guidance, projecting net sales between $1.03 billion and $1.055 billion and Adjusted EBITDA between $95 million and $105 million. The company's strategic priorities for 2025 include enhancing product assortment, driving customer growth, and executing its store optimization plan, which involves balancing its fleet and refreshing store environments.
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