Torrid: Sub-brand success & store revamps fuel US' Torrid's FY25 strategy

Torrid has forecast net sales of $264-$274 million for Q1 FY25 and sales of $1.080-$1.100 billion, with adjusted EBITDA expected at $100-$110 million in FY25. FY24 net sales dropped 4.2 per cent to $1.1 billion, but gross margin improved to 37.5 per cent. The company closed FY24 with 634 stores and plans 4-8 new openings in FY25, focusing on product innovation, store optimisation, and customer growth.