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.
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.
