Key facts
- Torrid shares fell 21%.
- The company issued weak financial guidance for fiscal 2026.
- Torrid beat first-quarter expectations.
- Torrid projected fiscal 2026 net sales between $940 million and $960 million.
- The company is focusing on growing its customer file to achieve its outlook.
- Torrid Holdings announced earnings that exceeded estimates by $0.01.
- The company's revenue also surpassed expectations.
Torrid Holdings' stock experienced a substantial 21% decrease in value following the release of its fiscal year 2026 financial guidance, which projected net sales between $940 million and $960 million and was perceived as weak by the market. The company stated its focus is on growing its customer file to achieve this outlook. Despite this negative reaction to the guidance, Torrid had previously reported results that surpassed first-quarter expectations, with earnings exceeding estimates by $0.01 and revenue also topping expectations.