Torrid Q2 sales fall 11.8% to $231.7M, but net income jumps 230% to $5.2M on tariff refunds

Filed September 10, 2026 · Period ending August 1, 2026 · Compared to 10-Q Sep 11, 2025 · ~1 min read

Key Changes

• high

  Net sales fell 11.8% to $231.7M, driven by lower transaction values and store count reduction from 575 to 457.

  MD&A: Net sales verify on EDGAR →
• high

  Net income rose 230.4% to $5.2M, boosted by $11.1M in IEEPA tariff refunds recorded as a reduction of cost of goods sold.

  MD&A: Net income verify on EDGAR →
• high

  Gross margin improved 3.1 percentage points to 38.7%, helped by tariff refunds and lower store occupancy costs.

  MD&A: Gross margin verify on EDGAR →