US’ Torrid posts net sales of $284.6 mn in Q2 FY24

Torrid’s Q2 FY24 net sales fell 1.6 per cent to $284.6 million, despite a 6.4 per cent increase in regular price comparable sales.
Gross profit margin improved to 38.7 per cent, and net income rose to $8.3 million.
Adjusted EBITDA increased to $34.6 million, with inventory down 19 per cent.
The company opened five new stores and closed six.