What changed
Torrid reported Q2 FY26 GAAP EPS of $0.05, up from $0.02 a year ago. Net sales declined 11.8% to $231.7M from $262.8M. The company raised FY26 revenue guidance to $0.9B-$1.0B and issued Q3 guidance of $0.2B-$0.2B. Results included an $11.1M IEEPA tariff refund benefit recorded as a reduction in cost of goods sold, lifting gross margin to 38.7% from 35.6% YoY.
Why it matters
Torrid reported Q2 FY26 GAAP EPS of $0.05, up from $0.02 a year ago. Net sales declined 11.8% to $231.7M from $262.8M. The company raised FY26 revenue guidance to $0.9B-$1.0B and issued Q3 guidance of $0.2B-$0.2B. Results included an $11.1M IEEPA tariff refund benefit recorded as a reduction in cost of goods sold, lifting gross margin to 38.7% from 35.6% YoY.