Torrid Q1 2026 net sales $245.8M beat guidance; adjusted EBITDA $17.6M

Torrid Holdings exceeded first quarter net sales guidance and delivered adjusted EBITDA at the high end of guidance range, though comparable sales declined 1.7% and gross margin contracted 280 basis points year-over-year. The company is shifting focus to customer acquisition and reactivation in 2026 with AI-powered marketing and a relaunched Casting Call ambassador program.