Plus-size apparel retailer Torrid has released its Q2 FY25 results, underscoring persistent retail headwinds while spotlighting a decisive move toward expanding its digital business.

The company posted net sales of $262.8 million for the quarter ended August 2, down 7.7 per cent from $284.6 million a year ago. Comparable sales dipped 6.9 per cent, while net income dropped significantly to $1.6 million, compared to $8.3 million last year. 

Adjusted EBITDA also took a hit, falling to $21.5 million (8.2 per cent margin) from $34.6 million (12.2 per cent) in Q2 FY24.

To tighten operations, the retailer has closed 59 stores so far this year, trimming its store count to 575 locations. This store rationalization aligns with Torrid’s growing emphasis on digital, with plans to close up to 180 locations in FY25.  

“Our strategic focus on sub-brands continues to drive positive market response, bringing innovation and diversity to our product assortments,” said Lisa Harper, CEO. 

“We are proactively increasing our marketing investment to drive awareness and consideration in the back half of the year.” 

For the third quarter, the company expects net sales between $235 million and $245 million, with adjusted EBITDA between $16 million and $21 million.

Torrid is doubling down on expanding its product range and digital marketing efforts, aiming to strengthen its connection with consumers and boost long-term growth.

“Our priorities are clear: Elevating our assortment with innovative, high-margin sub-brands, expanding digital and influencer marketing to attract new customers, and optimizing our store fleet to both improve efficiency, customer experience and accelerate the growth of our leading digital channel,” added Harper.