Torrid Holdings Sees FY24 Net Sales Between $1.135B-$1.145B Vs $1.15B Estimate; Forecasts Adjusted EBITDA Between $110M-$116M

For the full year fiscal 2024 the Company expects:

• Net sales between $1.135 billion and $1.145 billion.
• Adjusted EBITDA(1) between $110 million and $116 million.
• Capital expenditures between $20 million and $25 million reflecting infrastructure and technology investments as well as new stores for the year.
• To open 12 to 16 new Torrid stores and close our usual 10 to 15 stores, while continuing to evaluate the fleet.