Torrid Holdings Inc. announced its financial results for the first quarter of fiscal year 2025, ending May 3, 2025. The company reported net sales of $266 million, marking a decrease of 4.9% compared to $279.8 million in the same quarter last year. Comparable sales decreased by 3.5% during this period. The gross profit margin also saw a decline, coming in at 38.1% compared to 41.3% in the first quarter of the previous year, attributed to a reduction in net sales due to strategic promotional activities and corporate investments. Net income for the quarter was $5.9 million, or $0.06 per share, down from $12.2 million, or $0.12 per share, in the first quarter of the prior year. Adjusted EBITDA was reported at $27.1 million, or 10.2% of net sales, compared to $38.2 million, or 13.7% of net sales, in the same period last year. The company closed two Torrid stores during the first quarter, bringing the total store count to 632. Torrid Holdings Inc. has also provided an update on its fiscal 2025 guidance, although specific details were not disclosed in this report.