Torrid Q4 Earnings Call Highlights

Chief Financial Officer Paula Dempsey said fourth-quarter net sales fell to $236.2 million from $275.6 million in the prior-year period, while comparable sales declined 10%. Dempsey noted the comp result included a 460 basis point negative impact from the temporary pause of the shoe business. Gross profit was $70.9 million versus $92.6 million last year, and gross margin was 30% compared with 33.6% a year earlier, which she attributed to promotional activity, product mix, and deleverage on lower sales.Chief ...