Core Viewpoint - Torrid Holdings Inc. reported disappointing third-quarter fiscal results, leading to a significant drop in stock price by 14.5% in after-hours trading [1] Financial Performance - The company experienced a net loss of $6.4 million, or 6 cents per share, for the quarter ending Nov. 1, compared to a net loss of $1.2 million, or 1 cent per share, in the same quarter last year [2] - Net sales decreased by 10.8% to $235.2 million from $263.8 million, with comparable sales declining by 8.3% [2] - The gross profit margin fell to 34.9% from 36.1% in the same quarter last year [3] Profitability Metrics - Adjusted EBITDA was reported at $9.8 million, or 4.2% of net sales, down from $19.6 million, or 7.4% of net sales, in the third quarter of the previous year [4] Fiscal Outlook - For the full fiscal year, Torrid Holdings anticipates net sales between $995 million and $1.002 billion, with adjusted EBITDA expected to be between $59 million and $62 million [5] - The company plans to close up to 180 stores this fiscal year, having already closed 74 stores, resulting in a total of 560 stores at the end of the quarter, down from 655 stores a year ago [5] Stock Performance - The stock has declined by 61.81% over the past year, with a current market capitalization of $129.91 million and a 52-week trading range of $1.10 to $7.19 [6]

Core Insights - Macy's, Inc. reported second-quarter fiscal 2025 results with both top and bottom lines exceeding Zacks Consensus Estimates, although both metrics declined compared to the previous year [1][10] - Comparable sales increased, marking the strongest growth in 12 quarters, prompting the company to raise its fiscal 2025 outlook [1][10] Financial Performance - Adjusted earnings were 41 cents per share, surpassing the consensus estimate of 19 cents, but down 22.6% from 53 cents in the prior year [3] - Net sales reached $4,812 million, exceeding the consensus estimate of $4,718 million, but down 2.5% year over year [4] - Comparable sales increased by 0.8% on an owned basis and 1.9% on an owned-plus-licensed-plus-marketplace basis [4] Brand Performance - Macy's brand comps increased by 0.4% on an owned basis and 1.2% on an owned-plus-licensed-plus-marketplace basis [6] - Bloomingdale's brand comps rose by 3.6% on an owned basis and 5.7% on an owned-plus-licensed-plus-marketplace basis, marking its fourth consecutive quarter of growth [6] - Bluemercury brand comps increased by 1.2% on an owned basis, achieving its 18th consecutive quarter of growth [6] Margins and Expenses - Gross margin was 39.7%, meeting estimates but down 80 basis points year over year due to markdowns and prior tariff impacts [7] - Selling, general and administrative (SG&A) expenses were $1.94 billion, down 1.5% year over year, but SG&A as a percentage of total revenues increased to 38.9% [8][9] Guidance and Outlook - The company raised its fiscal 2025 net sales outlook to between $21.15 billion and $21.45 billion, up from the previous range of $21 billion to $21.4 billion [10][16] - Comparable owned-plus-licensed-plus-marketplace sales are projected to decline between 1.5% to 0.5% year over year [16] - Adjusted earnings per share guidance was increased to a range of $1.70 to $2.05, compared to the prior range of $1.60 to $2.00 [17] Financial Snapshot - As of the end of the second quarter, the company had cash and cash equivalents of $829 million, long-term debt of $2.43 billion, and shareholders' equity of $4.45 billion [12] - Merchandise inventories declined by 0.8% year over year [12] - The company repurchased 4 million shares for $50 million during the quarter, with $1.2 billion remaining under its $2 billion share repurchase authorization [13]