Commitments and Contingencies	6 Months Ended
Aug. 01, 2026
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 9. Commitments and Contingencies U.S. Tariff Matter On February 20, 2026, the U.S. Supreme Court issued a ruling that tariffs imposed under the International Emergency Economic Powers Act (“IEEPA”) on goods imported into the United States were unauthorized. Following that ruling, the U.S. Court of International Trade (“CIT”) issued an order directing the U.S. Customs and Border Protection (“CBP”) to process refunds of the IEEPA tariffs. On April 20, 2026, the CBP launched the Consolidated Administration and Processing of Entries (“CAPE”) portal through which importers of record may submit IEEPA tariff refund claims. The IEEPA tariffs and related refund framework remain subject to ongoing litigation, including potential appeals, as well as regulatory and administrative developments. Accordingly, the ultimate availability, timing, and amount of any potential refunds of such tariffs remain highly uncertain, and we have accounted for any potential recovery of previously paid IEEPA tariffs as a gain contingency. On April 20, 2026, we submitted a refund application through the CAPE portal seeking the first phase of reimbursement of certain previously paid IEEPA tariff amounts totaling approximately $11.3 million. During the three- and six-month periods ended August 1, 2026, we received refunds of a portion of these previously paid tariffs totaling approximately $11.1 million, which was recorded as a reduction of cost of goods sold, and associated interest totaling approximately $0.3 million, which was recorded as interest income. As of the end of the second quarter of fiscal year 2026, we did not recognize a receivable related to potential remaining or future refunds of IEEPA tariffs as these refunds were not realized or realizable. We will continue to monitor legal, regulatory, and administrative developments related to the IEEPA refund process and will recognize any additional recovery when realizable. Litigation In October 2024, we were notified by a third-party vendor that it had observed a potentially unauthorized access to our data stored in a data warehouse. We have been named as a defendant in six pending class action lawsuits alleging that we failed to employ adequate security measures to protect the data stored in the data warehouse. On February 25, 2025, the United States District Court of the Central District of California granted a motion to consolidate the six lawsuits, and plaintiffs filed a single consolidated class action complaint on April 28, 2025. We intend to vigorously defend ourselves in this matter. We are currently unable to determine the probability of the outcome of this matter or the range of reasonably possible loss, if any. In February 2025, a class action complaint was filed in the Superior Court of the State of California captioned Leslie Cruz v. Torrid LLC. The complaint alleges terms on our website violate California’s Yelp Law which makes it unlawful for contracts or proposed contracts for goods or services to include provisions waiving a consumer’s right to make statements concerning the goods or services and threatening to enforce such provisions. In May 2025, the complaint was amended to also allege misleading and unlawful pricing, sales and discounting practices on our website under multiple legal theories including violation of California’s Unfair Competition Law, California False Advertising Law, California Legal Remedies Act, and Federal Trade Commission Act. We intend to vigorously defend ourselves against the complaint. We are currently unable to determine the probability of the outcome of this matter or the range of reasonably possible loss, if any. From time to time, we are involved in other matters of litigation that arise in the ordinary course of business. Though significant litigation or awards against us could seriously harm our business and financial results, we do not at this time expect these other matters of litigation to have a material adverse effect on our condensed consolidated financial statements. Indemnities, Commitments and Guarantees During the ordinary course of business, we have made certain other indemnities, commitments and guarantees under which we may be required to make payments in relation to certain transactions. These indemnities include those given to various lessors in connection with facility leases for certain claims arising from such facility or lease and indemnities to our Board of Directors and officers to the maximum extent permitted. Commitments include those given to various merchandise vendors and suppliers. From time to time, we have issued guarantees in the form of standby letters of credit as security for workers’ compensation claims. The durations of these indemnities, commitments and guarantees vary and may continue for as long as the underlying lease, employment relationship, or vendor arrangement remains in effect. These guarantees and indemnities are triggered under the following circumstances: (i) with respect to our standby letters of credit, if we fail to pay workers’ compensation benefits or claims as required under applicable state law, permitting the beneficiary to draw on the letter of credit; (ii) with respect to our lessor indemnities, upon a third-party claim for bodily injury, property damage, or other liability arising out of our use or occupancy of the leased premises; and (iii) with respect to indemnities provided to our Board of Directors and officers, upon the initiation of litigation, investigation, or other proceeding against such individual arising from their service to us. The aggregate face amount of the outstanding letters of credit issued as security for workers’ compensation claims represents the maximum potential amount of future payments we could be required to make on such claims. This amount is undiscounted and has not been reduced for any amounts we may recover through insurance or other recourse. Other indemnities, commitments and guarantees do not provide for any limitation of the maximum potential future payments we could be obligated to make; for those that are unlimited in nature, we are unable to develop a meaningful estimate of the maximum potential amount of future payments because the amount is inherently unknowable and would depend on facts and circumstances not yet in existence, such as the nature and extent of a future claim. We do not hold collateral, nor do we have recourse provisions against third parties, related to these letters of credit, indemnities, or vendor commitments. We regularly evaluate the probability of having to incur costs associated with these indemnities, commitments and guarantees, and accrue for expected losses that are probable. As of the end of the second quarter of fiscal year 2026, we have not recorded any liability for these indemnities, commitments and guarantees in the accompanying condensed consolidated financial statements as no demands have been made upon us to provide indemnification under such agreements and there are no claims that we are aware of that could have a material effect on our condensed consolidated financial statements.

On February 20, 2026, the U.S. Supreme Court issued a ruling that tariffs imposed under the International Emergency Economic Powers Act (“IEEPA”) on goods imported into the United States were unauthorized. Following that ruling, the U.S. Court of International Trade (“CIT”) issued an order directing the U.S. Customs and Border Protection (“CBP”) to process refunds of the IEEPA tariffs. On April 20, 2026, the CBP launched the Consolidated Administration and Processing of Entries (“CAPE”) portal through which importers of record may submit IEEPA tariff refund claims.

The IEEPA tariffs and related refund framework remain subject to ongoing litigation, including potential appeals, as well as regulatory and administrative developments. Accordingly, the ultimate availability, timing, and amount of any potential refunds of such tariffs remain highly uncertain, and we have accounted for any potential recovery of previously paid IEEPA tariffs as a gain contingency.

On April 20, 2026, we submitted a refund application through the CAPE portal seeking the first phase of reimbursement of certain previously paid IEEPA tariff amounts totaling approximately $11.3 million. During the three- and six-month periods ended August 1, 2026, we received refunds of a portion of these previously paid tariffs totaling approximately $11.1 million, which was recorded as a reduction of cost of goods sold, and associated interest totaling approximately $0.3 million, which was recorded as interest income. As of the end of the second quarter of fiscal year 2026, we did not recognize a receivable related to potential remaining or future refunds of IEEPA tariffs as these refunds were not realized or realizable. We will continue to monitor legal, regulatory, and administrative developments related to the IEEPA refund process and will recognize any additional recovery when realizable.

In October 2024, we were notified by a third-party vendor that it had observed a potentially unauthorized access to our data stored in a data warehouse. We have been named as a defendant in six pending class action lawsuits alleging that we failed to employ adequate security measures to protect the data stored in the data warehouse. On February 25, 2025, the United States District Court of the Central District of California granted a motion to consolidate the six lawsuits, and plaintiffs filed a single consolidated class action complaint on April 28, 2025. We intend to vigorously defend ourselves in this matter. We are currently unable to determine the probability of the outcome of this matter or the range of reasonably possible loss, if any.

In February 2025, a class action complaint was filed in the Superior Court of the State of California captioned Leslie Cruz v. Torrid LLC. The complaint alleges terms on our website violate California’s Yelp Law which makes it unlawful for contracts or proposed contracts for goods or services to include provisions waiving a consumer’s right to make statements concerning the goods or services and threatening to enforce such provisions. In May 2025, the complaint was amended to also allege misleading and unlawful pricing, sales and discounting practices on our website under multiple legal theories including violation of California’s Unfair Competition Law, California False Advertising Law, California Legal Remedies Act, and Federal Trade Commission Act. We intend to vigorously defend ourselves against the complaint. We are currently unable to determine the probability of the outcome of this matter or the range of reasonably possible loss, if any.

From time to time, we are involved in other matters of litigation that arise in the ordinary course of business. Though significant litigation or awards against us could seriously harm our business and financial results, we do not at this time expect these other matters of litigation to have a material adverse effect on our condensed consolidated financial statements.

During the ordinary course of business, we have made certain other indemnities, commitments and guarantees under which we may be required to make payments in relation to certain transactions. These indemnities include those given to various lessors in connection with facility leases for certain claims arising from such facility or lease and indemnities to our Board of Directors and officers to the maximum extent permitted. Commitments include those given to various merchandise vendors and suppliers. From time to time, we have issued guarantees in the form of standby letters of credit as security for workers’ compensation claims. The durations of these indemnities, commitments and guarantees vary and may continue for as long as the underlying lease, employment relationship, or vendor arrangement remains in effect.

These guarantees and indemnities are triggered under the following circumstances: (i) with respect to our standby letters of credit, if we fail to pay workers’ compensation benefits or claims as required under applicable state law, permitting the beneficiary to draw on the letter of credit; (ii) with respect to our lessor indemnities, upon a third-party claim for bodily injury, property damage, or other liability arising out of our use or occupancy of the leased premises; and (iii) with respect to indemnities provided to our Board of Directors and officers, upon the initiation of litigation, investigation, or other proceeding against such individual arising from their service to us.

The aggregate face amount of the outstanding letters of credit issued as security for workers’ compensation claims represents the maximum potential amount of future payments we could be required to make on such claims. This amount is undiscounted and has not been reduced for any amounts we may recover through insurance or other recourse.

Other indemnities, commitments and guarantees do not provide for any limitation of the maximum potential future payments we could be obligated to make; for those that are unlimited in nature, we are unable to develop a meaningful estimate of the maximum potential amount of future payments because the amount is inherently unknowable and would depend on facts and circumstances not yet in existence, such as the nature and extent of a future claim.

We regularly evaluate the probability of having to incur costs associated with these indemnities, commitments and guarantees, and accrue for expected losses that are probable. As of the end of the second quarter of fiscal year 2026, we have not recorded any liability for these indemnities, commitments and guarantees in the accompanying condensed consolidated financial statements as no demands have been made upon us to provide indemnification under such agreements and there are no claims that we are aware of that could have a material effect on our condensed consolidated financial statements.