Tilly's Q2 net income $3.2M vs loss; sales down 7.1%; Q3 outlook expects net loss

TILLY'S, INC.

Net income of $3.2M ($0.10 diluted EPS) vs net loss of $0.1M a year ago; total sales $151.3M, down 7.1%.
Comparable net sales decreased 4.5%; store count 232, down 15 stores YoY; inventories down 14.5%.
Q3 FY2025 guidance: net sales $134M-140M; net loss $10.5M-7M; diluted loss $0.35-$0.23 per share.
Appoints Nate Smith as new CEO; Hezy Shaked remains Executive Chairman.
Total liquidity $113.7M; no debt; does not expect to borrow under credit facility in FY2025.

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