---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-016040"
form_type: "8-K"
ticker: "TLYS"
cik: "0001524025"
company_name: "TILLY'S, INC."
filed_at: "2022-06-02T23:59:59+00:00"
generated_at: "2026-06-25T05:07:25.468852+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Tilly's Q1 net sales down 10.7% to $145.8M; EPS $0.03 vs $0.36; Q2 guidance weak

## Summary
- Net sales $145.8M (-10.7% YoY); comparable net sales -13.0%; diluted EPS $0.03 vs $0.36 record last year.
- Gross margin 30.1% vs 33.6%; product margins down 160 bps due to normalized markdowns.
- Cash and marketable securities $111M (down from $157.6M) after $61.6M special dividends and $8.2M share repurchases.
- Q2 guidance: net sales $170M-$175M, EPS $0.14-$0.20 vs $0.66 last year; Q2-to-date comp sales -17.0%.
- Inventory per sq. ft. up 12.7%; expects normalization by Q3; FY2022 capex $23M-$25M.

## SEC filing metadata
- accession: 0001628280-22-016040
- form_type: 8-K
- ticker: TLYS
- cik: 0001524025
- company_name: TILLY'S, INC.
- filed_at: 2022-06-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1524025/000162828022016040/0001628280-22-016040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1524025/000162828022016040/tlys-20220602.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-016040
- JSON: https://secwatch.observer/filing/0001628280-22-016040.json
- Plain text: https://secwatch.observer/filing/0001628280-22-016040.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.