secwatch.observer — SEC 8-K summary
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Issuer:     TILLY'S, INC. (TLYS)
CIK:        0001524025
Form:       8-K
Filed at:   2022-06-02T23:59:59+00:00
Accession:  0001628280-22-016040
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1524025/000162828022016040/0001628280-22-016040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1524025/000162828022016040/tlys-20220602.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-016040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer