earnings
confidence high
sentiment negative
materiality 0.75
Tilly's Q2 net sales down 16.7% YoY; net income $0.13 EPS vs $0.66; Q3 guidance weak
TILLY'S, INC.
- Q2 net sales $168.3M, down 16.7% from $202.0M; comparable sales -16.4%.
- Net income $3.8M ($0.13 diluted EPS) vs $20.4M ($0.66) last year.
- Gross margin 30.9% vs 37.0%; product margins down 280 bps on higher markdowns.
- Q3 guidance: net sales $165-170M, comparable sales -18% to -21%, EPS $0.05-0.11.
- CEO cites 40-year-high inflation and challenging back-to-school trends.