{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-22-031237","form_type":"8-K","ticker":"TLYS","cik":"0001524025","company_name":"TILLY'S, INC.","filed_at":"2022-12-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.972260+00:00","generated_at":"2026-06-21T10:50:45.802615+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Tilly's Q3 net sales down 14.9% comp, EPS $0.17 vs $0.66 YoY; Q4 EPS guidance $0.02-0.06","bullets":["Q3 net sales $177.8M (-13.7% YoY); comparable net sales -14.9%. Net income $5.1M ($0.17 EPS) vs $20.8M ($0.66).","Gross margin 30.7% down from 37.2%, driven by 300 bps product margin decline from higher markdowns and occupancy deleverage.","Q4 FY2022 outlook: net sales $183-188M, EPS $0.02-0.06, vs last year's $204.5M and $0.38. November comps -18.5% through Nov 29.","Inventory per sq ft down 6.9% YoY; cash & marketable securities $105.8M, no debt. Year-to-date $10.9M share repurchases.","FY2023 capex expected ≤$25M, including up to 15 new stores and system upgrades."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-22-031237","json":"https://secwatch.observer/filing/0001628280-22-031237.json","markdown":"https://secwatch.observer/filing/0001628280-22-031237.md","text":"https://secwatch.observer/filing/0001628280-22-031237.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1524025/000162828022031237/0001628280-22-031237-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1524025/000162828022031237/tlys-20221201.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T10:50:45.802615+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0f5ae38ff5a8c0dfca668cf0430ed325fa183cca","claim":"TILLY'S, INC. reported the third quarter of fiscal 2022 ended October 29, 2022 results: revenue $177.8 million, net income $5.1 million, EPS $0.17 per diluted share.","evidence_excerpt":"• Total net sales were $177.8 million, a decrease of $28.2 million or 13.7%, compared to $206.1 million last year. Total comparable net sales, including both physical stores and e-commerce (\"e-com\"), decreased by 14.9%. ◦ Net sales from physical stores were $141.5 million, a decrease of $23.7 million or 14.4%, compared to $165.3 million last year with a comparable store net sales decrease of 15.8%. Net sales from physical stores represented 79.6% of total net sales compared to 80.2% of total net sales last year. The Company ended the third quarter with 247 total stores compared to 243 total stores at the end of the third quarter last year. ◦ Net sales from e-com were $36.3 million, a decrease of $4.5 million or 11.1%, compared to $40.8 million last year. E-com net sales represented 20.4% of total net sales compared to 19.8% of total net sales last year. • Gross profit, including buying, distribution, and occupancy costs, was $54.6 million, or 30.7% of net sales, compared to $76.7 milli","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1524025/000162828022031237/0001628280-22-031237-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter of fiscal 2022 ended October 29, 2022"},{"label":"Revenue","value":"$177.8 million"},{"label":"Net income","value":"$5.1 million"},{"label":"EPS","value":"$0.17 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"6b2e746b5c3aacc3a8b625f808c38dbfc63296a3","claim":"TILLY'S, INC. reported the first thirty-nine weeks of fiscal 2022 ended October 29, 2022 results: revenue $491.9 million, net income $9.8 million, EPS $0.32 per diluted share.","evidence_excerpt":"• Total net sales were $491.9 million, a decrease of $79.3 million or 13.9%, compared to $571.2 million last year. Total comparable net sales, including both physical stores and e-com, decreased by 14.9%. ◦ Net sales from physical stores were $396.1 million, a decrease of $61.4 million or 13.4%, compared to $457.6 million last year with a comparable store net sales decrease of 14.7%. Net sales from stores represented 80.5% of total net sales compared to 80.1% of total net sales last year. ◦ Net sales from e-com were $95.8 million, a decrease of $17.8 million or 15.7%, compared to $113.6 million last year. E-com net sales represented 19.5% of total net sales compared to 19.9% of total net sales last year. • Gross profit including buying, distribution, and occupancy costs, was $150.4 million, or 30.6% of net sales, compared to $206.3 million, or 36.1% of net sales, last year. Buying, distribution and occupancy costs deleveraged by 300 basis points collectively despite being $0.9 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1524025/000162828022031237/0001628280-22-031237-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first thirty-nine weeks of fiscal 2022 ended October 29, 2022"},{"label":"Revenue","value":"$491.9 million"},{"label":"Net income","value":"$9.8 million"},{"label":"EPS","value":"$0.32 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}