---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-020498"
form_type: "8-K"
ticker: "TLYS"
cik: "0001524025"
company_name: "TILLY'S, INC."
filed_at: "2023-06-01T23:59:59+00:00"
generated_at: "2026-06-14T09:18:55.314539+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 loss $12.0M vs prior-year profit; comparable sales down 17.5%

## Summary
- Net sales $123.6M, down 15.2% YoY; comparable net sales decreased 17.5%.
- Operating loss $(17.3)M vs operating income $1.1M last year.
- Net loss $(0.40) per share vs diluted EPS $0.03 last year.
- Q2 FY2023 guidance: net sales $148M-158M; loss per share $(0.13)-(0.27).
- Cash and marketable securities $93.4M, no debt; inventories up 1.6% per sq ft.

## SEC filing metadata
- accession: 0001628280-23-020498
- form_type: 8-K
- ticker: TLYS
- cik: 0001524025
- company_name: TILLY'S, INC.
- filed_at: 2023-06-01T23:59:59+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/1524025/000162828023020498/0001628280-23-020498-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1524025/000162828023020498/tlys-20230601.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-020498
- JSON: https://secwatch.observer/filing/0001628280-23-020498.json
- Plain text: https://secwatch.observer/filing/0001628280-23-020498.txt

## Key facts
- Earnings Releases
  TILLY'S, INC. reported the first quarter of fiscal 2023 ended April 29, 2023 results: revenue $123.6 million, net income $(12.0) million, EPS $(0.40) per share. Guidance reaffirmed.
  - Period: the first quarter of fiscal 2023 ended April 29, 2023
  - Revenue: $123.6 million
  - Net income: $(12.0) million
  - EPS: $(0.40) per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: to the Company's operating results for the first quarter of fiscal 2023 ended April 29, 2023 versus the first quarter of fiscal 2022 ended April 30, 2022. • Total net sales were $123.6 million, a decrease of $22.1 million or 15.2%, compared to $145.8 million last year. Total comparable net sales, including both physical stores and e-commerce ("e-com"), decreased by
  evidence_url: https://www.sec.gov/Archives/edgar/data/1524025/000162828023020498/0001628280-23-020498-index.htm

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