---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-031145"
form_type: "8-K"
ticker: "TLYS"
cik: "0001524025"
company_name: "TILLY'S, INC."
filed_at: "2023-08-31T23:59:59+00:00"
generated_at: "2026-06-11T01:08:19.875121+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Tilly's Q2 net loss $1.1M vs prior-year profit; comp sales -8.5%; Q3 guidance weak

## Summary
- Net sales $160.0M, down 5% YoY; comparable sales -8.5%; physical stores -9.3%, e-com -3.4%.
- Operating loss $2.7M vs income $5.2M; gross margin fell 320 bps to 27.7% on markdowns and occupancy costs.
- Net loss per share $0.04 vs income $0.13; H1 net loss $13.1M ($0.44 per share) vs income $4.6M.
- August comp trend improved to -3.9% through Aug 29; Q3 guidance: sales $166-171M, EPS loss $0.05-$0.11.
- No debt; cash & marketable securities $104.3M; FY capex expected $15-17M for 7 new stores.

## SEC filing metadata
- accession: 0001628280-23-031145
- form_type: 8-K
- ticker: TLYS
- cik: 0001524025
- company_name: TILLY'S, INC.
- filed_at: 2023-08-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1524025/000162828023031145/0001628280-23-031145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1524025/000162828023031145/tlys-20230831.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-031145
- JSON: https://secwatch.observer/filing/0001628280-23-031145.json
- Plain text: https://secwatch.observer/filing/0001628280-23-031145.txt

## Key facts
- Earnings Releases
  TILLY'S, INC. reported the second quarter of fiscal 2023 ended July 29, 2023 results: revenue $160.0 million, net income $(1.1) million, EPS $(0.04) per share.
  - Period: the second quarter of fiscal 2023 ended July 29, 2023
  - Revenue: $160.0 million
  - Net income: $(1.1) million
  - EPS: $(0.04) per share
  - Result: reported results
  source text: to the Company's operating results for the second quarter of fiscal 2023 ended July 29, 2023 versus the second quarter of fiscal 2022 ended July 30, 2022. • Total net sales were $160.0 million, a decrease of $8.4 million or 5.0%, compared to $168.3 million last year. Total comparable net sales, including both physical stores and e-commerce ("e-com"), decreased by 8.5%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1524025/000162828023031145/0001628280-23-031145-index.htm

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