earnings
confidence high
sentiment negative
materiality 0.70
Tilly's Q1 net sales $115.9M (-6.3% YoY); comparable sales down 9.4%; GAAP loss $0.65/sh
TILLY'S, INC.
- Total net sales $115.9M, down 6.3% from $123.6M; comparable net sales decreased 9.4%.
- GAAP net loss per share $(0.65) vs $(0.40) last year; non-GAAP net loss per share $(0.48).
- Operating loss widened to $20.8M (17.9% of sales) from $17.3M (14.0%) last year.
- Gross margin flat at 21.0%; product margins improved 130 bps offset by occupancy deleverage.
- Store count 246 vs 248; e-com sales fell 10.8% to $23.0M; non-GAAP EPS in middle of outlook.