Tilly's Q3 net loss improves to $1.4M; comp sales +2.0%, first positive since Q4 2021

TILLY'S, INC.

Net sales $139.6M (-2.7% YoY); total comparable net sales +2.0%, first quarterly growth since Q4 2021.
Net loss improved to $1.4M ($0.05/share) from $12.9M ($0.43/share) last year; operating loss $1.9M vs $14.1M.
Gross margin expanded to 30.5% from 25.9%, driven by 390 bps product margin improvement.
Early Q4 (through Dec 2) comp sales +6.7%; full Q4 guidance: net sales $146-151M, net loss $0.19-0.12/share.
Store count down to 230 from 246; expects Q4-end store count of 223; total liquidity $100.7M.

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