Tilly’s Earnings: Here’s Why the Stock is Down Now
Tilly’s Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 66.67% to $0.15 in the quarter versus EPS of $0.09 in the year-earlier quarter.
Revenue: Rose 17.03% to $123 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Tilly’s Inc reported adjusted EPS income of $0.15 per share. By that measure, the company beat the mean analyst estimate of $0.13. It missed the average revenue estimate of $126.15 million.
Quoting Management: “Our unique offering of the most sought-after brands coupled with disciplined adherence to our pricing strategy led to quality earnings that were above our expectations. During the quarter we grew net sales, expanded gross margin, and increased net income compared to the prior year quarter on a comparable basis,” commented Daniel Griesemer, President and Chief Executive Officer. “We are encouraged by our customers’ positive response to date to our back-to-school merchandise, which reaffirms the continued relevance of our assortment and the Tilly’s concept during this important shopping period. We believe our inventory is well positioned to drive sales in our stores and on our website.”
Key Stats (on next page)…