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Tillys Inc (TLYS) is a leading action sports retailer specializing in surf, skate, and motocross lifestyle apparel. This page provides investors and industry observers with direct access to the company’s official announcements, financial updates, and strategic developments.
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Tilly's, Inc. (NYSE: TLYS) has announced that it will release its financial results for the second quarter of fiscal 2024, which ended on August 3, 2024, after the market close on Thursday, September 5, 2024. The company will host a conference call at 4:30 p.m. ET (1:30 p.m. PT) on the same day to discuss the results. Hezy Shaked, Interim President and CEO, and Michael Henry, Executive VP and CFO, will lead the call.
Investors and analysts can participate by dialing (877) 300-8521 (domestic) or (412) 317-6026 (international). A live webcast will also be available on the company's website. A telephone replay will be accessible until September 12, 2024, using the conference identification number: 10191499.
Tilly's reported its first quarter fiscal 2024 results, ending May 4, 2024.
Key financials include a GAAP net loss per share of $0.65 and a non-GAAP net loss per share of $0.48, aligning with the midpoint of the company's outlook range.
Total net sales decreased by 6.3% to $115.9 million, with comparable net sales dropping by 9.4%. Physical store sales fell by 5.1% to $92.8 million, while e-commerce sales declined by 10.8% to $23.0 million.
Gross profit remained steady at 21.0% of net sales, but operating losses increased to $20.8 million from $17.3 million in the previous year.
The report highlighted a $1.5 million increase in non-cash store asset impairment charges and a $1.0 million rise in store payroll and benefits costs. The company's cash and securities were down to $68.0 million from $93.4 million last year.
Looking ahead, Tilly's forecasts second quarter net sales between $160 million and $165 million, with an estimated net loss per share of $0.13 to $0.03.
Tilly’s, Inc. (NYSE: TLYS) will release its financial results for the first quarter of fiscal 2024 on June 6, 2024. The conference call, hosted by Interim President and CEO Hezy Shaked and CFO Michael Henry, will take place at 4:30 p.m. ET. Investors can join via phone or webcast.
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