Tilly's Inc. - TLYS STOCK NEWS

Tilly’s, Inc. (NYSE:TLYS) has declared a special cash dividend of $1.00 per share, amounting to approximately $31 million total, to be distributed on July 9, 2021. Shareholders as of June 25, 2021 will receive this one-time dividend. This marks the fifth consecutive year Tilly's has provided a special dividend, attributed to strong cash generation during the pandemic. However, future dividends are not guaranteed and depend on various operational factors.

Tilly’s reported financial results for Q1 FY2021, ending May 1, 2021, achieving record net sales of $163.2 million, a 111.1% increase year-over-year. The company saw a remarkable 171.9% growth in physical store sales, contributing 78.3% of total sales. E-commerce sales also grew 17.0% to $35.5 million. Gross profit surged to $54.8 million, or 33.6% of net sales. Net income improved to $11.0 million or $0.36 per diluted share. The company expects a positive Q2 outlook, driven by strong merchandising and favorable consumer trends.

Tilly’s, Inc. (NYSE: TLYS) will announce its financial results for Q1 2021 after market close on June 3, 2021.

The conference call will feature CEO Edmond Thomas and CFO Michael Henry at 4:30 p.m. ET. Participants can join via phone or a live webcast on www.tillys.com. A replay will be available until June 17, 2021. Tilly's operates 238 stores across 33 states, offering a wide range of apparel and accessories for the youth market.

Tilly's, Inc. (TLYS) reported fourth quarter 2020 results with net sales of $177.9 million, up 3.2% year-over-year. E-commerce sales surged 66.5% to $55.4 million, representing 31.1% of total sales. However, physical store sales declined 12% to $122.5 million, affected by the COVID-19 pandemic. Gross profit increased to $58.3 million, and net income rose to $8.9 million ($0.29 per share). For the fiscal year, total net sales dropped 14.2% to $531.3 million. The company ended the year with no debt and $141.1 million in cash. Uncertainty remains regarding the ongoing pandemic's impact on future sales.

Tilly’s, Inc. (NYSE: TLYS) is set to release its financial results for Q4 fiscal 2020, ending January 30, 2021, on March 11, 2021, after market closure. Following the announcement, CEO Edmond Thomas and CFO Michael Henry will conduct a conference call at 4:30 p.m. ET to discuss the results. Investors can participate by calling (877) 407-4018 domestically or (201) 689-8471 internationally, or by joining the live webcast at their website. A replay of the call will be available until March 25, 2021.

Tilly’s, Inc. (TLYS) reported a 3.3% increase in total net sales, reaching $148.7 million for the 2020 holiday period compared to $143.9 million in 2019. Comparable net sales rose by 2.7%, with significant growth in e-commerce, which surged 65.2% and represented 31% of total sales. Despite a 12.4% decline in physical store sales, Tilly’s ended the period with cash and marketable securities of $169.1 million, a slight increase from last year. The company will present at the virtual ICR Conference on January 11-12, 2021, while acknowledging the ongoing uncertainties stemming from COVID-19.

Tilly’s, Inc. (NYSE: TLYS) announced its participation at the virtual ICR Conference 2021 on January 11, 2021, at 12:30 p.m. ET. The presentation, featuring Ed Thomas, President and CEO, alongside Mike Henry, EVP and CFO, will be in a fireside chat format. Investors can tune in through the Investor Relations section of Tilly’s website, www.tillys.com. Tillys is a specialty retailer focused on casual apparel, footwear, and accessories for youths, operating 239 stores across 33 states along with its online platform.

Tilly’s, Inc. (NYSE: TLYS) reported its Q3 2020 results showing total net sales of $140.3 million, down 9.4% year-over-year. Physical store sales fell by 20.8% to $104.6 million, impacted by COVID-19 restrictions, while e-commerce sales surged 57.3% to $35.7 million, constituting 25.5% of total sales. Gross profit declined to $40.7 million (29.0% of sales) from $47.2 million (30.5% last year). Q3 net income was $2.1 million ($0.07 per share), a decrease from $6.4 million ($0.21 per share) in the prior year. The company ended the quarter with $125.3 million in cash and no debt, suggesting adequate liquidity for operations.

Tilly's, Inc. (NYSE: TLYS) has announced a new asset-backed credit facility worth $65.0 million with Wells Fargo, replacing its previous $25.0 million facility. The new facility, maturing on November 9, 2023, will enhance financial flexibility, especially during the pandemic, by increasing borrowing capacity and reducing financial covenant pressures. The company reported $126.2 million in cash and marketable securities as of November 9, 2020, compared to $131.9 million the previous year, with no outstanding debt.