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Tilly's Soars; Express And Guess Lower On Results And Guidance

Tilly's Soars; Express And Guess Lower On Results And Guidance

The retail space saw some news-based movement on Thursday amid the release of monthly same-store sales results by companies that continue to keep up the tradition of monthly reporting and some earnings reports.

Tilly's On Tear

Tilly's Inc (NYSE: TLYS), a retailer of apparel, footwear and accessories, reported strong earnings and revenue growth for the third quarter. The company also issued in-line earnings per share guidance for the fourth quarter.

The stock gap opened up and moved roughly sideways in the morning and rose steadily thereafter. The stock is now at a multi-month high and remains poised to a test a resistance at a little over $14. The $16.7 level could be the next resistance level for the stock.

Express Grinds To Halt

Express, Inc. (NYSE: EXPR) reported third-quarter adjusted earnings per share that missed estimates by a penny, although revenues, despite declining year-over-year, exceeded estimates. The company also warned of soft mall traffic and promotions hurting holiday sales. The company's fourth-quarter earnings per share guidance is weak, and it lowered its full-year adjusted earnings per share guidance.

The stock saw a gap down opening and declined steadily until early afternoon trading. Since then, the stock moved roughly sideways on roughly six times its average volume. Currently, it is at a four-year low and toying with a long-time support around $10.50.

Wrong Guess(ing)?

Guess?, Inc. (NYSE: GES) reported third-quarter earnings per share of $0.11, below the $0.14 estimated by analysts. Revenues of $521 million also trailed estimates. The company issued weak guidance for its fourth quarter and lowered its adjusted earnings per share guidance for the full year, blaming the predicament on worse than expected sales growth and gross margins at its Americas retail segment.

The stock is trading close to a near-term support it previously touched last month, on roughly 6.4 times its average volume.

At Thursday's Close

  • Tilly's closed up 41.84 percent at $14.
  • Express closed down 20.36 percent at $10.64. In Friday's pre-market session, however, shares were seen up 1.69 percent at $10.82.
  • Guess closed down 10.18 percent at $13.76.

Related Articles (GES + EXPR)

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Posted-In: Apparel retail retailersEarnings News Guidance Movers Trading Ideas Best of Benzinga

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