Tilly's Shares Slide After 12.9% Decline In Holiday Sales, Q4 Outlook Cut

  • Tilly’s Inc TLYS said its 2022 holiday period sales decreased by 12.9% to $150.9 million.
  • Total comparable net sales, including both physical stores and e-commerce, decreased by 14.4% for the period versus a 14.1% increase last year.
  • Sales in E-commerce dropped by 12.8% and represented 25.6% of total sales.
  • Tilly’s said the holiday sales were negatively impacted by this year's inflationary environment compared to much more favorable market conditions during the 2021 holiday period.
  • As of January 3, 2023, the company had $145.9 million of cash and equivalents and had no outstanding debt.
  • Outlook: Based on the company's net sales results for the 2022 holiday period and recent historical trends for the fiscal month of January, TLYS expects Q4 net sales of $178 million - $180 million against the prior view of $183 million - $188 million and the consensus of $185.3 million.
  • The company expects Q4 loss per share of $(0.01) - $(0.04), down from the prior EPS guidance of $0.02 - $0.06 (consensus $0.04).
  • This compares to $204.5 million in net sales and $0.38 in EPS for the fourth quarter of last year.
  • Price Action: TLYS shares are trading lower by 7.61% at $8.25 in premarket on the last check Monday.
  • Photo Via Company
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