Tilly's Inc Down 7.50% To $6.66 After Earnings Beat

Friday, March 15, 2024 - Tilly's Inc (TLYS) reported upside earnings and revenues today.

The consensus among analysts for Tilly's Inc was for an earnings per share (EPS) loss of $0.22 per share. The firm was able to surpass those projections, reporting an EPS loss of $0.17 per share, a positive surprise of $0.05 (23%). Profits fell 1800% year-over-year after reporting an EPS of $0.01 in its year-ago quarter. The negative growth rate signals that the Consumer Cyclical company isn't performing well amid current economic conditions.

Revenues were upbeat at $173 million. That represents a 4.06% decrease in revenues from the year-ago report and is 0.80% higher than consensus estimates set at $171.7 million.

The stock is down 7.50% to $6.66 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

Wall Street Analysts had an average rating of Hold on the stock prior to the report.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Tilly's Inc has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 20, putting Tilly's Inc in the bottom 25% of stocks. The firm set a 52-week high on September 1, 2023 at $9.5 and set a 52-week low on June 6, 2023 at $6.05.

Tilly's Inc works as a specialty retailer of casual apparel, footwear, and accessories for young men, young women, boys, and girls. It offers an unparalleled selection of relevant brands, styles, colors, sizes, and price points. It delivers branded fashion, and core styles for tops, outerwear, bottoms, and dresses. It also provides backpacks, hats, sunglasses, headphones, handbags, watches, and jewelry. The company markets its products under the brand names of Vans, RVCA, Nike SB, and Hurley among others. It operates its stores in malls, lifestyle centers, power centers, community centers, outlet centers, street-front locations, and also through e-commerce.