Tilly's, Inc. Reports Earnings Results for the First Quarter Ended April 29, 2023
June 01, 2023 at 04:07 pm
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Tilly's, Inc. reported earnings results for the first quarter ended April 29, 2023. For the first quarter, the company reported sales was USD 123.64 million compared to USD 145.78 million a year ago. Net loss was USD 11.97 million compared to net income of USD 0.813 million a year ago.
Basic loss per share from continuing operations was USD 0.4 compared to basic earnings per share from continuing operations of USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.4 compared to diluted earnings per share from continuing operations of USD 0.03 a year ago.
Tilly's, Inc. is a specialty retailer of casual apparel, footwear, accessories, and hardgoods for young men, young women, boys and girls. The Companyâs stores are located in a variety of retail centers, including malls, lifestyle centers, power centers, community centers, outlet centers, and street-front locations. Customers may also shop online, where it features the same assortment of products as is carried in its stores, supplemented by additional online-only styles. The Company operates over 248 stores in 33 states. The Company's third-party brands include adidas, Champion, Dr. Martens, BDG, Converse, Edikted, Billabong, Crocs, Ethika, Birkenstock, Diamond Supply, Free People, Brixton, Dickies, G-Shock, Herschel Supply Co., HUF, Hydro Flask, Jansport, Levi's and others. It supplements its third-party merchandise assortment with its own proprietary brands across many of its product categories. It sells merchandise over the Internet through its e-commerce Website, www.tillys.com.