Tilly's, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended February 03, 2024
March 14, 2024 at 04:05 pm
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Tilly's, Inc. reported earnings results for the fourth quarter and full year ended February 03, 2024. For the fourth quarter, the company reported sales was USD 173.02 million compared to USD 180.35 million a year ago. Net loss was USD 20.55 million compared to USD 0.104 million a year ago. Basic loss per share from continuing operations was USD 0.69. Diluted loss per share from continuing operations was USD 0.69.
For the full year, sales was USD 623.08 million compared to USD 672.28 million a year ago. Net loss was USD 34.49 million compared to net income of USD 9.68 million a year ago. Basic loss per share from continuing operations was USD 1.16 compared to basic earnings per share from continuing operations of USD 0.32 a year ago. Diluted loss per share from continuing operations was USD 1.16 compared to diluted earnings per share from continuing operations of USD 0.32 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.