Tilly’s reports Q2 EPS 0c vs. (4c) last year

Reports Q2 revenue $162.9M vs. $160.0M last year. “While the macro environment remains challenging for our customer demographic, we believe that our new pricing strategies are gaining traction as evidenced by our second consecutive quarter of improved product margins, and that we are beginning to drive improved customer engagement through our refocused marketing efforts,” commented Hezy Shaked, Co-Founder and Interim President and Chief Executive Officer. “We are encouraged to have started the third quarter with a positive comp in fiscal August, representing our first positive monthly comparable net sales result since February 2022. However, we remain cautious in our third quarter outlook as our business has begun to slow down following the peak of the back-to-school season, consistent with the trend pattern in recent years.”