The earnings call indicated a mix of positive and negative outcomes. While there was an improvement in sequential business trends, strong e-commerce growth, and successful new store openings, challenges remain with decreased net sales, negative store comps, and increased SG&A expenses. The net loss in the third quarter further contributes to the mixed sentiment.

Company Guidance

During the Tilly's third quarter 2023 earnings call, the company reported a sequential improvement in results, with net sales at $166.5 million, a 6.4% decrease from last year. Comparable net sales, including both physical stores and e-commerce, declined by 9%, with physical store sales decreasing by 6.4% and e-commerce sales down 6.2%. Despite this, product margins improved sequentially by 80 basis points from the second quarter. The company experienced a decline in transaction volume, down by high single digits, but saw an increase in average transaction value. In the fourth quarter outlook, Tilly's expects net sales to range between $172 million and $178 million, with a comparable net sales decrease of 6% to 9%. They also plan for SG&A expenses around $55 million to $56 million, and a pretax loss between $5 million and $8 million. Tilly's anticipates ending fiscal 2023 with 248 total stores, amidst adjustments for improved merchandising and promotional strategies.

Sequential Improvement in Business Trends

The third quarter results showed a sequential improvement from the first and second quarter earnings, with stronger product margins and lower operating expenses than expected.

Positive E-commerce Growth

E-commerce net sales increased by 11% relative to last year's comparable period, indicating a strong digital performance.

Successful New Store Openings

Tilly's opened 6 new stores in the third quarter and just ahead of Thanksgiving, with plans for 4 more openings in fiscal 2024.

Improved Product Margins

Product margins improved sequentially this year by 80 basis points compared to the second quarter and by 170 basis points compared to the first quarter.

Strong Footwear Performance

Footwear comped positive in the third quarter, driven by improved inventory availability from brands like Nike, Converse, and Reebok.

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Tilly's (TLYS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TLYS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 29, 2018	2018 (Q2)	- / 0.29	0.11	163.64% (+0.18)	―	―
Nov 28, 2018	2018 (Q3)	- / 0.24	0.3	-21.00% (-0.06)	―	―
Mar 14, 2019	2018 (Q4)	- / 0.27	0.23	17.39% (+0.04)	―	―
May 29, 2019	2019 (Q1)	- / 0.02	0.04	-50.00% (-0.02)	―	―
Aug 28, 2019	2019 (Q2)	- / 0.31	0.29	6.90% (+0.02)	―	―
Dec 04, 2019	2019 (Q3)	- / 0.23	0.237	-2.95% (>-0.01)	―	―
Mar 12, 2020	2019 (Q4)	- / 0.21	0.27	-22.22% (-0.06)	―	―
Jun 04, 2020	2020 (Q1)	- / -0.59	0.02	-3050.00% (-0.61)	―	―
Sep 03, 2020	2020 (Q2)	- / 0.18	0.31	-41.94% (-0.13)	―	―
Dec 03, 2020	2020 (Q3)	- / 0.07	0.23	-69.57% (-0.16)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TLYS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 05, 2024	$4.38	$4.22	-3.65%
Sep 05, 2024	$4.75	$4.54	-4.42%
Jun 06, 2024	$5.80	$5.62	-3.10%
Mar 14, 2024	$7.20	$6.93	-3.75%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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