Shares of Tilly’s Inc., an Irvine-based retail chain catering to teenagers, jumped as much as 22% after reporting fiscal second-quarter results that indicated improving operations.
“We believe we are beginning to see the positive impacts of our efforts to stabilize our business,” Co-founder and Executive Chairman Hezy Shaked said in a statement. “Our comparable net sales trend has improved each quarter since the end of fiscal 2024, including through fiscal August to begin the third quarter.”
In after-hours trading, the shares soared 22% to $2.45. In trading during regular hours, they had climbed 13% to $2.03 and a $61 million market cap. The shares are up about four-fold since a 52-week low of 57 cents in May (NYSE: TLYS).
The company reported second-quarter sales fell 7.1% to $151.3 million and net income of 10 cents a share. The only analyst covering the company had predicted sales of $154 million and a loss of 4 cents a share.
The company forecast third-quarter sales of $134 million to $140 million and a per share loss of 23 cents to 35 cents. The analyst predicted revenue of $141.1 million and a 37-cent loss.
