Tilly’s Inc. reported fiscal first quarter net sales jumped 16% to $124.7 million, driven by a 23% increase in same-store sales for the period ended May 2.
The Irvine-based apparel company has topped the Zacks consensus revenue estimate three times over the last four quarters.
“The turnaround momentum which began in fiscal 2025 continued through the first quarter of fiscal 2026, extending our streak of comparable net sales growth to three consecutive quarters and nine consecutive months, and delivering our fourth consecutive quarter of year-over-year profit improvement,” Chief Executive Nate Smith said in a statement.
In the subsequent trading session on June 4, shares surged 16% to $5.16 apiece with a $158 million market cap during midday trading on June 4 (NYSE: TLYS).
The retailer also reported net loss of 26 cents per share for Q1, improving from last year’s loss of 48 cents per share.
“Returning to profitability is our foremost goal for fiscal 2026,” Smith added.
