Tilly’s Inc., an Irvine-based retail chain targeting teenagers, reported a good fiscal third quarter while its fourth quarter thus far has been disappointing.
“Our third quarter results included our best quarterly comp sales performance since fiscal 2021,” Chief Executive Hezy Shaked said in a statement. “However, we still have a long way to go to return to generating consistent sales growth and profitability. We are disappointed in our net sales performance in the early stages of the fourth quarter.”
The company reported a third quarter loss of 43 cents a share on revenue of $143.4 million; the two analysts covering the company expected a 32-cent loss on $140.8 million in sales. It forecasts a fourth quarter loss of 32 cents to 43 cents a share on revenue of $149 million to $156 million, missing the consensus for a 14 cent loss on $168.5 million in sales.
The company reported a third quarter loss of 43 cents a share on revenue of $143.4 million; the two analysts covering the company expected a 32-cent loss on $140.8 million in sales. It forecasts a fourth quarter loss of 32 cents to 43 cents a share on revenue of $149 million to $156 million, missing the consensus for a 14 cent loss on $168.5 million in sales.
Shares of Tilly’s declined 1.6% to $4.31 in after-hours trading. They had declined 2.9% to $4.38 and a $132 million market cap in regular trading (NYSE: TLYS).
