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Tilly's, Inc. Stock Price: Quote, Forecast, Splits & News (TLYS)

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Company Profile

New

Tilly's, Inc. Price & Performance (TLYS)

Stock Performance

Updated Mar 26, 8:00 PM UTC

TLYS:NYSE

$2.25USD

After Hours

+1.78% · $0.04

Open

$2.21

High

$2.25

Low

$2.10

Market Cap

$67.84M

P/E Ratio

-1.5

Volume

45.79K

Year High

$6.98

Year Low

$2.10

News & Market Insights

Tilly’s Faces Market Struggles as Stock Hits New Low
Mar 12, 2025
Tilly’s Inc. (NYSE: TLYS) stock reached a new 52-week low of $2.22 amid ongoing challenges in the retail sector. The company has seen a 67.4% decline in stock value over the past year, driven by revenue decreases and negative earnings. Analysts remain cautious, with a "Hold" consensus rating.12
Retailer Tilly’s Reports Steep Q4 Loss and Revenue Decline
Mar 20, 2025
Tilly’s posted a Q4 2025 net loss of $13.7 million, with revenue falling 14.9% year-over-year to $147.3 million. The company’s EPS of -$0.45 missed forecasts. Despite plans for inventory reductions and merchandising changes, the stock dropped 9.09%, reflecting investor concerns over its financial health.34
Analysts Lower Tilly’s Price Target Amid Weak Performance
Roth MKM reduced Tilly’s price target from $5 to $2.50 following poor Q4 results. The company’s operating inefficiencies and declining margins have raised concerns. Despite projections for slight improvement in Q1 2026, the stock remains under scrutiny as it navigates a challenging retail landscape.25

What's Happening

Peers

Earnings

Report Date

Mar 12, 2025

Reported Revenue

147.3M

Avg 1d Change

7.79%

Report Period

Q4 2025

Reported EPS

-0.45

Implied Move 1d

28.96%

Transcript

11m 3s

Today's call will be limited to one hour and will include a Q and A session after our prepared I will now turn the call over to Mike.

11m 11s

Thank you, Gar, and to everyone on the call for joining us today. The fourth quarter of fiscal twenty twenty four was disappointing particularly following what was our best comp sales performance since 2021 during the third quarter.

11m 23s

We made several organizational changes in our merchandising team during the fourth quarter, with the goal of beginning to stabilize and then turning our sales trajectory around. We believe in our merchandising team's abilities.

11m 35s

Merchandising has not been easy when many of our best traditional brand partners been facing their own significant operating challenges. [indiscernible] are adapting our brand and assortment mixes to attempt to improve sales. And changes will continue as we progress through fiscal twenty twenty five.

11m 51s

We believe our spring assortment is on trend based on the brief period of positive comps we saw in stores when weather turned warmer.

11m 57s

We have planned meaningfully reduced inventory commitments throughout fiscal twenty twenty five compared to fiscal twenty twenty four we to target faster turns and further improvement in product margins.

12m 8s

We have reassessed inventory needs by product category and set targets that aim to move us back toward historical norms this company has been able to produce repeatedly in its past. Beyond merchandising adjustments, we've targeted significant from the combination of continued diligent scrutiny of every store lease decision, strict management of store distribution and corporate payroll, and negotiated reductions in contractual commitments across operational departments with the support of many of our business partners.

12m 39s

At the same time, we plan to continue investing in our business in terms of expanded marketing efforts, carefully selected new store opportunities pursuit of operating efficiencies, all with the goal of improving our performance. Now I will turn to the specifics of fiscal twenty twenty four fourth quarter operating performance compared to fiscal twenty twenty three's fourth quarter before sharing our fiscal twenty twenty five first quarter outlook.

13m 5s

Total net sales of $147,300,000 decreased by 14.9% compared to the fourth quarter of fiscal twenty twenty three.

13m 14s

Last year's fourth quarter contained an extra week, which Total comparable net sales including both physical stores and e commerce the comparable thirteen week period ended February 1, 2025 decreased by 11.2%. Total net sales from physical stores decreased by 13.7% and represented 73.5% of our total net sales compared to 72.6% of our total net sales last year. On a comparable thirteen week base E commerce net sales decreased by 17.8% and represented 26.5% of total net sales compared to 27.4 We ended the fiscal year with two forty total stores, a net decrease of eight stores compared to the end of fiscal twenty twenty three, after having closed 10 stores during the fourth quarter. Gross margin including buying distribution and occupancy expenses was 26% of net sales compared to 27% of net sales last year. Despite our sales miss and significantly increased inventory valuation reserves, product margins still improved by 190 basis points compared to last year primarily due to higher initial markups.

14m 33s

Buying distribution and occupancy costs deleveraged by two ninety basis points collectively despite being $1,500,000 below last year, due to carrying these costs against lower net sales.

14m 45s

Total SG and A expenses were $52,400,000 or 35.6% of net sales compared to $55,200,000 or 31.9% of net sales last year. The decrease in SG and A was primarily due to the extra week in last year's fourth quarter which added an estimated $2,600,000 to last year's SG and A. Pretax loss was $13,400,000 or 9.1% of net sales compared to $6,900,000 or 4% of net sales last year. [indiscernible] a result of the combination of factors just noted. Income tax expense was $200,000 despite our pretax loss position, due to the continuing impact of a full non cash deferred tax asset valuation allowance Last year's fourth quarter included the original non cash deferred tax asset valuation allowance charge of $15,400,000 resulting in income tax expense of $13,600,000 despite our pre tax loss position.

15m 44s

Net loss was $13,700,000 or $0.45 per share compared to $20,600,000 or $0.69 per share during last year's fourth quarter which included the previously mentioned valuation allowance charge. Turning to our balance sheet.

16m

Ended the fiscal year with total cash and marketable securities of $47,000,000 and available undrawn borrowing capacity of $48,000,000 under our asset backed credit facility.

16m 10s

Total inventories were 9.5% higher than at the end of fiscal twenty twenty three, However, as of 03/01/2025, total inventories were 6.1% below last year's level and as of the comparable date, due to specific actions taken to address this issue. Total capital expenditures in [indiscernible] in fiscal twenty twenty three.

16m 35s

Turning to the first quarter of fiscal twenty twenty five. The trend of our business has improved from our fourth quarter performance with total comparable net sales for fiscal February ended 03/01/2025 decreasing by 5.7% relative to the comparable period of last year, with stronger performance when the weather has turned warmer.

16m 53s

As a result and based on current historical trends, we currently estimate that our total net sales for the first quarter will be in the range of approximately 105,000,000 to $111,000,000 translating to a comparable store net sales decrease in the range of approximately 8% to 3%, respectively, compared to last year [indiscernible] expect our SG and A expenses to be approximately $42,000,000 to $43,000,000 in the absence of any non cash asset impairment charges which may arise and our pre tax loss to be in the range of $20,000,000 to $17,000,000 respectively. Our estimated loss per share is for the first quarter with a near zero income tax rate due to the continuing impact of the previously noted valuation allowance on deferred tax assets.

17m 44s

We currently expect to have two thirty eight total stores operating at the end of the first quarter compared to two forty six at the end of last year's first quarter. As our cash naturally ebbs and flows with the cadence of the fiscal year, we expect to end the first quarter with total cash and marketable securities of approximately $25,000,000 to $30,000,000 before it moves back higher at the end of the second quarter amid the early stages of the back to school season. [indiscernible] At our fiscal February comparable net sales trend, we believe we can operate without accessing our credit facility at any time during fiscal twenty twenty five. We expect to operate with lower unit inventories than last year throughout fiscal twenty twenty five as I noted earlier. [indiscernible] Additionally, we expect to finalize an extension of our asset backed credit facility with Wells Fargo Bank through July 2028 before the end of the first quarter.

18m 34s

In closing, our goals for fiscal twenty twenty five are to deliver improved sales and inventory efficiency with reduced expenses. [indiscernible] may prove difficult to achieve amid current economic concerns, but we believe we have the plans and teams in place that can deliver results [indiscernible] look forward to sharing our progress with you as we go through the year. Operator, we'll now go to our Q and A session.

18m 54s

We will now begin the question and answer session. Our first question comes from Jeff Van Sinderen with B. Riley Securities. Please go ahead.

19m 25s

Thanks for taking my question. I guess the first one I had was just around tariff. Impact or potential tariff impact. Maybe you can just lay out for us I know you do have some private label product, but I don't think there's a tariff impact on that. Can you just refresh our memories around potential tariff impact?

19m 52s

Ahead, Jesse. Let me take it. This is Jesse. So we looked into it by the way, Monday, [indiscernible] and it will be a minor effect about very few of the vendors we're using for private label Actually, it's only one at this stage. Indicated that they might have to split the increased cost with us. And it's not significant with this particular vendor, But this is the information we have as of right now. I expect it to have some effect It's hard to quantify at this stage. Okay.

20m 29s

As you're sort of thinking about the Doge backdrop that we're in and the potential impact to the consumer overall The recession word is sort of being talked about. I guess how are you thinking about that? Do you feel like the changes you're making to the merchandise assortment can offset that?

20m 53s

I guess just any thoughts around that?

20m 55s

Yes. That is the goal, right? I mean, the headwinds we're going to have like everybody else does will be there And the hope is that by the time we get our merchandising, everything in line, we should be able to mitigate it, but there's no guarantee.

21m 17s

Okay. And then I just kind of have a more strategic or structural question for you. I'm just kind of looking at your cash balance and CapEx. How are you thinking about store openings this year? Are you planning to open any or are we in more of closure mode at this point? What should we anticipate for CapEx this year? And then I also wanted to ask you and this is something that has been done a little bit more, but I apologize for the multi part question here, but on e commerce, I just wonder if it might make sense [indiscernible] to fulfill e commerce out of your stores and not have a separate e commerce fulfillment center?

22m 9s

Sure. I will start from the last one. We do do a hybrid with feed from the stores as well. As we do from ecom. In the event that we don't have it in ecom building, it comes from the closer store to the customer. So at this stage, it's not something we are considering. Doing complete shipping from the stores. On your first question on the CapEx, we are still opportunistic Any situation that we believe the ROI is going to be short We'll capitalize on that. We did open two stores recently. [indiscernible] And I think we will see great results on those two. We do have a kind of place marker for additional stores in case we find the right location that makes sense. But overall, I think my goal will be to probably close more unprofitable stores than opening new ones.

23m 19s

Yes. Jeff, I'll add some details to that. So One store opened already, about just last week actually.

23m 28s

There's a second one that's planned to open in August currently. We know of seven store closures that will take place as of now, three in the first quarter and four in the second quarter. That That's what we know as of this moment. And as he referenced, the placeholder that we have in our budget is just five stores. So it's a limited number.

23m 52s

And as you noted, we'll be very opportunistic that. It doesn't mean we're going to open five. We only have two as we have right now. And we have seven closures. There could be more closures as we go through the year and work through all of our lease decisions, but that's the latest information we have as of today. And sorry, Mike, on that, how many lease decisions do you have this year?

24m 16s

Well, just like every other recent year, we've been renegotiating leases for several years. And as we do these things, they tend to go one to two to three years at a time. So every year, there's roughly about 80 lease decisions to make, it seems, and that's right in the Okay.

24m 45s

And the next question comes from Matt Koranda with Roth Capital. Please go ahead.

24m 53s

Hey guys, just backing up to the fourth quarter results and the comp, just wanted to see sort of if you could maybe just give a little commentary on the down 11% comp for the fourth quarter. It's a little below the range you gave and just wanted to see kind of what might have fallen short kind of later in the quarter? Go ahead, Mike. Yes, we started off really go ahead, Azi.

25m 15s

No, no, you can take that.

25m 19s

Okay. Obviously, when we released Q3 earnings and gave our outlook, we acknowledged what our comps were through the early stage of the quarter. So November was the weakest month of of the quarter by far. We were down 21% in fiscal November and then we were down 6% to 7% in each of December and January just to give you the cadence of the quarter. Okay.

25m 44s

All right. Got you. And then just in terms of the trends quarter to date, know the release says sort of minus 6% roughly terms of comp in February. Or expecting minus 8% to 3%. Maybe just can you talk about the sensitivities in the and there's what brings us to the bottom and the top end of that range?

26m 3s

And then just any way you can unpack sort of any of the trends at all that you saw in February I know a lot have been kind of calling out some softness in the month of February. Progressively as we went through the month, but just want to see if you could note any changes that you were seeing in your business?

26m 25s

Sure. So in fiscal February, week three was the softest of the month. And then in week four is when we got a nice little heat wave, especially here in California. And so I noted in our prepared remarks that we did see positive comps in our stores That was a four day period when we had really nice seasonal weather. And saw a pretty significant change in the trajectory of our business. And with a lot of parts of our spring assortment really popping during that period. So in the aggregate, fiscal February finished at minus 5.7 and that was inclusive of that short window of time where we saw positive comps in our stores. Gives us some cautious optimism that as we get into better, more warmer weather as we get deeper into the quarter that [indiscernible] our assortment seems to be on trend and we should see some response from it. As we get into more spring seasonal weather. We do have a later Easter this year.

27m 31s

So it is going to get a little worse before it gets better because of the shift out of Easter? Easter was March 31, last year versus April 20 this year. So our outlook range kind of encapsulates right where we are. Cautious optimism I mentioned of seeing some warmer weather and better performance lead us towards the upper end. And kind of nothing really got better than what we're anticipating and knowing that things are going to get tougher in March because of the later East the typical Easter shift that happens every year. One way or the other. That could lead us towards the bottom end. 2022 was the last fiscal year where Easter is in the precise location as it is this year. So that's what using to model kind of how the cadence of the quarter goes.

28m 21s

Okay.

28m 21s

Very helpful, Mike. Thanks. And then maybe just for HEZI, can you just talk higher level about sort of what inning we are in terms of the merchandising and When will the new teams sort of fully have their fingerprints on all products in the stores? Maybe just level set everybody on sort of when we should expect that to come into play? Absolutely. Absolutely. Yes, absolutely. Let me take you back a little bit. By the way, as you know, we missed the merchandise for Christmas fourth quarter. That was the reason I changed the merchant We've realigned the merchant team. We have a lot good talent there, but the direction was wrong.

29m 11s

And I think by July, we should see the results of the merchant team effort. I also got a remind you what's happening here is we had to mark down a lot of the merchandise because it was just the wrong direction. And due to that, that affects everything, including your comps.

29m 34s

Because you comp in dollars.

29m 37s

And we are going through this merchandise, we're clearing it. As you can see, our merchant our inventory is down. And we expect to clear all that by the same time. We should see some results in July.

29m 54s

Okay. That makes sense. Appreciate that, Hezi. And then maybe just last one for Mike.

29m 58s

Just can you just comment on what's embedded in the cash balance guide at the end of the quarter in terms of inventory? Are we assuming that the inventory balance is down year over year at the end of the quarter? Maybe just talk about sort of where you see inventory normalizing? And then, I guess, the other kind of higher level question on the balance sheet is just like what would cause you to tap the credit facility at what point would we we see you drawing on that, if and when?

30m 29s

Sure. So as I noted in our prepared remarks, planning to operate with lower unit inventories all year long.

30m 37s

We took a really hard look at our inventory needs by product category, being a lot more strict about how we're viewing that We've simply been buying too much in recent years. And so worked real hard with the teams to realign our inventory plans kind of from bottoms up perspective by product category and feel confident that we have a good plan in place to have inventory very well managed as we go throughout the year. So we should be below last year's levels all year long at the end of each quarter.

31m 15s

And that's been planned into to our merch plan budget for the year. So long as we don't have something approaching about a minus 10% comp consistently all year long, we should not have to access our credit facility. As I mentioned, based on our February comp run rate of minus 5.7, we could run that all year long and we would not have to touch our credit facility at all. So we have a borrowing free balance sheet and so long as we don't have a deterioration in our comp trend from where we are, and closer to about that minus 10% level. We shouldn't have to access our credit facility at any point in time.

31m 57s

Okay, super clear. Appreciate it guys. I'll leave it there.

32m 2s

And the next question comes from Jeff Van Sinderen with B. Riley Securities. Please go ahead.

32m 10s

Just wanted to sort of follow-up around the thinking on the credit line and the cash balance. And just wondering if there are other areas you feel you can reduce as and A given kind of the rate run rate of the business?

32m 29s

So we have That was in our prepared remarks as well.

32m 33s

We've renegotiated a lot of contractual commitments with the assistance of several of our business partners We had to absorb another year of minimum wage increases that for the first quarter would all things being equal cost us about $400,000 but with another swing at trying to be super tight on our payroll metrics We actually expect our payroll dollars to be down in the first quarter. Despite that minimum wage increase, Hezi and I ran every single department head over the coals with their departmental budgets we have looked at literally everything. So we expect to see some favorability as we go through our lease decisions. We expect to see some favorability out of payroll in all facets, as I mentioned, whether it's store payroll, or corporate office because of the changes we've made and plans we have in place. And we've looked at every major contractual commitment that we have looking for anywhere that we can squeeze expense and those things are factored in and also have an impact on our ability to manage our way through the year.

33m 41s

Without accessing our credit facility because of it. Okay. So is it would it be fair to say, Mike, that if your business starts to turn up, which you sound cautiously optimistic that it can And hopefully around the summertime, it will.

34m 2s

And let's just if we assume for a second that you are comping positive in third quarter, let's say, or second quarter, Would it be fair to think that with the reductions you've made so far that the SG and A dollars can be down year over year? I just want to kind of clarify the thinking on that.

34m 23s

That would be our expectation, yes.

34m 25s

That we could manage through this year with a lower total dollar value of SG and A than what we had in 2024.

34m 33s

Okay. Thank you. This concludes our question and answer session. I would like to turn the conference back over to Mike Henry for any closing remarks.

34m 46s

Thank you all for joining us on the call today and we look forward to sharing our results with you as we go through the year. Thank you. [indiscernible] [indiscernible] [indiscernible]

Key Insights

TLYS reported a 14.9% decrease in total net sales for Q4 FY2024 compared to the same period last year, with comparable net sales down 11.2%. E-commerce sales declined by 17.8%, while physical store sales decreased by 13.7%.
The company plans to reduce inventory commitments throughout FY2025, targeting faster inventory turns and improved product margins. Inventory levels are expected to remain below last year's levels throughout the year.
For Q1 FY2025, TLYS estimates total net sales between $105 million and $111 million, with comparable store net sales expected to decrease by 8% to 3%. SG&A expenses are projected to be approximately $42 million to $43 million, with a pre-tax loss of $20 million to $17 million.
The company is focusing on cost reductions, including renegotiating leases, managing payroll tightly, and reducing contractual commitments. Despite these measures, TLYS plans to invest in marketing and selective new store opportunities.
TLYS expects to end Q1 FY2025 with a cash balance of $25 million to $30 million and does not anticipate needing to access its credit facility unless comp sales deteriorate significantly below a -10% trend. The company also plans to finalize an extension of its credit facility through July 2028.

Recent Transcripts

Tilly's reports a 14.9% Q4 revenue decline with strategic cost-cutting and inventory adjustments planned.

Income Statement

Revenue

	2020	2021	2022	2023	2024
Revenue	$619M	$531M	$776M	$672M	$623M
Cost of Revenue	$433M	$389M	$499M	$469M	$457M
Gross Profit	$187M	$142M	$277M	$203M	$166M
Gross Profit %	30%	27%	36%	30%	27%
R&D Expenses	$0	$0	$0	$0	$0

2020

2021

2022

2023

2024

Revenue

$619M

$531M

$776M

$672M

$623M

Cost of Revenue

$433M

$389M

$499M

$469M

$457M

Gross Profit

$187M

$142M

$277M

$203M

$166M

Gross Profit %

30%

27%

36%

30%

27%

R&D Expenses

Cash Flow

Net Income

	2021	2022	2023	2024	2025
Net Income	-$1.1M	$64M	$10M	-$34M	-$46M
Dep. & Amort.	$19M	$17M	$14M	$13M	$13M
Def. Tax	-$4.9M	$503K	$3.2M	$8.5M	$0
Stock Comp.	$2M	$1.9M	$2.3M	$2.2M	$2.1M
Chg. in WC	$24M	-$20M	-$31M	$2.7M	$0

2021

2022

2023

2024

2025

Net Income

-$1.1M

$64M

$10M

-$34M

-$46M

Dep. & Amort.

$19M

$17M

$14M

$13M

Def. Tax

-$4.9M

$503K

$3.2M

$8.5M

Stock Comp.

$2M

$1.9M

$2.3M

$2.2M

$2.1M

Chg. in WC

$24M

-$20M

-$31M

$2.7M

Balance Sheet

Cash

	2020	2021	2022	2023	2024
Cash	$70M	$76M	$42M	$74M	$47M
ST Investments	$70M	$65M	$97M	$40M	$48M
Cash & ST Inv.	$140M	$141M	$139M	$113M	$95M
Receivables	$7.5M	$8.7M	$6.7M	$9.2M	$5.9M
Inventory	$57M	$56M	$66M	$62M	$63M

2020

2021

2022

2023

2024

Cash

$70M

$76M

$42M

$74M

$47M

ST Investments

$70M

$65M

$97M

$40M

$48M

Cash & ST Inv.

$140M

$141M

$139M

$113M

$95M

Receivables

$7.5M

$8.7M

$6.7M

$9.2M

$5.9M

Inventory

$57M

$56M

$66M

$62M

$63M

Go Deeper

Financial information provided by Financial Modeling Prep. Options data provided by Unusual Whales. Live transcripts provided by Quartr. All data is provided for informational purposes only, and is not intended for trading purposes or financial, investment, tax, legal, accounting or other advice. · See all tickers.

OverviewOverview
News & Market InsightsNews & Market Insights
EarningsEarnings
Income StatementIncome Statement
Cash FlowCash Flow
Balance SheetBalance Sheet
RelatedRelated

Earnings

Report Date

Mar 12, 2025

Reported Revenue

147.3M

Avg 1d Change

7.79%

Report Period

Q4 2025

Reported EPS

-0.45

Implied Move 1d

28.96%

Transcript

11m 3s

Today's call will be limited to one hour and will include a Q and A session after our prepared I will now turn the call over to Mike.

11m 11s

11m 23s

11m 35s

11m 51s

We believe our spring assortment is on trend based on the brief period of positive comps we saw in stores when weather turned warmer.

11m 57s

12m 8s

12m 39s

13m 5s

Total net sales of $147,300,000 decreased by 14.9% compared to the fourth quarter of fiscal twenty twenty three.

13m 14s

14m 33s

Buying distribution and occupancy costs deleveraged by two ninety basis points collectively despite being $1,500,000 below last year, due to carrying these costs against lower net sales.

14m 45s

15m 44s

16m

Ended the fiscal year with total cash and marketable securities of $47,000,000 and available undrawn borrowing capacity of $48,000,000 under our asset backed credit facility.

16m 10s

16m 35s

16m 53s

17m 44s

18m 34s

18m 54s

We will now begin the question and answer session. Our first question comes from Jeff Van Sinderen with B. Riley Securities. Please go ahead.

19m 25s

19m 52s

20m 29s

20m 53s

I guess just any thoughts around that?

20m 55s

21m 17s

22m 9s

23m 19s

Yes. Jeff, I'll add some details to that. So One store opened already, about just last week actually.

23m 28s

23m 52s

24m 16s

24m 45s

And the next question comes from Matt Koranda with Roth Capital. Please go ahead.

24m 53s

25m 15s

No, no, you can take that.

25m 19s

25m 44s

26m 3s

26m 25s

27m 31s

28m 21s

Okay.

28m 21s

29m 11s

29m 34s

Because you comp in dollars.

29m 37s

And we are going through this merchandise, we're clearing it. As you can see, our merchant our inventory is down. And we expect to clear all that by the same time. We should see some results in July.

29m 54s

Okay. That makes sense. Appreciate that, Hezi. And then maybe just last one for Mike.

29m 58s

30m 29s

Sure. So as I noted in our prepared remarks, planning to operate with lower unit inventories all year long.

30m 37s

31m 15s

31m 57s

Okay, super clear. Appreciate it guys. I'll leave it there.

32m 2s

And the next question comes from Jeff Van Sinderen with B. Riley Securities. Please go ahead.

32m 10s

32m 29s

So we have That was in our prepared remarks as well.

32m 33s

33m 41s

34m 2s

34m 23s

That would be our expectation, yes.

34m 25s

That we could manage through this year with a lower total dollar value of SG and A than what we had in 2024.

34m 33s

Okay. Thank you. This concludes our question and answer session. I would like to turn the conference back over to Mike Henry for any closing remarks.

34m 46s

Thank you all for joining us on the call today and we look forward to sharing our results with you as we go through the year. Thank you. [indiscernible] [indiscernible] [indiscernible]

Key Insights

TLYS reported a 14.9% decrease in total net sales for Q4 FY2024 compared to the same period last year, with comparable net sales down 11.2%. E-commerce sales declined by 17.8%, while physical store sales decreased by 13.7%.
The company plans to reduce inventory commitments throughout FY2025, targeting faster inventory turns and improved product margins. Inventory levels are expected to remain below last year's levels throughout the year.
For Q1 FY2025, TLYS estimates total net sales between $105 million and $111 million, with comparable store net sales expected to decrease by 8% to 3%. SG&A expenses are projected to be approximately $42 million to $43 million, with a pre-tax loss of $20 million to $17 million.
The company is focusing on cost reductions, including renegotiating leases, managing payroll tightly, and reducing contractual commitments. Despite these measures, TLYS plans to invest in marketing and selective new store opportunities.
TLYS expects to end Q1 FY2025 with a cash balance of $25 million to $30 million and does not anticipate needing to access its credit facility unless comp sales deteriorate significantly below a -10% trend. The company also plans to finalize an extension of its credit facility through July 2028.

Tilly's, Inc. Price & Performance (TLYS)

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High

Low

Market Cap

P/E Ratio

Volume

Year High

Year Low

News & Market Insights

What's Happening

Peers

Earnings

Report Date

Reported Revenue

Avg 1d Change

Report Period

Reported EPS

Implied Move 1d

Transcript

Key Insights

Recent Transcripts

Income Statement

Cash Flow

Balance Sheet

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Related

Recent Transcripts

News & Market Insights

Go Deeper

Earnings

Report Date

Reported Revenue

Avg 1d Change

Report Period

Reported EPS

Implied Move 1d

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Key Insights