NYSE$TLYS
Tillys Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported a net loss due to decreased net sales and reduced gross profit, impacted by a challenging economic environment.
Tilly's Inc. reported a decrease in net sales by 15.2% to $123.6 million for the first quarter of fiscal 2023, with a comparable net sales decrease of 17.5%. The company experienced a net loss of $(12.0) million, or $(0.40) per share, compared to a net income of $0.8 million, or $0.03 per diluted share, in the same quarter last year. The decline was attributed to the impact of inflation and potential recessionary concerns affecting their customer demographic.
- Total net sales decreased by 15.2% to $123.6 million, with comparable net sales down by 17.5%.
- Net sales from physical stores decreased by 16.7% to $97.8 million, while e-commerce sales decreased by 8.7% to $25.8 million.
- Gross profit decreased to $25.9 million, or 21.0% of net sales, compared to $43.8 million, or 30.1% of net sales, in the previous year.
- Operating loss was $(17.3) million, compared to an operating income of $1.1 million in the same quarter last year.
Headline financials
Revenue & EPS history
Tillys · Revenue · Quarterly
$124M
Revenue by segment
Tillys · $124M total across 2 segments · Q1 2023
- Physical stores$97.8M-16.8%79.1%
- E-commerce$25.8M-8.8%20.9%
Forward guidance
The Company estimates that its fiscal 2023 second quarter net sales will be in the range of approximately $148 million to $158 million, translating to an estimated comparable net sales decrease of approximately 10% to 15% for the second quarter of fiscal 2023 compared to last year.
Tailwinds
- Net sales are expected to be between $148 million and $158 million.
- The company expects to have 248 stores open at the end of the second quarter, a net increase of six stores from the end of last year's second quarter.
- Estimated income tax rate to be approximately 26%.
- The company is managing costs effectively.
- Company is expanding store count.
Headwinds
- Comparable net sales are expected to decrease by approximately 10% to 15%.
- SG&A expenses for the second quarter of fiscal 2023 to be in the range of approximately $49 million to $50 million.
- Pre-tax loss to be in the range of approximately $(5) million to $(11) million.
- Loss per share for the second quarter of fiscal 2023 to be in the range of $(0.13) to $(0.27).
- Economic uncertainty impacting customer spending.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
+2.0%
Avg return
Earnings day
+4.0%
Avg return
5 days after
+5.4%
Avg return
30 days after
53%
31 / 58 earnings
Positive
+50.3%
Q4 2025
Best reaction
-24.3%
Q1 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +16.9% | +19.4% | — | |
| Q4 2025 | +50.3% | +77.3% | +209.8% | |
| Q3 2025 | -4.6% | +8.9% | +12.2% | |
| Q2 2025 | +3.5% | -0.5% | -2.0% | |
| Q1 2025 | +11.3% | -1.5% | +33.1% | |
| Q4 2024 | -20.0% | -26.7% | -39.7% | |
| Q3 2024 | -6.4% | -17.5% | +0.9% | |
| Q2 2024 | -8.1% | +0.6% | -5.9% | |
| Q1 2024 | -1.7% | -10.8% | -2.6% | |
| Q4 2023 | -5.3% | -8.1% | -20.2% | |
| Q3 2023 | -5.7% | -8.2% | -12.8% | |
| Q2 2023 | -0.3% | -5.1% | -7.1% | |
| Q1 2023 | -17.3% | -19.4% | -10.1% | |
| Q4 2022 | -9.9% | -11.8% | -10.3% | |
| Q3 2022 | +4.0% | +0.5% | -4.7% | |
| Q2 2022 | -9.1% | -7.7% | -7.7% | |
| Q1 2022 | -1.3% | -6.7% | -13.7% | |
| Q4 2021 | -23.5% | -20.2% | -24.8% | |
| Q3 2021 | +14.7% | +12.5% | +13.1% | |
| Q2 2021 | -6.5% | -3.7% | -8.7% | |
| Q1 2021 | +7.1% | +13.0% | +12.4% | |
| Q4 2020 | +11.9% | +7.1% | +5.1% | |
| Q3 2020 | -5.5% | -2.8% | -7.1% | |
| Q2 2020 | +10.4% | +12.2% | -6.3% | |
| Q1 2020 | +1.5% | +14.2% | -10.7% | |
| Q4 2019 | +9.2% | -12.8% | +10.1% | |
| Q3 2019 | +20.2% | +28.0% | +24.3% | |
| Q2 2019 | +28.9% | +26.7% | +12.2% | |
| Q1 2019 | -19.0% | -23.0% | -25.7% | |
| Q4 2018 | -2.7% | -2.8% | -6.1% | |
| Q3 2018 | -19.5% | -22.6% | -28.3% | |
| Q2 2018 | +16.0% | +32.2% | +6.5% | |
| Q1 2018 | +15.8% | +23.1% | +27.5% | |
| Q4 2017 | -13.0% | -12.9% | -11.4% | |
| Q3 2017 | +24.3% | +16.7% | +11.2% | |
| Q2 2017 | +8.3% | +21.8% | +31.3% | |
| Q1 2017 | +10.8% | +16.7% | +10.9% | |
| Q4 2016 | -12.6% | -11.8% | -14.2% | |
| Q3 2016 | +35.9% | +33.6% | +28.1% | |
| Q2 2016 | +13.2% | +29.3% | +44.5% | |
| Q1 2016 | +6.6% | +8.1% | +1.6% | |
| Q4 2015 | -13.4% | — | — | |
| Q3 2015 | +1.0% | — | — | |
| Q2 2015 | +7.1% | — | — | |
| Q1 2015 | -24.3% | — | — | |
| Q4 2014 | +18.3% | — | — | |
| Q3 2014 | +21.8% | — | — | |
| Q2 2014 | -3.0% | — | — | |
| Q1 2014 | -17.4% | — | — | |
| Q4 2013 | +2.1% | — | — | |
| Q3 2013 | -21.2% | — | — | |
| Q2 2013 | +12.4% | — | — | |
| Q1 2013 | +3.2% | — | — | |
| Q4 2011 | +1.8% | — | — | |
| Q1 2012 | +1.8% | — | — | |
| Q4 2012 | -5.3% | — | — | |
| Q3 2012 | -13.4% | — | — | |
| Q2 2012 | +14.5% | — | — | |
| Q2 2011 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2011 | — | — | — |
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