NYSE$TLYS
Tillys Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported a net loss per share of $(0.65) on a GAAP basis and $(0.48) on a non-GAAP basis for Q1 2024.
Tilly's reported a decrease in net sales by 6.3% to $115.9 million and a net loss of $19.6 million, or $0.65 per share for the first quarter of fiscal year 2024. The company faced headwinds from the macro environment, but made progress on improving product margins and customer engagement.
- Total net sales decreased by 6.3% to $115.9 million compared to the previous year.
- Comparable net sales, including physical stores and e-commerce, decreased by 9.4%.
- Net loss was $19.6 million, or $0.65 net loss per share, compared to $12.0 million, or $0.40 net loss per share, last year.
- As of May 4, 2024, the Company had $68.0 million of cash, cash equivalents and marketable securities and no debt outstanding.
Headline financials
Revenue & EPS history
Tillys · Revenue · Quarterly
$116M
Revenue by segment
Tillys · $166M total across 2 segments · Q3 2023
- Physical stores$132M-6.4%79.6%
- E-commerce$34M-6.3%20.4%
Forward guidance
The Company currently estimates for the second quarter of fiscal 2024: net sales to be in the range of approximately $160 million to $165 million, SG&A expenses to be in the range of $48 million to $49 million, effective income tax rate of near-zero, after-tax results to be in the range of a net loss of approximately $(3.9) million to $(0.9) million, and per share results to be in the range of a net loss of $(0.13) to $(0.03).
Tailwinds
- Net sales are expected to be in the range of $160 million to $165 million.
- SG&A expenses are anticipated to be between $48 million and $49 million in the absence of store asset impairment charges.
- The company expects to have 247 total stores open at the end of the second quarter of fiscal 2024.
- Per share results to be in the range of a net loss of $(0.13) to $(0.03).
- Comparable net sales decrease in the range of approximately (10)% to (7)%.
Headwinds
- Comparable net sales are expected to decrease by approximately (10)% to (7)%.
- An effective income tax rate of near-zero is expected due to the continuing impact of the valuation allowance.
- After-tax results are projected to be a net loss of approximately $(3.9) million to $(0.9) million.
- Company continues to face headwinds from the macro environment
- It will remain difficult to improve our sales results in the near term
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 2024
+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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