NYSE$TLYS
Tillys Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported better-than-expected Q3 2022 performance with reduced inventory per square foot, but November comparable net sales were weaker than expected.
Tilly's Inc. announced its Q3 2022 financial results, revealing total net sales of $177.8 million, a 13.7% decrease compared to the previous year. Despite a challenging environment, the company's performance exceeded expectations, and they are implementing strategies for improved fiscal 2023 performance.
- Total net sales decreased by 13.7% to $177.8 million compared to last year.
- Comparable net sales, including physical stores and e-commerce, decreased by 14.9%.
- Gross profit was $54.6 million, or 30.7% of net sales, compared to $76.7 million, or 37.2% of net sales, last year.
- Net income was $5.1 million, or $0.17 per diluted share, compared to $20.8 million, or $0.66 per diluted share, last year.
Headline financials
Revenue & EPS history
Tillys · Revenue · Quarterly
$178M
Revenue by segment
Tillys · $178M total across 2 segments · Q3 2022
- Physical stores$142M-14.4%79.6%
- E-commerce$36.3M-11.0%20.4%
Forward guidance
The Company estimates Q4 2022 net sales to be in the range of approximately $183 million to $188 million and earnings per diluted share to be in the range of $0.02 to $0.06.
Tailwinds
- Fourth quarter sales performance will revert to a more traditional holiday cadence, including being the largest sales quarter of the year
Headwinds
- Total comparable net sales through November 29, 2022, including both physical stores and e-com, decreased by 18.5% relative to the comparable period last year.
- For Thanksgiving weekend, Thursday through Cyber Monday, total comparable net sales decreased by 13.4% compared to last year.
- The current business environment remains subject to many unpredictable risks and uncertainties including with respect to, among others, the current inflationary environment, continuing supply chain difficulties, labor challenges, the COVID-19 pandemic, geopolitical concerns, and how consumer behavior may change relative to any of these factors as well as last year's historical anomalies of pent-up demand coming out of pandemic-related restrictions and federal stimulus payments.
- The Company's estimates concerning its projected business performance may change at any time and there can be no guarantee that the Company's current estimates will be accurate.
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 Q3 2022
+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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