NYSE$TLYS

Tillys Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Tillys reported a net loss per share of $(0.69) and a non-GAAP loss per share of $(0.17) for Q4 2023, with total net sales decreasing by 4.1% compared to the previous year.

Tilly's, Inc. announced its financial results for the fourth quarter of fiscal 2023, which ended on February 3, 2024. The company experienced a decrease in total net sales by 4.1% compared to the same quarter last year. The GAAP loss per share was $(0.69), while the non-GAAP loss per share was $(0.17).

  • Total net sales decreased by 4.1% to $173.0 million compared to $180.4 million last year.
  • Comparable net sales, including both physical stores and e-commerce, decreased by 8.8%.
  • Net loss was $(20.6) million, or $(0.69) loss per share, compared to $(0.1) million, or $(0.00) loss per share, last year.
  • On a non-GAAP basis, the net loss was $(5.2) million, or $(0.17) loss per share.

Headline financials

Total Revenue

$173M

Previous: $180M-4.1%
EPS (adj)

-$0.17

Previous: $0.01-1800.0%
Gross margin

27.0%

No prior period
Capital Expenditures

-$3.42M

No prior period
Net Income

-$20.6M

Previous: $309K-6766.7%
Operating Income

-$8.52M

Previous: -$1.12M-660.0%
Gross Profit

$46.7M

Previous: $52.4M-10.9%

Revenue & EPS history

Tillys · Revenue · Quarterly

$173M

Q4 2023-4.1%vs Q4 2022
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Tillys · $166M total across 2 segments · Q3 2023

  • Physical stores
    $132M-6.4%
  • E-commerce
    $34M-6.3%

Forward guidance

The Company currently estimates that its fiscal 2024 first quarter net sales will be in the range of approximately $109 million to $119 million, translating to an estimated comparable net sales decrease in the range of approximately (14)% to (7)%, respectively, compared to last year.

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 Q4 2023

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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