Brief: Tilly's Inc Announces First Quarter Operating Results

Tillys

02/06/2022 21:25

June 2 (Reuters) - Tillys Inc  TLYS.N :
    * TILLY'S, INC. ANNOUNCES FIRST QUARTER OPERATING RESULTS
    * Q1 SAME STORE SALES FELL 13 PERCENT
    * Q1 EARNINGS PER SHARE $0.03
    * SEES Q2 SALES $170 MILLION TO $175 MILLION
    * Q1 SALES $145.8 MILLION
    * SEES Q2 EARNINGS PER SHARE $0.14 TO $0.20
    * TILLYS - ENDED Q1 WITH INVENTORIES PER SQUARE FOOT UP
12.7%
RELATIVE TO END OF Q1 OF FISCAL 2021, DUE IN PART TO CONTINUING
SUPPLY CHAIN CHALLENGES
    * EXPECTS ITS INVENTORY LEVELS TO BE MORE CONSISTENT WITH
ITS
SALES PERFORMANCE BY END OF Q3
    * TILLYS - Q2 TOTAL COMPARABLE NET SALES THROUGH MAY 30
DECREASED
BY 17% RELATIVE TO COMPARABLE PERIOD OF 2021

Source text for Eikon:  ID:nBw1R6hb6a 
Further company coverage:  TLYS.N