Brief: Tilly’s Inc. 2022 Holiday Period Net Sales Fall 12.9%

Tillys

09/01/2023 12:35

Jan 9 (Reuters) - Tillys Inc  TLYS.N :
    * TILLY’S, INC. ANNOUNCES 2022 HOLIDAY PERIOD NET SALES,
UPDATES
FOURTH QUARTER OUTLOOK
    * TILLYS INC - TOTAL NET SALES OF $150.9 MILLION DECREASED
BY
12.9% FOR 2022 HOLIDAY PERIOD COMPARED TO $173.3 MILLION FOR
LAST YEAR
    * TILLYS INC - TOTAL COMPARABLE NET SALES, INCLUDING BOTH
PHYSICAL
STORES AND E-COMMERCE, DECREASED BY 14.4% FOR 2022 HOLIDAY
PERIOD
    * TILLYS INC - EXPECTS ITS FISCAL 2022 Q4 NET SALES TO BE IN
RANGE
OF ABOUT $178 MILLION TO $180 MILLION
    * TILLYS INC - E-COMMERCE NET SALES DECREASED BY 12.8% FOR
2022
HOLIDAY PERIOD COMPARED TO A DECREASE OF 5.7% DURING 2021
HOLIDAY PERIOD
    * TILLYS INC - EXPECTS FISCAL 2022 Q4 LOSS PER SHARE TO BE
IN
RANGE OF $0.01 TO $0.04
    * TILLYS INC - EXPECTS TO END FISCAL 2022 WITH 249 TOTAL
STORES,
TOTAL CASH AND MARKETABLE SECURITIES OF ABOUT $110 MILLION
    * TILLYS INC - EXPECTS TO END FISCAL 2022 WITH REDUCED
INVENTORY
PER SQUARE FOOT COMPARED TO END OF FISCAL 2021
    * TILLYS INC - DESPITE TOUGHER HOLIDAY SEASON THIS YEAR,
ANTICIPATE ENDING FISCAL 2022 WITH HEALTHY, DEBT-FREE BALANCE
SHEET, WELL-MANAGED INVENTORY
    * TILLYS INC - BELIEVES RESULTS WERE NEGATIVELY IMPACTED BY
THIS
YEAR'S INFLATIONARY ENVIRONMENT

Source text for Eikon:  ID:nBw95NWysa 
Further company coverage:  TLYS.N 
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