Retailer Tillys posts rise in Q4 net sales; returns to profit

Tillys

11/03/2026 20:31

Overview

U.S. specialty apparel retailer's fiscal Q4 net sales rose 5.3% year-over-year

Company posted first profitable Q4 since fiscal 2021, with net income of $2.9 mln

Comparable store net sales grew 10.1%

Outlook

Tillys expects Q1 net sales of $119 mln to $125 mln

Company projects Q1 comparable net sales growth of 16% to 22%

Tillys expects Q1 net loss of $10.1 mln to $8.0 mln

Result Drivers

PRODUCT MARGINS - Co said gross profit margin improved due to higher initial markups and lower markdowns from operating with reduced, more current inventory

COST REDUCTIONS - Co attributed lower SG&A expenses to decreases in store payroll and benefits, as well as other smaller expense reductions

OCCUPANCY COSTS - Co said buying, distribution, and occupancy costs improved due to decreased occupancy costs from operating fewer stores

Company press release: ID:nBw4HsCFFa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Beat
$155.1 mln
$146.10 mln (1 Analyst)
Q4 Net Income
$2.9 mln
Q4 Gross Profit
$51.5 mln
Q4 Operating Income
$2.6 mln


Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the apparel & accessories retailers peer group is "buy."

Wall Street's median 12-month price target for Tillys Inc is $2.25, about 42.4% above its March 10 closing price of $1.58

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)