Tilly's down on disappointing forecast

Tillys

02/09/2022 14:03

** Shares of casual apparel retailer Tilly's Inc  TLYS.N 
down 4.7% at $6.98 in premarket trading
    ** TLYS on Thursday forecast Q3 net sales between $165 mln
and $170 mln, compared with Refinitiv ests of $172.2 mln
    ** Co expects high inflationary environment to impact its Q3
results  urn:newsml:reuters.com:*:nBw4w6ys7a
    ** Brokerage Seaport Research Partners cuts rating to
"neutral" from "buy"
    ** "We're not overly confident that they're poised to
rebound significantly as the environment eventually improves" -
Brokerage
    ** Avg. rating of 4 analysts is "buy"; median PT is $10 -
Refinitiv data
    ** As of last close, stock fell ~55% this year
    

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))