Tilly's jumps as Q3 profit surges

Tillys

03/12/2021 17:55

** Shares of casual apparel chain  TLYS.N  rise ~14% to
$16.40, on course for best day in over a year
    ** TLYS after market on Thursday reported a near ten-fold
rise in Q3 profit, with sales jumping ~47% on increased consumer
spending around the back-to-school season  urn:newsml:reuters.com:*:nBw61Nrlha
    ** Q3 net sales were $206.1 mln, above estimates of $190.0
mln, as per three analysts polled by Refintiv IBES
    ** TLYS' Q3 EPS of 66 cents, up from 7 cents per share a
year earlier, was also above estimates
    ** TLYS says the holiday season is off to a strong start,
adding it has plenty of inventory to meet demand even amid
shipping delays and supply chain issues
    ** With Friday's moves, stock has more than doubled in value
this year

 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com;))