Tilly's set for worst day in a year after co trims holiday-quarter view

Tillys

10/01/2022 15:18

** Casual apparel retailer Tillys Inc  TLYS.N  shares fall
as much as ~10% to hit a three-week low of $14.08 in early trade
    ** Stock on course for biggest one-day percentage fall since
Dec. 2020
    ** TLYS cuts its forecast for Q4 sales and profit even as it
posts a 16.5% jump in total sales in the holiday period
 urn:newsml:reuters.com:*:nBw6NMt04a
    ** Sees net sales in the range of ~$203 mln to $205 mln in
the holiday quarter, down from its prior estimate of ~$210 mln
to $215 mln  urn:newsml:reuters.com:*:nASA02ULR
    ** Expects Q4 EPS to be between 39 cents and 42 cents
compared to its previously issued guidance of between 42 cents
and 50 cents
    ** Co says comparable net sales in its stores rose 23.2% in
the holiday period, while online sales fell ~6%
    ** In the last 12 months, TLYS stock has more than doubled
in value

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