Tillys Q1 comparable sales rise on strong store and online demand

Tillys

03/06/2026 21:19

Overview
U.S. specialty apparel retailer's fiscal Q1 net sales rose 16%, with comp sales up 23%
Net loss narrowed to $8.0 mln from $22.2 mln a year earlier
Margin gains driven by improved full-price selling and lower occupancy costs

Outlook
Tillys sees Q2 net sales of $154 mln to $160 mln
Company expects Q2 comparable net sales to rise 6% to 10% year over year
Tillys projects Q2 net income of $3.8 mln to $6.0 mln, EPS $0.13 to $0.20

Result Drivers
COMPARABLE SALES GROWTH - Comp net sales rose 22.9% as both stores and e-commerce saw strong gains
PRODUCT MARGIN IMPROVEMENT - Product margins rose 400 basis points, mainly due to improved full-price selling and more current inventories
LOWER OCCUPANCY COSTS - Buying, distribution, and occupancy costs improved due to a reduced store count

Company press release: ID:nBw4mCRHXa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
 
$124.72 mln
$121.30 mln (1 Analyst)
Q1 EPS
 
-$0.26
 
Q1 Net Income
 
-$7.95 mln
 
Q1 Gross Profit
 
$36.07 mln
 
Q1 Operating Income
 
-$8.10 mln
 
Q1 Pretax Profit
 
-$7.82 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 $3.00, about 32.9% below its June 2 closing price of $4.47

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.)