Tilly's: Fiscal 2Q Earnings Snapshot
Aug. 29, 2018
IRVINE, Calif. (AP) _ Tilly's Inc. (TLYS) on Wednesday reported fiscal second-quarter net income of $9.7 million, after reporting a loss in the same period a year earlier.
The Irvine, California-based company said it had profit of 33 cents per share. Earnings, adjusted for non-recurring gains, were 29 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.
The clothing and accessories retailer posted revenue of $157.4 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $154.7 million.
For the current quarter ending in November, Tilly's said it expects revenue in the range of $145 million to $151 million.
Tilly's shares have increased 22 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.01, a climb of 70 percent in the last 12 months.