Tilly’s (NYSE:TLYS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3.6%.
Tilly’s Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 55.56% to $0.08 in the quarter versus EPS of $0.18 in the year-earlier quarter.
Revenue: Rose 13.03% to $109.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Tilly’s reported adjusted EPS income of $0.08 per share. By that measure, the company beat the mean analyst estimate of $0.07. It beat the average revenue estimate of $107.2 million.
Quoting Management: “Our first quarter results were better than expected as comparable store sales in March and April improved from February, driven by the depth and relevance of our merchandise offering particularly during the critical spring break and pre-Easter periods. We maintained our pricing integrity during a highly promotional environment and ended the quarter with inventory that was clean, current and well positioned for summer,” commented Daniel Griesemer, President and Chief Executive Officer. “These results reflect the strength of our business model and the diligent execution of our team that remains focused on making strategic decisions for the long-term health of our brand.”
Key Stats (on next page)…