Tilly’s reports Q1 EPS (74c), two estimates (66c)

Reports Q1 revenue $107.6M, two estimates $108.2M. Total comparable net sales, including both physical stores and e-commerce (“e-com”), decreased by 7.0% relative to the comparable 13-week period ended May 4, 2024. “Our fiscal 2025 first quarter comparable net sales, while a decrease compared to last year’s first quarter, were a sequential improvement in trend compared to the fourth quarter of fiscal 2024. Fiscal May, to start the second quarter, produced further sequential trend improvement relative to the first quarter,” commented Hezy Shaked, President and Chief Executive Officer. “We believe our merchandise assortment is on trend, and we are encouraged by these signs that our business may be starting to stabilize. We continue to seek opportunities to accelerate progress toward improving our business.”