The earnings call reflects a cautiously optimistic outlook. While there are notable achievements in profitability, product margin improvements, and social media engagement, challenges remain in terms of declining net sales, store closures, and e-commerce setbacks. The sentiment is balanced with both positive progress and significant challenges.

Company Guidance

During the Tilly's, Inc. Second Quarter 2025 Earnings Conference Call, Michael Henry provided detailed guidance for the third quarter of fiscal 2025. The company expects net sales to range from $134 million to $140 million, translating to a comparable net sales range from a 2% decrease to a 2% increase. SG&A is projected to be approximately $47 million, excluding non-cash asset impairment charges, with an expected near-zero effective income tax rate. The anticipated net loss is estimated between $10.5 million and $6.9 million, translating to a loss per share of $0.35 to $0.23, an improvement from last year's $0.43 loss per share. The company plans to conclude the quarter with 230 total stores, compared to 246 stores at the end of the previous year's third quarter, and expects to maintain a debt-free status with liquidity between $83 million and $86 million. Total liquidity will include $20 million to $25 million in cash and investments, alongside $61 million to $63 million in undrawn borrowing capacity under its credit facility.

Improved Product Margins and Reduced Inventory Levels

Product margins improved by 210 basis points due to higher initial markups and lower markdowns. Inventory levels were reduced by 14.5% compared to last year's second quarter.

First Profitable Quarter Since 2022

Reported earnings per share of $0.10, beating the earnings outlook range and marking the first profitable quarter in nearly three years.

Positive Start to Fiscal August

Total comparable net sales for fiscal August increased by 0.9%, with store sales up by 4.5%.

Debt-Free Balance Sheet

Ended the second quarter with $114 million in total liquidity and no borrowings, comprising $51 million in cash and $63 million in undrawn borrowing capacity.

Increased Social Media Presence

Quadrupled TikTok following to 169,000 followers, enhancing content creation and launching a TikTok shop.

Tilly's (TLYS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TLYS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 27, 2025	2025 (Q3)	-0.30 / -	-0.43	―	―	―
Sep 03, 2025	2025 (Q2)	-0.04 / 0.10	0	―	―
Jun 04, 2025	2025 (Q1)	-0.57 / -0.74	-0.48	-54.17% (-0.26)	―
Mar 12, 2025	2024 (Q4)	-0.28 / -0.45	-0.17	-164.71% (-0.28)	―
Dec 05, 2024	2024 (Q3)	-0.32 / -0.43	-0.03	-1333.33% (-0.40)	―
Sep 05, 2024	2024 (Q2)	-0.06 / 0.00	-0.04	―	―
Jun 06, 2024	2024 (Q1)	-0.46 / -0.48	-0.4	-20.00% (-0.08)	―
Mar 14, 2024	2023 (Q4)	-0.22 / -0.17	0.01	-1800.00% (-0.18)	―
Nov 30, 2023	2023 (Q3)	-0.07 / -0.03	0.17	-117.65% (-0.20)	―
Aug 31, 2023	2023 (Q2)	-0.20 / -0.04	0.13	-130.77% (-0.17)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TLYS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Sep 03, 2025	$2.03	$2.10	+3.45%
Jun 04, 2025	$1.30	$1.46	+12.31%
Mar 12, 2025	$3.30	$2.64	-20.00%
Dec 05, 2024	$4.38	$4.22	-3.65%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.