Want to see TLYS full AI Analyst Report?
Top Page
Tilly's
(NYSE:TLYS)
Select Model
Select Model
Rating:49Neutral
Price Target:
$4.00
▲(6.10% Upside)
Action:Reiterated
Date:07/24/26
The score is held down primarily by weak financial quality (continued losses and a highly leveraged balance sheet) and bearish technical momentum (below key moving averages with negative MACD). Offsetting these are a notably improved cash flow trend and a stronger forward narrative from the latest earnings call, including guidance for Q2 profitability and continued comp growth, plus a modest positive corporate event (credit maturity extension).
Positive Factors
Improved cash generation
The shift to positive operating cash flow (~$12M TTM) and free cash flow (~$7.7M) creates a more durable liquidity foundation versus prior burn. This recurring cash generation can fund inventory, reduce reliance on external financing, and provide runway to execute margin and growth initiatives over the next several quarters.
Negative Factors
Elevated leverage
Debt materially exceeds equity, leaving a thin capital buffer. High leverage constrains strategic flexibility, increases refinancing and covenant risk, and amplifies downside from sales volatility. Even with improving cash flow, elevated leverage remains a structural headwind for balance‑sheet resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation
The shift to positive operating cash flow (~$12M TTM) and free cash flow (~$7.7M) creates a more durable liquidity foundation versus prior burn. This recurring cash generation can fund inventory, reduce reliance on external financing, and provide runway to execute margin and growth initiatives over the next several quarters.
Read all positive factors
Tilly's Key Performance Indicators (KPIs)
Any
Net Sales by Segment
Separates sales across business segments like retail stores, e‑commerce, and wholesale, highlighting channel mix, margin differences, and how shifts between channels affect growth and cost structure.
Separates sales across business segments like retail stores, e‑commerce, and wholesale, highlighting channel mix, margin differences, and how shifts between channels affect growth and cost structure.
Data provided by:
The Fly
The FlyTilly's (TLYS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$116.16M
Dividend YieldN/A
Average Volume (3M)204.25K
Price to Earnings (P/E)―
Beta (1Y)0.64
Revenue Growth1.69%
EPS Growth93.35%
CountryUS
Employees5,123
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Retail
Share Statistics
EPS (TTM)-0.10
Shares Outstanding23,182,312
10 Day Avg. Volume158,557
30 Day Avg. Volume204,247
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.52
Price to Sales (P/S)0.08
P/FCF Ratio-75.16
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$5.50Price Target Upside45.89% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-0.04
Revenue Forecast (FY)$568.00M
Tilly's Business Overview & Revenue Model
Company Description
Tilly's, Inc. functions as a dedicated retailer specializing in casual apparel, footwear, accessories, and hardgoods. Its primary demographic includes young men and women, as well as boys and girls throughout the United States. Their clothing sele...
How the Company Makes Money
Tilly's makes money primarily by selling merchandise (apparel, footwear, accessories, and related goods) to consumers through two main channels: (1) brick-and-mortar retail stores and (2) its e-commerce platform. Revenue is recognized from product...
Tilly's Earnings Call Summary
Earnings Call Date:Jun 03, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 27, 2026
Earnings Call Sentiment Positive
The call portrayed a clear and broad recovery: strong comparable sales (22.9%), robust e‑commerce growth (30.9%), large margin expansion (gross margin +910 bps; product margin +400 bps), meaningful reduction in losses and improved liquidity. Management acknowledged remaining work — continued net loss, store count reductions, some SKU replenishment issues, and the expectation that the exceptional margin step-up may not fully persist — but provided constructive Q2 guidance (net sales ~$154–160M, comps +6% to +10%, expected net income $3.8M–$6.0M) and reiterated confidence in returning to profitability and further store productivity gains.Positive Updates
Strong Top-Line Growth
Total net sales of $125.0M, up $17.1M or 15.9% year-over-year; comparable net sales increased 22.9% (stores and e‑commerce both >20%).
Negative Updates
Net Loss Still Present
Company remains unprofitable for the quarter with a net loss of $8.0M ($0.26 per share), albeit materially improved versus prior year.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Top-Line Growth
Total net sales of $125.0M, up $17.1M or 15.9% year-over-year; comparable net sales increased 22.9% (stores and e‑commerce both >20%).
Read all positive updates
Company Guidance
The company guided Q2 net sales of approximately $154–$160 million (comparable net sales growth of +6% to +10%), product margins flat to slightly up versus last year’s company‑record Q2 rate, SG&A of roughly $48–$49 million (excluding any noncash impairments), a near‑zero effective tax rate, and net income of about $3.8–$6.0 million (EPS $0.13–$0.20 on ~30.3 million diluted shares); it expects to end the quarter with 221 stores (net -11 stores, -4.7% YoY) and total liquidity in excess of $120 million (cash & investments ~$59–63M plus ~ $63M undrawn ABL capacity, versus $51M cash & investments and $3M undrawn last year), noted May comps of +8.3% (10th consecutive month of comp growth), and said these results would represent a 5th consecutive quarter of year‑over‑year profit improvement.Tilly's Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
38
Negative
Cash Flow
57
Neutral
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 570.69M | 553.59M | 569.45M | 623.08M | 672.28M | 775.69M |
| Gross Profit | 179.25M | 164.47M | 149.70M | 165.66M | 202.79M | 276.66M |
| EBITDA | 8.52M | -8.76M | -37.08M | -18.15M | 25.32M | 104.43M |
| Net Income | -3.25M | -17.45M | -46.23M | -34.49M | 9.68M | 64.25M |
Balance Sheet | ||||||
| Total Assets | 317.13M | 310.76M | 342.46M | 429.55M | 475.90M | 504.82M |
| Cash, Cash Equivalents and Short-Term Investments | 41.12M | 46.31M | 46.71M | 95.05M | 113.28M | 139.23M |
| Total Debt | 175.88M | 170.46M | 193.87M | 231.59M | 242.00M | 247.00M |
| Total Liabilities | 239.36M | 225.62M | 241.59M | 284.68M | 298.69M | 330.11M |
| Stockholders Equity | 77.77M | 85.14M | 100.87M | 144.87M | 177.21M | 174.71M |
Cash Flow | ||||||
| Free Cash Flow | 3.78M | -589.00K | -50.24M | -20.69M | -16.54M | 49.98M |
| Operating Cash Flow | 8.34M | 4.10M | -42.02M | -6.73M | -1.42M | 63.40M |
| Investing Cash Flow | -4.38M | 21.16M | 15.75M | -19.99M | 42.80M | -45.33M |
| Financing Cash Flow | 58.00K | 0.00 | 294.00K | 227.00K | -10.06M | -52.06M |
Tilly's Risk Analysis
Tilly's disclosed 46 risk factors in its most recent earnings report. Tilly's reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Tilly's Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $6.35B | 14.02 | 17.64% | ― | 11.23% | 8.96% | |
62 Neutral | $2.88B | 10.41 | 17.24% | 2.94% | 6.22% | 65.05% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | $331.88M | 21.62 | 4.73% | ― | 4.68% | 3252.79% | |
53 Neutral | $253.78M | -20.06 | 6.03% | ― | -10.09% | -232.12% | |
49 Neutral | $116.16M | -38.48 | -3.98% | ― | 1.69% | 93.35% | |
47 Neutral | $68.26M | 342.00 | -0.14% | ― | 1.82% | ― |
* Consumer Cyclical Sector Average
TLYS
Tilly's
4.19
2.92
229.92%
AEO
American Eagle
17.97
5.73
46.78%
CATO
The Cato
3.31
0.52
18.64%
URBN
Urban Outfitters
76.92
-0.90
-1.16%
ZUMZ
Zumiez
20.11
5.94
41.92%
CURV
Torrid Holdings
2.61
0.47
21.96%
Tilly's Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Tilly’s Extends Credit Agreement Maturity with Wells Fargo
Positive
Jun 12, 2026
On June 10, 2026, Tilly’s subsidiary World of Jeans Tops, as borrower, and Tilly’s, Inc., as guarantor, executed a second amendment to their existing credit agreement with Wells Fargo Bank, National Association. The amendment extends ...
Executive/Board ChangesShareholder Meetings
Tilly’s Shareholders Approve Directors, Equity Plan and Auditor
Neutral
Jun 11, 2026
Tilly’s stockholders held their annual meeting after a record date of April 17, 2026, with a total voting power of 96,243,392 votes from both Class A and high‑vote Class B shares. The dual‑class structure continued to give outsiz...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.