Published on 1 Sep 2023 on Zacks via Yahoo Finance
Tilly's (TLYS) Loss Narrows in Q2, Comparable Sales Decline Y/Y
Tilly’s, Inc. TLYS reported second-quarter fiscal 2023 results, wherein the top line beat the Zacks Consensus Estimate but declined year over year. The specialty retailer in the action sports industry selling clothing, shoes and accessories reported a narrower-than-expected loss.After a sluggish beginning to the second quarter in May 2023, Tilly's comparable sales trend improved throughout the rest of the quarter, driven by careful expense management.The company is cautiously optimistic about its business trend, considering the sequential improvement in comparable sales in August 2023. It expects the peak of the back-to-school season to start in the third quarter of fiscal 2023.
Tilly's, Inc. Price, Consensus and EPS Surprise