Published on 19 Oct 2022 on Zacks · via Yahoo Finance

Tilly's (TLYS) to Report Q3 Earnings: What's in the Cards?

Tilly’s, Inc. TLYS is likely to register a top- and bottom-line decrease from the respective year-ago fiscal quarter’s tallies when it reports third-quarter fiscal 2022 numbers on Dec 1, after the closing bell. The Zacks Consensus Estimate for quarterly revenues is pegged at $166.5 million, indicating a decline of 19.2% from the prior-year quarter’s reported figure.The Zacks Consensus Estimate for the quarterly earnings currently stands at 8 cents a share for the fiscal third quarter, suggesting a decrease from 66 cents reported in the year-earlier fiscal quarter. The consensus mark has been stable in the past 30 days.This specialty retailer of apparel, footwear and accessories boasts a trailing four-quarter earnings surprise of 18.5%, on average.

Key Aspects to Note

Tilly’s third-quarter results might have been hurt by the impacts of operating in a tough environment comprising inflationary pressures, evolving customer spending behaviors and ongoing supply-chain cost pressures. These along with any deleverage in selling and administrative expenses and other costs might hurt its overall results in the quarter under review.On its last earnings call, management had forecast some deceleration in the latter half of the fiscal third quarter. It projected total net sales in the bracket of roughly $165-$170 million for the quarter under review. Further, TLYS anticipated SG&A expenses of $46-$47 million, an operating income of $1.9-$4.6 million and earnings per share of 5-11 cents. Tilly’s recorded net sales of $206.1 million and earnings of 66 cents a share in the third quarter of fiscal 2021.