Tillys Q2 sales rise on comparable growth, profit improves
TLYS•Q2 results
U.S. specialty apparel retailer Tillys said fiscal second-quarter net sales rose 8.1% year over year.
Comparable net sales increased 12.1%, marking the fourth straight quarter of year-over-year growth.
Net income improved to $8.4 million, the fifth consecutive quarter of profit improvement.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Sales | Beat | $163.51 million | $157 million (1 analyst) |
| Q2 EPS | $0.27 | ||
| Q2 Net Income | $8.38 million | ||
| Q2 Gross Profit | $58.10 million | ||
| Q2 Operating Income | $8.17 million | ||
| Q2 Pretax Profit | $8.47 million |
Outlook for Q3
Tillys sees third-quarter net sales of $150 million to $155 million and comparable sales growth of 10% to 14%.
The company expects third-quarter net income of $2.2 million to $3.7 million, or $0.07 to $0.12 per share.
Tillys expects third-quarter SG&A expenses of and product margins slightly improved.
