Fannie Mae, Freddie Mac shares tumble after conservatorship comments
IRVINE, Calif. - Tilly’s Inc. (NYSE:TLYS) reported disappointing fourth quarter results and provided weak guidance, sending shares down 6% in after-hours trading Wednesday.
The specialty retailer posted a net loss of $13.7 million, or $0.45 per share, for the quarter ended February 1, 2025, missing analyst estimates of a $0.24 per share loss. Revenue fell 14.9% year-over-year to $147.3 million, below the $159.9 million consensus forecast.
Comparable sales, including e-commerce, declined 11.2% compared to the same period last year. Gross margin contracted to 26% from 27% a year ago.
"Our fourth quarter results were a disappointment," said President and CEO Hezy Shaked. He noted the company made changes to its merchandising organization during the quarter "to attempt to change our sales trajectory going forward."
For the first quarter of fiscal 2025, Tilly’s expects revenue between $105 million and $111 million, well below analyst projections of $119.4 million. The company forecasts a net loss of $0.68 to $0.58 per share.
Management aims to stabilize and grow sales in fiscal 2025 through improved inventory efficiencies and reduced expenses compared to fiscal 2024. Tilly’s ended the fourth quarter with 240 stores, down from 248 a year earlier.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.