Why Tilly's Shares Are Sliding Today
Portfolio Pulse from Shivani Kumaresan
Tilly's Inc reported a 15.2% YoY decline in Q1 FY23 sales to $123.64 million, missing analyst estimates. Total comparable net sales decreased by 17.5%, with physical store sales down 16.7% and e-commerce sales down 8.7%. The company expects Q2 sales of $148 million - $158 million, below consensus estimates.
June 02, 2023 | 4:23 pm
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NEGATIVE IMPACT
Tilly's reported a 15.2% YoY decline in Q1 FY23 sales and expects Q2 sales below consensus estimates. The company's total comparable net sales, physical store sales, and e-commerce sales all decreased.
Tilly's missed analyst estimates for Q1 FY23 sales and provided a lower-than-expected Q2 sales outlook. The decline in total comparable net sales, physical store sales, and e-commerce sales indicates a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100