Tilly's Expects Q3 Net Sales Of $166M-$171M (Est. $161.9M), Translating To An Estimated Comparable Net Sales Decrease Of 5%-8%
Portfolio Pulse from Benzinga Newsdesk
Tilly's, a US-based retail company, has projected its Q3 net sales to be between $166M and $171M, surpassing the estimated $161.9M. However, this translates to an estimated comparable net sales decrease of 5%-8%.
August 31, 2023 | 8:34 pm
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Tilly's Q3 net sales are expected to surpass estimates, but the company anticipates a comparable net sales decrease of 5%-8%.
While Tilly's Q3 net sales are expected to surpass estimates, which is positive news, the company is also anticipating a comparable net sales decrease of 5%-8%. This mixed news makes it difficult to predict the short-term impact on the stock price, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100