Tilly's Now Expects Q4 Net Sales Of $169M-$172M Vs Prior view $172M-$178M & Consensus $174.11M; EPS Loss Of $(0.20)-$(0.24) Vs Prior view $(0.12)-$(0.20) & Consensus $(0.16)
Portfolio Pulse from Benzinga Newsdesk
Tilly's has revised its Q4 net sales forecast to $169M-$172M, down from the previous estimate of $172M-$178M, falling short of the consensus estimate of $174.11M. The company also anticipates a larger EPS loss of $(0.20)-$(0.24), compared to the prior view of $(0.12)-$(0.20) and consensus of $(0.16). Tilly's expects to conclude fiscal 2023 with 248 stores, about $90 million in cash and marketable securities, and no debt.
January 08, 2024 | 11:48 am
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Tilly's has lowered its Q4 net sales and EPS estimates, which are now below analysts' expectations. The company will end fiscal 2023 with a strong balance sheet, featuring $90 million in cash and no debt.
The downward revision in net sales and EPS is likely to negatively impact investor sentiment in the short term, as the new figures are below both the company's previous estimates and market consensus. However, the strong balance sheet with substantial cash reserves and no debt may provide some cushion to the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100