Tilly's Sees Q3 EPS $(0.39)-$(0.29) Vs $(0.10) Est.; Revenue $140M-$146M Vs $146.68M Est., Currently Expects To Have 246 Total Stores Open At The End Of Q3 2024
Portfolio Pulse from Benzinga Newsdesk
Tilly's has revised its Q3 fiscal 2024 outlook, projecting a net loss per share between $(0.39) and $(0.29), below the estimated $(0.10). Revenue is expected to be between $140M and $146M, slightly below the $146.68M estimate. The company anticipates having 246 stores open by the end of Q3 2024.
September 05, 2024 | 8:08 pm
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Tilly's has issued a revised Q3 fiscal 2024 outlook, forecasting a larger-than-expected net loss per share and lower revenue compared to estimates. The company cites a timing shift due to last year's 53rd week as a factor.
Tilly's revised guidance indicates a larger-than-expected loss and lower revenue, which is likely to negatively impact the stock price in the short term. The timing shift due to last year's 53rd week is a significant factor, but the overall outlook suggests weaker performance.
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IMPORTANCE 90
RELEVANCE 100