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Article Date: September 2021
Word Count: 439

Tilly’s Profits Grow on Strong Store Comps


Net income jumped nearly fourfold to $20,398,000 in the second quarter from $5,266,000 last year on revenues of $201,952,000, up 49% from $135,845,000. Brick-and-mortar sales nearly doubled to $164.6 million on strong product offering response and lapping shutdowns when only 65% of operating hours were available in Q2 last year. Physical stores accounted for 81.5% of sales versus 61.7% in the prior year. E-commerce sales declined 28% to $37.5 million as the channel lapped triple-digit gains in May and June. Against Q2 ’19, sales grew 25% including total comps that were up 18.3% plus contributions from 15 net additional sales, ... Log in to view full article.

 


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