Tilly’s Results Slip on Calendar Shift, but E-commerce Soars
Net income declined 26% to $6,448,000 in the third quarter ended Nov. 3 from $8,757,000 last year on 4% lower revenues of $146,826,000 down from $152,824,000 with the missing week this year from the calendar shift reducing sales by about $14 million. Blended comparable sales were up 4.3% lapping a 1.5% increase last year, including +1.3% from brick-and-mortar stores and a 26.7% jump in e-commerce sales which now represent about 14% of total revenues. Footwear was the strongest department in Q3, as Tilly’s is benefitting from the fashion shift back to skate shoes. Girls’, accessories, men’s and women’s also comped ... Log in to view full article.