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Article Date: December 2022
Word Count: 409

Tilly’s Revenues, Profits Drop in Q3


Net income was slashed 75% to $5,149,000 from $20,834,000 as sales fell 14% to $177,847,000 from $206,096,000, with blended comps down 14.9% as the quarter lapping the beginnings of last year’s Holiday pull forward. Brick-and-mortar sales fell 14% to $141.5 million, comping down 15.8%, with the benefit of four additional stores totaling 247 at the end of the quarter. E-commerce sales hit $36.3 million, down 11%, making up 20.4% of sales compared to 19.8% prior. All geographies and most product categories fell by double digits. Footwear was just slightly negative, however, ... Log in to view full article.

 


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