Tilly’s Revises Q3 Results on Accounting Error
TLYS said the correction, which was related to accounting for inventory under the retail method, resulted in a $1.1 million reduction in net income in the third quarter ended Nov. 3. The revised profit was $5,355,000 rather than $6,448,000, reflecting the after tax effect of a $2.1 million charge to cost ... Log in to view full article.
