Net income for Q1 decreased 45% to $667,000 from $1,223,000 while revenue increased 5% to $130,303,000 from $123,634,000, rebounding in April from a slow start due to poor weather and a late Easter shift to show a positive comp. Same store sales, including e-commerce, increased 2.4%, compared to a positive 0.1% in Q1 ’18. E-commerce increased 30% and represented approximately 15% of total sales, compared to a decrease of 7% and a 12% share of sales last year. Brick-and-mortar comps decreased 1.4% lapping a 1.2% increase last year. TLYS shares slid over 10% on the results.
Footwear was strongest performer with ... Log in to view full article.