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Article Date: September 2024
Word Count: 333

Tilly’s Profits Pressured by Higher Wages


Net loss narrowed to $69,000 from last year’s $1,125,000 of red ink for the second quarter on sales that were up 2% to $162,867,000 from $159,951,000, getting a boost from the calendar shift as blended comps fell 7.8%. Brick-and-mortar sales improved 2% to $132.3 million with a comp of -7.9%, while e-commerce sales grew 1% to $30.5 million. As the first major week of BTS moved into Q3, fiscal August comps increased 1%, the first positive monthly comp since Feb. ’22. However, TLYS tempered the encouragement by noting that recent third ... Log in to view full article.

 


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