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Article Date: March 2024
Word Count: 391

Tilly’s Red Ink Deepens for Q4 and Full Year


Net loss ballooned to $20,552,000 in the fourth quarter from a loss of $104,000 on sales that were down 4% to $173,020,000 from $180,350,000 attributed to lower traffic, with similar results across categories. The bottom line saw impacts from $3.4 million in asset impairment charges and a swing to $13.6 million in tax expense from last year’s $166,000 benefit. Blended comps were down 8.8% in the quarter as store sales dropped 7% to $125.6 million, comping down 11.8%. The store fleet tallied 248, down 1 over last year. E-commerce ticked up ... Log in to view full article.

 


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