Tilly's reports disappointing Q4 results
Tillys shop in Florida Credits: Wikimedia Commons Specialty apparel retailer Tilly’s reported a difficult fourth quarter of 2024, marked by a decline in net sales and a net loss. However, the company anticipates improvements in business performance throughout the coming year. The company’s fourth quarter net sales of 147.3 million dollars, decreased 14.9 percent, while comparable net sales decreased by 11.2 percent. Net loss was 13.7 million dollars, or 45 cents net loss per share. For the full fiscal year 2024, Tilly’s net sales decreased by 8.6 percent, with both physical store and e-commerce sales experiencing declines. "Our fourth quarter results were a disappointment. We made a number of changes in our merchandising organization during the fourth quarter to attempt to change our sales trajectory going forward," commented CEO Hezy Shaked. "For fiscal 2025, we aim to stabilize and then grow sales with improved inventory efficiencies and reduced expenses compared to fiscal 2024, and we believe our spring assortment is on trend." Total comparable net sales for fiscal February ended March 1, 2025 decreased by 5.7 percent relative to the comparable period of last year. For the current quarter of fiscal 2025, the company forecasts net sales to be in the range of approximately 105 million dollars to 111 million dollars, with comparable net sales decreasing in the range of 8 percent to 3 percent. Pre-tax loss and net loss are expected to be in the range of approximately 20 million dollars to 17 million dollars. Per share results to be in the range of a net loss of 68 cents to 58 cents, respectively.
Specialty apparel retailer Tilly’s reported a difficult fourth quarter of 2024, marked by a decline in net sales and a net loss. However, the company anticipates improvements in business performance throughout the coming year.
The company’s fourth quarter net sales of 147.3 million dollars, decreased 14.9 percent, while comparable net sales decreased by 11.2 percent. Net loss was 13.7 million dollars, or 45 cents net loss per share.
For the full fiscal year 2024, Tilly’s net sales decreased by 8.6 percent, with both physical store and e-commerce sales experiencing declines.
"Our fourth quarter results were a disappointment. We made a number of changes in our merchandising organization during the fourth quarter to attempt to change our sales trajectory going forward," commented CEO Hezy Shaked.
"For fiscal 2025, we aim to stabilize and then grow sales with improved inventory efficiencies and reduced expenses compared to fiscal 2024, and we believe our spring assortment is on trend."
Total comparable net sales for fiscal February ended March 1, 2025 decreased by 5.7 percent relative to the comparable period of last year. For the current quarter of fiscal 2025, the company forecasts net sales to be in the range of approximately 105 million dollars to 111 million dollars, with comparable net sales decreasing in the range of 8 percent to 3 percent.
Pre-tax loss and net loss are expected to be in the range of approximately 20 million dollars to 17 million dollars. Per share results to be in the range of a net loss of 68 cents to 58 cents, respectively.
