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    Tilly's, Inc. Reports Fiscal 2023 Fourth Quarter Operating Results

    3/14/24 4:05:00 PM ET
    $TLYS
    Clothing/Shoe/Accessory Stores
    Consumer Discretionary
    Get the next $TLYS alert in real time by email

    GAAP Loss Per Share of $(0.69); Non-GAAP Loss Per Share of $(0.17)

    Non-GAAP Net Loss Beats Prior Outlook

    Tilly's, Inc. (NYSE:TLYS, the ", Company", ))) today announced financial results for the fourth quarter of fiscal 2023 ended February 3, 2024.

    "Our business currently faces many headwinds from the macro environment. Despite these headwinds, we are challenging ourselves to improve our business performance by carefully reconsidering everything we do," commented Hezy Shaked, Co-Founder and Interim President and Chief Executive Officer. "We see opportunities for improvement, but we expect it may take some time to see the benefits from our efforts in this environment."

    Operating Results Overview

    Fiscal 2023 Fourth Quarter Operating Results Overview

    The following comparisons refer to the Company's operating results for the fourth quarter of fiscal 2023 (14 weeks) ended February 3, 2024 versus the fourth quarter of fiscal 2022 (13 weeks) ended January 28, 2023.

    • Total net sales were $173.0 million, a decrease of $7.3 million or 4.1%, compared to $180.4 million last year. Total comparable net sales, including both physical stores and e-commerce ("e-com"), decreased by 8.8%. The extra week in this year's fourth quarter accounted for $5.7 million in total net sales.
      • Net sales from physical stores were $125.6 million, a decrease of $9.5 million or 7.0%, compared to $135.0 million last year, with a comparable store net sales decrease of 11.8%. Net sales from physical stores represented 72.6% of total net sales this year compared to 74.9% of total net sales last year. The Company ended the fourth quarter with 248 total stores compared to 249 total stores at the end of the fourth quarter last year.
      • Net sales from e-com were $47.4 million, an increase of $2.1 million or 4.7%, compared to $45.3 million last year. E-com net sales represented 27.4% of total net sales this year compared to 25.1% of total net sales last year.
    • Gross profit, including buying, distribution, and occupancy costs, was $46.7 million, or 27.0% of net sales, compared to $52.4 million, or 29.0% of net sales, last year. Product margins declined by 140 basis points primarily due to increased markdowns. Buying, distribution, and occupancy ("BDO") costs deleveraged by 70 basis points collectively, despite being $0.5 million lower than last year, primarily due to carrying these costs against a lower level of net sales this year.
    • Selling, general and administrative ("SG&A") expenses were $55.2 million, or 31.9% of net sales, compared to $53.8 million, or 29.8% of net sales, last year. The increase in SG&A was primarily due to the extra week in this year's fourth quarter, which added an estimated $2.6 million to SG&A expenses.
    • Operating loss was $(8.5) million, or (4.9)% of net sales, compared to $(1.4) million, or (0.8)% of net sales, last year, due to the combined impact of the factors noted above.
    • Other income was $1.6 million compared to $1.1 million last year, primarily attributable to earning significantly higher rates of return on our marketable securities compared to last year.
    • Income tax expense, which includes a non-cash deferred tax asset valuation allowance of $15.4 million, was $13.6 million or 195.9% of pre-tax loss, compared to an income tax benefit of $(0.2) million, or 61.7% of pre-tax loss last year. On a non-GAAP basis, excluding the impact of the valuation allowance, income tax benefit was $(1.8) million, or 25.8% of pre-tax loss. This quarter's non-GAAP effective income tax rate was primarily attributable to a decrease in pre-tax income and discrete income tax items associated with stock-based compensation. Last year's income tax benefit was primarily attributable to certain allowable deductions and tax credits.
    • Net loss, including the non-cash valuation allowance charge noted above, was $(20.6) million, or $(0.69) loss per share, compared to $(0.1) million, or $(0.00) loss per share, last year. On a non-GAAP basis, excluding the impact of the valuation allowance, this year's net loss was $(5.2) million, or $(0.17) loss per share. Weighted average shares were 29.9 million this year compared to 29.8 million shares last year.

    Fiscal 2023 Full Year Operating Results Overview

    The following comparisons refer to the Company's operating results for fiscal 2023 (53 weeks) ended February 3, 2024 versus fiscal 2022 (52 weeks) ended January 28, 2023.

    • Total net sales were $623.1 million, a decrease of $49.2 million or 7.3%, compared to $672.3 million last year. Total comparable net sales, including both physical stores and e-com, decreased by 10.6%. The extra week in fiscal 2023 accounted for $5.7 million in total net sales.
      • Net sales from physical stores were $485.6 million, a decrease of $45.5 million or 8.6%, compared to $531.1 million last year, with a comparable store net sales decrease of 12.2%. Net sales from physical stores represented 77.9% of total net sales compared to 79.0% of total net sales last year.
      • Net sales from e-com were $137.5 million, a decrease of $3.7 million or 2.6%, compared to $141.1 million last year. E-com net sales represented 22.1% of total net sales compared to 21.0% of total net sales last year.
    • Gross profit, including buying, distribution, and occupancy costs, was $165.7 million, or 26.6% of net sales, compared to $202.7 million, or 30.2% of net sales, last year. BDO costs deleveraged by 210 basis points collectively, primarily due to carrying these costs against a lower level of net sales this year. BDO costs increased by $1.8 million collectively, predominantly due to increased occupancy costs, partially offset by a decrease in distribution costs resulting primarily from reduced freight costs. Product margins declined by 150 basis points primarily due to increased markdowns.
    • SG&A expenses were $196.6 million, or 31.6% of net sales, compared to $191.6 million, or 28.5% of net sales, last year. The $5.1 million increase in SG&A was primarily attributable to non-cash store asset impairment charges of $3.4 million and the impact of the extra week in fiscal 2023 which added an estimated $2.6 million to SG&A expenses.
    • Operating loss was $(31.0) million, or (5.0)% of net sales, compared to operating income of $11.2 million, or 1.7% of net sales, last year, due to the combined impact of the factors noted above.
    • Other income was $5.2 million compared to $2.0 million last year, primarily due to earning significantly higher rates of return on our marketable securities compared to last year.
    • Income tax expense, including the previously noted non-cash deferred tax asset valuation allowance of $15.4 million, was $8.7 million, or 33.8% of pre-tax loss, compared to $3.5 million, or 26.5% of pre-tax income, last year. On a non-GAAP basis, excluding the valuation allowance, income tax benefit was $(6.7) million, or 25.9% of pre-tax loss.
    • Net loss, including the non-cash valuation allowance charge noted above, was $(34.5) million, or $(1.16) loss per share, compared to net income of $9.7 million, or $0.32 income per diluted share, last year. On a non-GAAP basis, excluding the impact of the valuation allowance, this year's net loss was $(19.1) million, or $(0.64) loss per share. Weighted average shares were 29.8 million this year compared to 30.3 million diluted shares last year.

    Non-GAAP Financial Measures

    In addition to reporting financial measures in accordance with generally accepted accounting principles ("GAAP"), the Company is providing certain non-GAAP financial measures including "non-GAAP income tax (benefit) expense," "non-GAAP net (loss) income," and "non-GAAP (loss) earnings per share." These amounts are not in accordance with, and should not be construed as an alternative to, the most directly comparable corresponding GAAP measure. The Company's management believes that these measures help provide investors with insight into the underlying comparable financial results, excluding items that may not be indicative of, or are unrelated to, the Company's core day-to-day operating results.

    For a description of these non-GAAP financial measures and reconciliations of these non-GAAP financial measures to the most directly comparable corresponding financial measures prepared in accordance with GAAP, please see the accompanying table titled "Supplemental Financial Information; Reconciliation of Select GAAP Financial Measures to Non-GAAP Financial Measures" contained in this press release.

    Balance Sheet and Liquidity

    As of February 3, 2024, the Company had $95.0 million of cash, cash equivalents and marketable securities and no debt outstanding compared to $113.3 million and no debt outstanding as of January 28, 2023. Total inventories at cost increased 2.6% per square foot as of February 3, 2024 compared to January 28, 2023. On a comparable date basis, total inventories as of February 3, 2024 decreased 9.6% per square foot versus February 4, 2023 due to timing of product receipts.

    Total year-to-date capital expenditures at the end of the fourth quarter were $14.0 million this year compared to $15.1 million last year.

    Fiscal 2024 First Quarter Outlook

    Total comparable net sales through March 12, 2024, decreased by (13.4)% relative to the comparable period last year. Based on current quarter-to-date comparable net sales results and current and historical trends, the Company currently estimates that its fiscal 2024 first quarter net sales will be in the range of approximately $109 million to $119 million, translating to an estimated comparable net sales decrease in the range of approximately (14)% to (7)%, respectively, compared to last year. The Company currently estimates its SG&A expenses for the first quarter of fiscal 2024 to be approximately $42 million to $43 million, pre-tax loss to be in the range of approximately $(17) million to $(22) million, and estimated income tax rate to be approximately 27%. The Company currently expects its loss per share for the first quarter of fiscal 2024 to be in the range of $(0.42) to $(0.54) based on estimated weighted average shares of approximately 29.9 million. The Company currently expects to have 247 stores open at the end of the first quarter of fiscal 2024 compared to 248 at the end of last year's first quarter.

    Fiscal 2024 New Store and Capital Expenditure Plans

    The Company currently expects its total capital expenditures for fiscal 2024 not to exceed $15 million, primarily for the construction of 5 new stores and continued upgrades to certain distribution and information technology systems.

    Conference Call Information

    A conference call to discuss these financial results is scheduled for today, March 14, 2024, at 4:30 p.m. ET (1:30 p.m. PT). Investors and analysts interested in participating in the call are invited to dial (877) 300-8521 (domestic) or (412) 317-6026 (international). The conference call will also be available to interested parties through a live webcast at www.tillys.com. Please visit the website and select the "Investor Relations" link at least 15 minutes prior to the start of the call to register and download any necessary software. A telephone replay of the call will be available until March 21, 2024, by dialing (844) 512-2921 (domestic) or (412) 317-6671 (international) and entering the conference identification number: 10186382.

    About Tillys

    Tillys is a leading, destination specialty retailer of casual apparel, footwear, accessories and hardgoods for young men, young women, boys and girls with an extensive selection of iconic global, emerging, and proprietary brands rooted in an active, outdoor and social lifestyle. Tillys is headquartered in Irvine, California and currently operates 248 total stores across 33 states, as well as its website, www.tillys.com.

    Forward-Looking Statements

    Certain statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, statements regarding our current operating expectations in light of historical results, the impacts of inflation and potential recession on us and our customers, including on our future financial condition or operating results, expectations regarding customer traffic, our supply chain, our ability to properly manage our inventory levels, and any other statements about our future cash position, financial flexibility, expectations, plans, intentions, beliefs or prospects expressed by management are forward-looking statements. These forward-looking statements are based on management's current expectations and beliefs, but they involve a number of risks and uncertainties that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including, but not limited to the impact of inflation on consumer behavior and our business and operations, supply chain difficulties, and our ability to respond thereto, our ability to respond to changing customer preferences and trends, attract customer traffic at our stores and online, execute our growth and long-term strategies, expand into new markets, grow our e-commerce business, effectively manage our inventory and costs, effectively compete with other retailers, attract talented employees, or enhance awareness of our brand and brand image, general consumer spending patterns and levels, including changes in historical spending patterns, the markets generally, our ability to satisfy our financial obligations, including under our credit facility and our leases, and other factors that are detailed in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission ("SEC"), including those detailed in the section titled "Risk Factors" and in our other filings with the SEC, which are available on the SEC's website at www.sec.gov and on our website at www.tillys.com under the heading "Investor Relations". Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We do not undertake any obligation to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise. This release should be read in conjunction with our financial statements and notes thereto contained in our Form 10-K.

    Tilly's, Inc.

    Consolidated Balance Sheets

    (In thousands, except par value)

    (unaudited)

     

     

    February 3,

    2024

     

    January 28,

    2023

    ASSETS

     

     

     

    Current assets:

     

     

     

    Cash and cash equivalents

    $

    47,027

     

     

    $

    73,526

    Marketable securities

     

    48,021

     

     

     

    39,753

    Receivables

     

    5,947

     

     

     

    9,240

    Merchandise inventories

     

    63,159

     

     

     

    62,117

    Prepaid expenses and other current assets

     

    11,905

     

     

     

    17,762

    Total current assets

     

    176,059

     

     

     

    202,398

    Operating lease assets

     

    203,825

     

     

     

    212,845

    Property and equipment, net

     

    48,063

     

     

     

    50,635

    Deferred tax assets, net

     

    —

     

     

     

    8,497

    Other assets

     

    1,598

     

     

     

    1,377

    TOTAL ASSETS

    $

    429,545

     

     

    $

    475,752

     

     

     

     

    LIABILITIES AND STOCKHOLDERS' EQUITY

     

     

     

    Current liabilities:

     

     

     

    Accounts payable

    $

    14,506

     

     

    $

    15,956

    Accrued expenses

     

    13,063

     

     

     

    15,889

    Deferred revenue

     

    14,957

     

     

     

    16,103

    Accrued compensation and benefits

     

    9,902

     

     

     

    8,183

    Current portion of operating lease liabilities

     

    48,672

     

     

     

    48,864

    Current portion of operating lease liabilities, related party

     

    3,121

     

     

     

    2,839

    Other liabilities

     

    336

     

     

     

    470

    Total current liabilities

     

    104,557

     

     

     

    108,304

    Long-term liabilities:

     

     

     

    Noncurrent portion of operating lease liabilities

     

    160,531

     

     

     

    167,913

    Noncurrent portion of operating lease liabilities, related party

     

    19,267

     

     

     

    22,388

    Other liabilities

     

    321

     

     

     

    349

    Total long-term liabilities

     

    180,119

     

     

     

    190,650

    Total liabilities

     

    284,676

     

     

     

    298,954

    Stockholders' equity:

     

     

     

    Common stock (Class A)

     

    23

     

     

     

    23

    Common stock (Class B)

     

    7

     

     

     

    7

    Preferred stock

     

    —

     

     

     

    —

    Additional paid-in capital

     

    172,478

     

     

     

    170,033

    (Accumulated deficit) retained earnings

     

    (27,962

    )

     

     

    6,530

    Accumulated other comprehensive income

     

    323

     

     

     

    205

    Total stockholders' equity

     

    144,869

     

     

     

    176,798

    TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

    $

    429,545

     

     

    $

    475,752

    Tilly's, Inc.

    Consolidated Statements of Operations

    (In thousands, except per share data)

    (unaudited)

     

     

     

     

     

     

     

     

     

     

     

     

    Fourteen

    Weeks

    Ended

     

    Thirteen

    Weeks

    Ended

     

    Fifty-Three

    Weeks

    Ended

     

    Fifty-Two

    Weeks

    Ended

     

     

    February 3,

    2024

     

    January 28,

    2023

     

    February 3,

    2024

     

    January 28,

    2023

    Net sales

    $

    173,020

     

     

    $

    180,350

     

     

    $

    623,083

     

     

    $

    672,280

     

     

     

     

     

     

     

     

    Cost of goods sold (includes buying, distribution, and occupancy costs)

     

    125,405

     

     

     

    127,046

     

     

     

    453,702

     

     

     

    465,916

    Rent expense, related party

     

    931

     

     

     

    936

     

     

     

    3,724

     

     

     

    3,616

    Total cost of goods sold (includes buying, distribution, and occupancy costs)

     

    126,336

     

     

     

    127,982

     

     

     

    457,426

     

     

     

    469,532

    Gross profit

     

    46,684

     

     

     

    52,368

     

     

     

    165,657

     

     

     

    202,748

     

     

     

     

     

     

     

     

    Selling, general and administrative expenses

     

    55,071

     

     

     

    53,623

     

     

     

    196,106

     

     

     

    191,028

    Rent expense, related party

     

    133

     

     

     

    133

     

     

     

    533

     

     

     

    533

    Total selling, general and administrative expenses

     

    55,204

     

     

     

    53,756

     

     

     

    196,639

     

     

     

    191,561

     

     

     

     

     

     

     

     

    Operating (loss) income

     

    (8,520

    )

     

     

    (1,388

    )

     

     

    (30,982

    )

     

     

    11,187

    Other income, net

     

    1,574

     

     

     

    1,118

     

     

     

    5,199

     

     

     

    1,980

    (Loss) income before income taxes

     

    (6,946

    )

     

     

    (270

    )

     

     

    (25,783

    )

     

     

    13,167

    Income tax expense (benefit)

     

    13,606

     

     

     

    (166

    )

     

     

    8,709

     

     

     

    3,490

    Net (loss) income

    $

    (20,552

    )

     

    $

    (104

    )

     

    $

    (34,492

    )

     

    $

    9,677

    Basic (loss) earnings per share of Class A and Class B common stock

    $

    (0.69

    )

     

    $

    (0.00

    )

     

    $

    (1.16

    )

     

    $

    0.32

    Diluted (loss) earnings per share of Class A and Class B common stock

    $

    (0.69

    )

     

    $

    (0.00

    )

     

    $

    (1.16

    )

     

    $

    0.32

    Weighted average basic shares outstanding

     

    29,889

     

     

     

    29,785

     

     

     

    29,848

     

     

     

    30,115

    Weighted average diluted shares outstanding

     

    29,889

     

     

     

    29,785

     

     

     

    29,848

     

     

     

    30,323

    Tilly's, Inc.

    Consolidated Statements of Cash Flows

    (In thousands)

    (unaudited)

     

     

    Fiscal Year Ended

     

     

    February 3,

    2024

     

    January 28,

    2023

    Cash flows from operating activities

     

     

     

    Net (loss) income

    $

    (34,492

    )

     

    $

    9,677

     

    Adjustments to reconcile net (loss) income to net cash used in operating activities:

     

     

     

    Depreciation and amortization

     

    12,834

     

     

     

    14,134

     

    Insurance proceeds from casualty loss

     

    —

     

     

     

    23

     

    Stock-based compensation expense

     

    2,218

     

     

     

    2,267

     

    Impairment of assets

     

    3,431

     

     

     

    17

     

    Loss on disposal of assets

     

    38

     

     

     

    92

     

    Gain on maturities of marketable securities

     

    (1,966

    )

     

     

    (466

    )

    Deferred income taxes

     

    8,497

     

     

     

    2,949

     

    Changes in operating assets and liabilities:

     

     

     

    Receivables

     

    5,563

     

     

     

    1,710

     

    Merchandise inventories

     

    (1,042

    )

     

     

    3,505

     

    Prepaid expenses and other assets

     

    5,561

     

     

     

    (1,487

    )

    Accounts payable

     

    (1,474

    )

     

     

    (12,194

    )

    Accrued expenses

     

    (596

    )

     

     

    (5,396

    )

    Accrued compensation and benefits

     

    1,719

     

     

     

    (8,873

    )

    Operating lease liabilities

     

    (5,323

    )

     

     

    (5,231

    )

    Deferred revenue

     

    (1,146

    )

     

     

    (993

    )

    Other liabilities

     

    (555

    )

     

     

    (1,149

    )

    Net cash used in operating activities

     

    (6,733

    )

     

     

    (1,415

    )

     

     

     

     

    Cash flows from investing activities

     

     

     

    Purchases of marketable securities

     

    (121,045

    )

     

     

    (89,349

    )

    Purchases of property and equipment

     

    (13,958

    )

     

     

    (15,123

    )

    Proceeds from maturities of marketable securities

     

    115,000

     

     

     

    147,271

     

    Proceeds from sale of property and equipment

     

    10

     

     

     

    6

     

    Net cash (used in) provided by investing activities

     

    (19,993

    )

     

     

    42,805

     

     

     

     

     

    Cash flows from financing activities

     

     

     

    Proceeds from exercise of stock options

     

    400

     

     

     

    176

     

    Taxes paid on short-swing profits disgorgement payment

     

    (173

    )

     

     

    —

     

    Short swing profits disgorgement payment

     

    —

     

     

     

    661

     

    Share repurchases related to share repurchase program

     

    —

     

     

     

    (10,902

    )

    Net cash provided by (used in) financing activities

     

    227

     

     

     

    (10,065

    )

     

     

     

     

    Change in cash and cash equivalents

     

    (26,499

    )

     

     

    31,325

     

    Cash and cash equivalents, beginning of period

     

    73,526

     

     

     

    42,201

     

    Cash and cash equivalents, end of period

    $

    47,027

     

     

    $

    73,526

     

    Tilly's, Inc.

    Supplemental Financial Information

    Reconciliation of Select GAAP Financial Measures to Non-GAAP Financial Measures

    (In thousands)

    (unaudited)

    Definitions of certain non-GAAP financial measures included in the tables below are as follows:

    • We define "non-GAAP income tax (benefit) expense" as income tax expense (benefit) less non-cash valuation allowance on deferred tax assets.

     

    Fourteen

    Weeks

    Ended

     

    Thirteen

    Weeks

    Ended

     

    Fifty-Three

    Weeks

    Ended

     

    Fifty-Two

    Weeks

    Ended

     

    February 3,

    2024

     

    January 28,

    2023

     

    February 3,

    2024

     

    January 28,

    2023

    Income tax expense (benefit)

    $

    13,606

     

     

    $

    (166

    )

     

    $

    8,709

     

     

    $

    3,490

    Non-cash valuation allowance on deferred tax assets

     

    (15,395

    )

     

     

    —

     

     

     

    (15,395

    )

     

     

    —

    Non-GAAP income tax (benefit) expense

    $

    (1,789

    )

     

    $

    (166

    )

     

    $

    (6,686

    )

     

    $

    3,490

    • We define "non-GAAP net (loss) income" as net (loss) income less non-cash valuation allowance on deferred tax assets.
    • We define "non-GAAP basic (loss) earnings per share" and "non-GAAP diluted (loss) earnings per share" as non-GAAP net (loss) income divided by the applicable weighted average shares outstanding.

     

    Fourteen

    Weeks

    Ended

     

    Thirteen

    Weeks

    Ended

     

    Fifty-Three

    Weeks

    Ended

     

    Fifty-Two

    Weeks

    Ended

     

    February 3,

    2024

     

    January 28,

    2023

     

    February 3,

    2024

     

    January 28,

    2023

    Net (loss) income

    $

    (20,552

    )

     

    $

    (104

    )

     

    $

    (34,492

    )

     

    $

    9,677

    Non-cash valuation allowance on deferred tax assets

     

    (15,395

    )

     

     

    —

     

     

     

    (15,395

    )

     

     

    —

    Non-GAAP net (loss) income

    $

    (5,157

    )

     

    $

    (104

    )

     

    $

    (19,097

    )

     

    $

    9,677

     

     

     

     

     

     

     

     

    Basic (loss) earnings per share of Class A and Class B common stock

    $

    (0.69

    )

     

    $

    (0.00

    )

     

    $

    (1.16

    )

     

    $

    0.32

    Diluted (loss) earnings per share of Class A and Class B common stock

    $

    (0.69

    )

     

    $

    (0.00

    )

     

    $

    (1.16

    )

     

    $

    0.32

    Non-GAAP basic (loss) earnings per share of Class A and Class B common stock

    $

    (0.17

    )

     

    $

    (0.00

    )

     

    $

    (0.64

    )

     

    $

    0.32

    Non-GAAP diluted (loss) earnings per share of Class A and Class B common stock

    $

    (0.17

    )

     

    $

    (0.00

    )

     

    $

    (0.64

    )

     

    $

    0.32

    Weighted average basic shares outstanding used to compute GAAP and non-GAAP basic (loss) earnings per share

     

    29,889

     

     

     

    29,785

     

     

     

    29,848

     

     

     

    30,115

    Weighted average diluted shares outstanding used to compute GAAP and non-GAAP diluted (loss) earnings per share

     

    29,889

     

     

     

    29,785

     

     

     

    29,848

     

     

     

    30,323

    Tilly's, Inc.

    Store Count and Square Footage

     

     

     

     

     

     

     

     

     

     

     

     

     

    Store

    Count at

    Beginning of

    Quarter

     

    New Stores

    Opened

    During Quarter

     

    Stores

    Permanently

    Closed

    During Quarter

     

    Store Count at

    End of Quarter

     

    Total Gross

    Square Footage

    End of Quarter

    (in thousands)

    2023 Q1

    249

     

    1

     

    2

     

    248

     

    1,809

    2023 Q2

    248

     

    —

     

    2

     

    246

     

    1,792

    2023 Q3

    246

     

    3

     

    —

     

    249

     

    1,810

    2023 Q4

    249

     

    3

     

    4

     

    248

     

    1,801

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20240314367760/en/

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