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    Tilly's, Inc. Reports Fiscal 2024 First Quarter Operating Results

    6/6/24 4:05:00 PM ET
    $TLYS
    Clothing/Shoe/Accessory Stores
    Consumer Discretionary
    Get the next $TLYS alert in real time by email

    GAAP Net Loss Per Share of $(0.65); Non-GAAP Net Loss Per Share of $(0.48)

    Non-GAAP Net Loss Per Share in Middle of Outlook Range

    Tilly's, Inc. (NYSE:TLYS, the ", Company", ))) today announced financial results for the first quarter of fiscal 2024 ended May 4, 2024.

    "Our business continues to face many headwinds from the macro environment, but we believe we are making progress on improving our product margins and driving greater customer engagement through our marketing efforts," commented Hezy Shaked, Co-Founder and Interim President and Chief Executive Officer. "While we expect it to remain difficult to improve our sales results in the near term, we believe the efforts we are making now will produce benefits in the future when the current environment improves."

    Operating Results Overview

    Fiscal 2024 First Quarter Operating Results Overview

    The following comparisons refer to the Company's operating results for the first quarter of fiscal 2024 ended May 4, 2024 versus the first quarter of fiscal 2023 ended April 29, 2023.

    • Total net sales were $115.9 million, a decrease of $7.8 million or 6.3%, compared to $123.6 million last year. Total comparable net sales, including both physical stores and e-commerce ("e-com"), decreased by 9.4% relative to the 13-week period ended May 6, 2023.
      • Net sales from physical stores were $92.8 million, a decrease of $5.0 million or 5.1%, compared to $97.8 million last year, with a comparable store net sales decrease of 8.6%. Net sales from physical stores represented 80.1% of total net sales this year compared to 79.1% of total net sales last year. The Company ended the first quarter with 246 total stores compared to 248 total stores at the end of the first quarter last year.
      • Net sales from e-com were $23.0 million, a decrease of $2.8 million or 10.8%, compared to $25.8 million last year. E-com net sales represented 19.9% of total net sales this year compared to 20.9% of total net sales last year.
    • Gross profit, including buying, distribution, and occupancy costs, was $24.3 million, or 21.0% of net sales, compared to $25.9 million, or 21.0% of net sales, last year. Product margins improved by 130 basis points primarily due to the combination of a lower markdown rate and improved initial markups. Buying, distribution, and occupancy costs deleveraged by 130 basis points collectively, despite being $0.8 million lower than last year, primarily due to carrying these costs against lower net sales this year.
    • Selling, general and administrative ("SG&A") expenses were $45.1 million, or 38.9% of net sales, compared to $43.2 million, or 34.9% of net sales, last year. The $1.9 million increase in SG&A was primarily attributable to an increase in non-cash store asset impairment charges of $1.5 million and an increase in store payroll and related benefits of $1.0 million due primarily to average wage rate increases. These increases were partially offset by a variety of smaller expense decreases.
    • Operating loss was $20.8 million, or 17.9% of net sales, compared to $17.3 million, or 14.0% of net sales, last year, due to the combined impact of the factors noted above.
    • Income tax benefit was $13,000 or 0.1% of pre-tax loss, compared to $4.2 million, or 26.1% of pre-tax loss, last year. The decrease in this quarter's effective income tax rate was primarily attributable to the continuing impact of a full, non-cash deferred tax asset valuation allowance (the "valuation allowance"). On a non-GAAP basis, excluding the valuation allowance, income tax benefit was $5.2 million, or 26.4% of pre-tax loss.
    • Net loss was $19.6 million, or $0.65 net loss per share, compared to $12.0 million, or $0.40 net loss per share, last year. On a non-GAAP basis, excluding the valuation allowance, this year's net loss was $14.5 million, or $0.48 net loss per share. Weighted average shares were 30.0 million this year compared to 29.8 million 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," "non-GAAP net loss," and "non-GAAP net loss 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 May 4, 2024, the Company had $68.0 million of cash, cash equivalents and marketable securities and no debt outstanding compared to $93.4 million and no debt outstanding as of April 29, 2023. Total inventories increased 1.8% as of May 4, 2024 compared to April 29, 2023. Total year-to-date capital expenditures at the end of the first quarter were $2.1 million this year compared to $4.3 million last year.

    Fiscal 2024 Second Quarter Outlook

    Total comparable net sales for fiscal May ended June 1, 2024, decreased by (8.4)% relative to the comparable four-week period last year. Based on current quarter-to-date comparable net sales results and current and historical trends, the Company currently estimates the following for the second quarter of fiscal 2024:

    • Net sales to be in the range of approximately $160 million to $165 million, translating to an estimated comparable net sales decrease in the range of approximately (10)% to (7)%, respectively, relative to the comparable 13-week period last year;
    • SG&A expenses to be in the range of $48 million to $49 million in the absence of any non-cash store asset impairment charges;
    • Effective income tax rate of near-zero due to the continuing impact of the valuation allowance;
    • After-tax results to be in the range of a net loss of approximately $(3.9) million to $(0.9) million, respectively; and
    • Per share results to be in the range of a net loss of $(0.13) to $(0.03), respectively, with estimated weighted average shares of approximately 29.9 million.

    The Company currently expects to have 247 total stores open at the end of the second quarter of fiscal 2024 compared to 246 at the end of last year's second quarter.

    Conference Call Information

    A conference call to discuss these financial results is scheduled for today, June 6, 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 June 13, 2024, by dialing (844) 512-2921 (domestic) or (412) 317-6671 (international) and entering the conference identification number: 10188068.

    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 246 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 changes in the macro-economic environment, 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)

     

     

    May 4,

    2024

     

    February 3,

    2024

     

    April 29,

    2023

    ASSETS

     

     

     

     

     

    Current assets:

     

     

     

     

     

    Cash and cash equivalents

    $

    19,880

     

     

    $

    47,027

     

     

    $

    43,686

     

    Marketable securities

     

    48,142

     

     

     

    48,021

     

     

     

    49,695

     

    Receivables

     

    7,135

     

     

     

    5,947

     

     

     

    12,973

     

    Merchandise inventories

     

    78,535

     

     

     

    63,159

     

     

     

    77,182

     

    Prepaid expenses and other current assets

     

    9,742

     

     

     

    11,905

     

     

     

    9,332

     

    Total current assets

     

    163,434

     

     

     

    176,059

     

     

     

    192,868

     

    Operating lease assets

     

    199,613

     

     

     

    203,825

     

     

     

    216,385

     

    Property and equipment, net

     

    45,442

     

     

     

    48,063

     

     

     

    49,438

     

    Deferred tax assets, net

     

    —

     

     

     

    —

     

     

     

    12,728

     

    Other assets

     

    1,522

     

     

     

    1,598

     

     

     

    1,765

     

    TOTAL ASSETS

    $

    410,011

     

     

    $

    429,545

     

     

    $

    473,184

     

     

     

     

     

     

     

    LIABILITIES AND STOCKHOLDERS' EQUITY

     

     

     

     

     

    Current liabilities:

     

     

     

     

     

    Accounts payable

    $

    22,013

     

     

    $

    14,506

     

     

    $

    24,730

     

    Accrued expenses

     

    12,712

     

     

     

    13,063

     

     

     

    14,253

     

    Deferred revenue

     

    14,127

     

     

     

    14,957

     

     

     

    14,792

     

    Accrued compensation and benefits

     

    8,457

     

     

     

    9,902

     

     

     

    9,056

     

    Current portion of operating lease liabilities

     

    52,662

     

     

     

    48,672

     

     

     

    49,567

     

    Current portion of operating lease liabilities, related party

     

    3,194

     

     

     

    3,121

     

     

     

    2,908

     

    Other liabilities

     

    253

     

     

     

    336

     

     

     

    446

     

    Total current liabilities

     

    113,418

     

     

     

    104,557

     

     

     

    115,752

     

    Long-term liabilities:

     

     

     

     

     

    Noncurrent portion of operating lease liabilities

     

    151,875

     

     

     

    160,531

     

     

     

    169,791

     

    Noncurrent portion of operating lease liabilities, related party

     

    18,438

     

     

     

    19,267

     

     

     

    21,633

     

    Other liabilities

     

    278

     

     

     

    321

     

     

     

    487

     

    Total long-term liabilities

     

    170,591

     

     

     

    180,119

     

     

     

    191,911

     

    Total liabilities

     

    284,009

     

     

     

    284,676

     

     

     

    307,663

     

    Stockholders' equity:

     

     

     

     

     

    Common stock (Class A)

     

    23

     

     

     

    23

     

     

     

    23

     

    Common stock (Class B)

     

    7

     

     

     

    7

     

     

     

    7

     

    Preferred stock

     

    —

     

     

     

    —

     

     

     

    —

     

    Additional paid-in capital

     

    173,197

     

     

     

    172,478

     

     

     

    170,608

     

    Accumulated deficit

     

    (47,583

    )

     

     

    (27,962

    )

     

     

    (5,438

    )

    Accumulated other comprehensive income

     

    358

     

     

     

    323

     

     

     

    321

     

    Total stockholders' equity

     

    126,002

     

     

     

    144,869

     

     

     

    165,521

     

    TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

    $

    410,011

     

     

    $

    429,545

     

     

    $

    473,184

     

     

    Tilly's, Inc.

    Consolidated Statements of Operations

    (In thousands, except per share data)

    (unaudited)

     

     

    Thirteen Weeks Ended

     

    May 4,

    2024

     

    April 29,

    2023

    Net sales

    $

    115,856

     

     

    $

    123,637

     

     

     

     

     

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

     

    90,612

     

     

     

    96,768

     

    Rent expense, related party

     

    931

     

     

     

    931

     

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

     

    91,543

     

     

     

    97,699

     

    Gross profit

     

    24,313

     

     

     

    25,938

     

     

     

     

     

    Selling, general and administrative expenses

     

    44,968

     

     

     

    43,066

     

    Rent expense, related party

     

    133

     

     

     

    133

     

    Total selling, general and administrative expenses

     

    45,101

     

     

     

    43,199

     

     

     

     

     

    Operating loss

     

    (20,788

    )

     

     

    (17,261

    )

    Other income, net

     

    1,154

     

     

     

    1,064

     

    Loss before income taxes

     

    (19,634

    )

     

     

    (16,197

    )

    Income tax benefit

     

    (13

    )

     

     

    (4,229

    )

    Net loss

    $

    (19,621

    )

     

    $

    (11,968

    )

    Basic net loss per share of Class A and Class B common stock

    $

    (0.65

    )

     

    $

    (0.40

    )

    Diluted net loss per share of Class A and Class B common stock

    $

    (0.65

    )

     

    $

    (0.40

    )

    Weighted average basic shares outstanding

     

    29,962

     

     

     

    29,798

     

    Weighted average diluted shares outstanding

     

    29,962

     

     

     

    29,798

     

     

    Tilly's, Inc.

    Consolidated Statements of Cash Flows

    (In thousands)

    (unaudited)

     

     

    Thirteen Weeks Ended

     

    May 4,

    2024

     

    April 29,

    2023

    Cash flows from operating activities

     

     

     

    Net loss

    $

    (19,621

    )

     

    $

    (11,968

    )

    Adjustments to reconcile net loss to net cash used in operating activities:

     

     

     

    Depreciation and amortization

     

    3,095

     

     

     

    3,214

     

    Stock-based compensation expense

     

    566

     

     

     

    522

     

    Impairment of assets

     

    1,663

     

     

     

    154

     

    (Gain) loss on disposal of assets

     

    (16

    )

     

     

    16

     

    Gain on maturities of marketable securities

     

    (708

    )

     

     

    (295

    )

    Deferred income taxes

     

    —

     

     

     

    (4,231

    )

    Changes in operating assets and liabilities:

     

     

     

    Receivables

     

    (822

    )

     

     

    (3,683

    )

    Merchandise inventories

     

    (15,376

    )

     

     

    (15,065

    )

    Prepaid expenses and other assets

     

    2,690

     

     

     

    8,162

     

    Accounts payable

     

    7,480

     

     

     

    8,765

     

    Accrued expenses

     

    14

     

     

     

    441

     

    Accrued compensation and benefits

     

    (1,445

    )

     

     

    873

     

    Operating lease liabilities

     

    (2,254

    )

     

     

    (1,616

    )

    Deferred revenue

     

    (830

    )

     

     

    (1,311

    )

    Other liabilities

     

    (126

    )

     

     

    (173

    )

    Net cash used in operating activities

     

    (25,690

    )

     

     

    (16,195

    )

     

     

     

     

    Cash flows from investing activities

     

     

     

    Purchases of marketable securities

     

    (29,496

    )

     

     

    (24,524

    )

    Purchases of property and equipment

     

    (2,137

    )

     

     

    (4,255

    )

    Proceeds from maturities of marketable securities

     

    30,000

     

     

     

    15,081

     

    Proceeds from sale of property and equipment

     

    23

     

     

     

    —

     

    Net cash used in investing activities

     

    (1,610

    )

     

     

    (13,698

    )

     

     

     

     

    Cash flows from financing activities

     

     

     

    Proceeds from exercise of stock options

     

    153

     

     

     

    53

     

    Net cash provided by financing activities

     

    153

     

     

     

    53

     

     

     

     

     

    Change in cash and cash equivalents

     

    (27,147

    )

     

     

    (29,840

    )

    Cash and cash equivalents, beginning of period

     

    47,027

     

     

     

    73,526

     

    Cash and cash equivalents, end of period

    $

    19,880

     

     

    $

    43,686

     

    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" as loss before income tax multiplied by an effective income tax rate of 26.3%.

     

    Thirteen Weeks Ended

     

    May 4,

    2024

     

    April 29,

    2023

    Income tax benefit

    $

    (13

    )

     

    $

    (4,229

    )

    Non-cash valuation allowance on deferred tax assets

     

    (5,164

    )

     

     

    —

     

    Non-GAAP income tax benefit

    $

    (5,177

    )

     

    $

    (4,229

    )

    • We define "non-GAAP net loss" as net loss less non-cash valuation allowance on deferred tax assets.
    • We define "non-GAAP basic net loss per share" and "non-GAAP diluted net loss per share" as non-GAAP net loss divided by the weighted average shares outstanding on a basic and diluted basis, respectively.

     

    Thirteen Weeks Ended

     

    May 4,

    2024

     

    April 29,

    2023

    Net loss

    $

    (19,621

    )

     

    $

    (11,968

    )

    Non-cash valuation allowance on deferred tax assets

     

    (5,164

    )

     

     

    —

     

    Non-GAAP net loss

    $

    (14,457

    )

     

    $

    (11,968

    )

     

     

     

     

    Basic net loss per share of Class A and Class B common stock

    $

    (0.65

    )

     

    $

    (0.40

    )

    Diluted net loss per share of Class A and Class B common stock

    $

    (0.65

    )

     

    $

    (0.40

    )

    Non-GAAP basic net loss per share of Class A and Class B common stock

    $

    (0.48

    )

     

    $

    (0.40

    )

    Non-GAAP diluted net loss per share of Class A and Class B common stock

    $

    (0.48

    )

     

    $

    (0.40

    )

    Weighted average basic shares outstanding used to compute GAAP and non-GAAP basic net loss per share

     

    29,962

     

     

    29,798

     

    Weighted average diluted shares outstanding used to compute GAAP and non-GAAP diluted net loss per share

     

    29,962

     

     

    29,798

     

     

     

     

    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

    2024 Q1

    248

     

    2

     

    4

     

    246

     

    1,784

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20240606366151/en/

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      12/4/23 12:18:27 PM ET
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      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • Tilly's downgraded by Seaport Research Partners

      Seaport Research Partners downgraded Tilly's from Buy to Neutral

      9/2/22 7:18:56 AM ET
      $TLYS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary

    $TLYS
    Insider Trading

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    • SEC Form 4 filed by Large owner Fund 1 Investments, Llc

      4 - TILLY'S, INC. (0001524025) (Issuer)

      4/29/25 4:51:04 PM ET
      $TLYS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • SEC Form 4 filed by Large owner Fund 1 Investments, Llc

      4 - TILLY'S, INC. (0001524025) (Issuer)

      4/15/25 5:07:14 PM ET
      $TLYS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • SEC Form 4 filed by CFO Henry Michael

      4 - TILLY'S, INC. (0001524025) (Issuer)

      4/2/25 7:23:34 PM ET
      $TLYS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary

    $TLYS
    Press Releases

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    • Tilly's, Inc. to Report Fiscal 2025 First Quarter Operating Results on June 4, 2025

      Tilly's, Inc. (NYSE:TLYS) today announced that the company will release its financial results for the first quarter of fiscal 2025 ended May 3, 2025, after the market close on Wednesday, June 4, 2025. Hezy Shaked, President and Chief Executive Officer, and Michael Henry, Executive Vice President and Chief Financial Officer, will host a conference call that afternoon (June 4, 2025) at 4:30 p.m. ET (1:30 p.m. PT) to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial (877) 300-8521 (domestic) or (412) 317-6026 (international) at 4:25 p.m. ET (1:25 p.m. PT). The conference call will also be available to interested parties through a

      5/5/25 4:05:00 PM ET
      $TLYS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • Tilly's, Inc. Reports Fiscal 2024 Fourth Quarter Operating Results

      Tilly's, Inc. (NYSE:TLYS, the ", Company", )) today announced financial results for the fourth quarter of fiscal 2024 ended February 1, 2025. "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 Hezy Shaked, President and Chief Executive Officer. "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." Operating Results Overview Fiscal 2024 Fourth Quarter Operating Results Overview The following compari

      3/12/25 4:05:00 PM ET
      $TLYS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • Tilly's, Inc. to Report Fiscal 2024 Fourth Quarter Operating Results on March 12, 2025

      Tilly's, Inc. (NYSE:TLYS) today announced that the company will release its financial results for the fourth quarter of fiscal 2024 ended February 1, 2025, after the market close on Wednesday, March 12, 2025. Hezy Shaked, Co-Founder, Executive Chairman, President and Chief Executive Officer, and Michael Henry, Executive Vice President, Chief Financial Officer, will host a conference call that afternoon (March 12, 2025) at 4:30 p.m. ET (1:30 p.m. PT) to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial (877) 300-8521 (domestic) or (412) 317-6026 (international) at 4:25 p.m. ET (1:25 p.m. PT). The conference call will also be a

      2/13/25 4:05:00 PM ET
      $TLYS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary

    $TLYS
    Leadership Updates

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    • Tilly's, Inc. Announces the Appointment of New Board Member

      Tilly's, Inc. (NYSE:TLYS) today announced the appointment of Michael Relich to its Board of Directors. Mr. Relich has over 40 years of experience in retail, with an emphasis on systems and information technology. He most recently served as the co-Chief Executive Officer of PacSun. He also recently served as a member of the board of directors of PSEB LLC, a privately held company that owns PacSun and Eddie Bauer, where he also held positions as its Interim Chief Executive Officer and Chief Operating Officer. Mr. Relich has served in C-level roles at Lucky Brand, Crate & Barrel, Guess, Inc. (NYSE:GES) and Wet Seal. Mr. Relich currently serves on the advisory board of several technology comp

      1/7/25 4:05:00 PM ET
      $GES
      $TLYS
      Apparel
      Consumer Discretionary
      Clothing/Shoe/Accessory Stores
    • Tillys, Inc. Announces Appointment of Hezy Shaked as its President and Chief Executive Officer, Removing Interim Tag

      Tilly's, Inc. (NYSE:TLYS, the "Company"))) today announced that on September 11, 2024, its Board of Directors appointed Hezy Shaked, the Company's co-founder and Executive Chairman of the Board, as its President and Chief Executive Officer. "As the co-founder of this 42-year-old company, there is no one who cares about it more deeply than I do," said Hezy Shaked. "I remain fully committed and enthusiastic about making every effort to work toward improving our business." Mr. Shaked had been serving as the Company's Interim President and Chief Executive Officer since January 21, 2024, and served as the Company's President and Chief Executive Officer previously in its history. Mr. Shaked has

      9/12/24 4:05:00 PM ET
      $TLYS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • Tillys Announces Leadership Transition

      Tilly's, Inc. (NYSE:TLYS) (the "Company") today announced that, effective today, Ed Thomas has retired from his position as President and Chief Executive Officer and as a Director of the Company. "On behalf of the Board of Directors and everyone at Tillys, I sincerely thank Ed for his many valuable contributions and leadership during his tenure at Tillys, and wish him continued success in his future endeavors," said Hezy Shaked, Co-Founder and Executive Chairman of the Board of Directors. Mr. Shaked has been appointed to serve as the Company's interim President and Chief Executive Officer until a successor is in place. As the Company's Co-Founder and former President and Chief Executive

      1/22/24 6:30:00 AM ET
      $TLYS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary

    $TLYS
    SEC Filings

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    • SEC Form DEF 14A filed by Tilly's Inc.

      DEF 14A - TILLY'S, INC. (0001524025) (Filer)

      4/21/25 5:30:19 PM ET
      $TLYS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • Amendment: SEC Form SCHEDULE 13G/A filed by Tilly's Inc.

      SCHEDULE 13G/A - TILLY'S, INC. (0001524025) (Subject)

      4/15/25 12:18:00 PM ET
      $TLYS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • SEC Form 10-K filed by Tilly's Inc.

      10-K - TILLY'S, INC. (0001524025) (Filer)

      4/10/25 4:40:54 PM ET
      $TLYS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary

    $TLYS
    Financials

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    • Tilly's, Inc. to Report Fiscal 2025 First Quarter Operating Results on June 4, 2025

      Tilly's, Inc. (NYSE:TLYS) today announced that the company will release its financial results for the first quarter of fiscal 2025 ended May 3, 2025, after the market close on Wednesday, June 4, 2025. Hezy Shaked, President and Chief Executive Officer, and Michael Henry, Executive Vice President and Chief Financial Officer, will host a conference call that afternoon (June 4, 2025) at 4:30 p.m. ET (1:30 p.m. PT) to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial (877) 300-8521 (domestic) or (412) 317-6026 (international) at 4:25 p.m. ET (1:25 p.m. PT). The conference call will also be available to interested parties through a

      5/5/25 4:05:00 PM ET
      $TLYS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • Tilly's, Inc. Reports Fiscal 2024 Fourth Quarter Operating Results

      Tilly's, Inc. (NYSE:TLYS, the ", Company", )) today announced financial results for the fourth quarter of fiscal 2024 ended February 1, 2025. "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 Hezy Shaked, President and Chief Executive Officer. "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." Operating Results Overview Fiscal 2024 Fourth Quarter Operating Results Overview The following compari

      3/12/25 4:05:00 PM ET
      $TLYS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • Tilly's, Inc. to Report Fiscal 2024 Fourth Quarter Operating Results on March 12, 2025

      Tilly's, Inc. (NYSE:TLYS) today announced that the company will release its financial results for the fourth quarter of fiscal 2024 ended February 1, 2025, after the market close on Wednesday, March 12, 2025. Hezy Shaked, Co-Founder, Executive Chairman, President and Chief Executive Officer, and Michael Henry, Executive Vice President, Chief Financial Officer, will host a conference call that afternoon (March 12, 2025) at 4:30 p.m. ET (1:30 p.m. PT) to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial (877) 300-8521 (domestic) or (412) 317-6026 (international) at 4:25 p.m. ET (1:25 p.m. PT). The conference call will also be a

      2/13/25 4:05:00 PM ET
      $TLYS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary

    $TLYS
    Insider Purchases

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    • Large owner Fund 1 Investments, Llc bought $443,034 worth of shares (80,500 units at $5.50) (SEC Form 4)

      4 - TILLY'S, INC. (0001524025) (Issuer)

      7/9/24 5:36:09 PM ET
      $TLYS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • Large owner Fund 1 Investments, Llc bought $649,067 worth of shares (116,675 units at $5.56) (SEC Form 4)

      4 - TILLY'S, INC. (0001524025) (Issuer)

      7/3/24 3:13:37 PM ET
      $TLYS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • Large owner Fund 1 Investments, Llc bought $1,643,041 worth of shares (299,559 units at $5.48) (SEC Form 4)

      4 - TILLY'S, INC. (0001524025) (Issuer)

      7/1/24 5:09:27 PM ET
      $TLYS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary

    $TLYS
    Large Ownership Changes

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    • Amendment: SEC Form SC 13G/A filed by Tilly's Inc.

      SC 13G/A - TILLY'S, INC. (0001524025) (Subject)

      10/31/24 11:54:57 AM ET
      $TLYS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • Amendment: SEC Form SC 13D/A filed by Tilly's Inc.

      SC 13D/A - TILLY'S, INC. (0001524025) (Subject)

      7/3/24 3:14:05 PM ET
      $TLYS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary
    • SEC Form SC 13D/A filed by Tilly's Inc. (Amendment)

      SC 13D/A - TILLY'S, INC. (0001524025) (Subject)

      3/19/24 5:19:33 PM ET
      $TLYS
      Clothing/Shoe/Accessory Stores
      Consumer Discretionary