Tillys Q4 2023 Earnings Report
Key Takeaways
Tilly's, Inc. announced its financial results for the fourth quarter of fiscal 2023, which ended on February 3, 2024. The company experienced a decrease in total net sales by 4.1% compared to the same quarter last year. The GAAP loss per share was $(0.69), while the non-GAAP loss per share was $(0.17).
Total net sales decreased by 4.1% to $173.0 million compared to $180.4 million last year.
Comparable net sales, including both physical stores and e-commerce, decreased by 8.8%.
Net loss 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, the net loss was $(5.2) million, or $(0.17) loss per share.
Tillys
Tillys
Tillys Revenue by Segment
Forward Guidance
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income