In Tuesday trading, shares of Tilly's Inc. (TLYS, Financial) plunged on the heels of the company reporting its financial results for the fourth quarter. The company posted adjusted earnings per share of 24 cents. The company’s revenue of $164.3 million was also higher than the figure reported a year earlier by 2.5%. Moreover, the company fell short analysts' estimations by 1 cent in earnings per share and by $1.79 million in revenue.
Gross profit reached $51.4 million, an increase of 4.8% year-over-year. The gross margin, or gross profit as a percentage of net sales, increased to 31.3% from 30.6%.
Looking ahead, the company expects its first quarter comparable store sales to range from flat to a low single-digit percentage increase, and earnings per share to range from a loss of 1 cent to income per diluted share of 3 cents.
DSW Inc. (DSW, Financial) gained ground after the company reported its financial results for the fourth quarter. The company posted eranings per share of 38 cents on revenue of $719.98 million, which was higher than the figure reported a year earlier by 6.7%. Moreover, the company beat analysts' estimates by 11 cents in earnings per share but fell short of estimates by $8.19 million in revenue.
Looking ahead, the company expects full year revenue growth to increase in the 2-4% range. This assumes comparable sales increase as well as the opening of three to six net new locations for the DSW Segment. For the full year, adjusted earnings per share are expected to be between $1.52 and $1.67.
The board of directors increased the quarterly dividend by 25% to 25 cents per share.
Disclosure: The author holds no position in any stocks mentioned.
