Tilly's Inc (NYSE:TLYS)

Q1 2025 Tillys Inc Earnings Call Transcript

Jun 4, 2025 / 08:30 PM GMT

Release Date Price: $1.3 (-2.99%)

Transcript 10-Q8-K

Key Points

Positve

Tilly's Inc (TLYS) reported a sequential improvement in comparable net sales, with a decrease of only 2.2% in May compared to a 7% decrease in the first quarter.
The company launched a Tilly's TikTok shop, which has outperformed daily order volumes through Amazon since mid-April.
Tilly's Inc (TLYS) has been actively engaging with customers through successful in-person events, such as collaborations with influencers and celebrities like Mike Tyson and Travis Barker.
Product margins improved by 40 basis points due to higher initial markups, indicating better pricing strategies.
The company maintains a debt-free balance sheet with total liquidity of $92.6 million, providing financial stability and flexibility.

Negative

Total net sales decreased by 7.1% in the first quarter, with both physical stores and e-commerce experiencing declines.
Gross margin decreased to 19.8% from 21% last year, impacted by higher inventory evaluation reserves.
Tilly's Inc (TLYS) reported a net loss of $22.2 million or $0.74 per share, compared to a net loss of $19.6 million or $0.65 per share last year.
The company closed 8 stores over the past year and plans to close additional stores, which may impact future sales and market presence.
SG&A expenses de-leveraged by 190 basis points due to carrying costs against lower total net sales, indicating inefficiencies in cost management.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TLYS.N - Tillys Inc
Q1 2025 Tillys Inc Earnings Call
Jun 04, 2025 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Today and welcome to Tilly's first quarter 2025 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by 0.

After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then 1 on your telephone keypad. To withdraw your question, please press star, then 2. Please note this event is being recorded. I would now like to turn the conference over to Gar Jackson, Investor relations. Please go ahead.

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Unidentified_2 [2]
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