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Tilly's delivered strong fiscal Q2 results: Net sales rose 8.1% to $163.5 million, comparable sales increased 12.1% for the third consecutive quarter, and net income climbed to $8.4 million from $3.2 million.
Profitability and liquidity improved: Gross margin expanded 300 basis points to 35.5% as inventory became more current, while cash and investments increased to $62.2 million and the company carried no borrowings.
Momentum continued into the third quarter: August comparable sales rose 14.6%, and management expects Q3 comparable sales growth of 10%–14%, with net income forecast at $2.2 million–$3.7 million.
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Tilly's delivered strong fiscal Q2 results: Net sales rose 8.1% to $163.5 million, comparable sales increased 12.1% for the third consecutive quarter, and net income climbed to $8.4 million from $3.2 million.
Profitability and liquidity improved: Gross margin expanded 300 basis points to 35.5% as inventory became more current, while cash and investments increased to $62.2 million and the company carried no borrowings.
Momentum continued into the third quarter: August comparable sales rose 14.6%, and management expects Q3 comparable sales growth of 10%–14%, with net income forecast at $2.2 million–$3.7 million.
Three Mall Retailers For Your Reopening Watchlist
#comparable #increased
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