Tilly's Q2 Earnings Smashes Estimates

Tilly’s Inc TLYS reported second-quarter FY21 sales growth of 48.7% year-on-year, to $201.95 million, beating the analyst consensus of $187.97 million.
Sales from physical stores increased 96.3% Y/Y, representing 81.5% of total net sales.
Comparable sales rose 18.3%.
Gross profit climbed 79.1% Y/Y to $74.7 million with a gross margin of 37%, a 630 basis points expansion Y/Y.
The operating margin was 13.1%, and operating income for the quarter rose 242.8% to $26.4 million.
The company held $81.9 million in cash and equivalents as of July 31, 2021.
Cash provided by operating activities totaled $37.4 million.
EPS of $0.66 beat the analyst consensus of $0.43.
Outlook: Tilly’s sees Q3 sales of $187 million - $193 million versus the consensus $170.04 million.
The company expects Q3 EPS of $0.30 - $0.34 versus the consensus of $0.23.
Price Action: TLYS shares closed lower by 0.38% at $15.74 on the last check Thursday.

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