Tilly's Shares Slide After 12.9% Decline In Holiday Sales, Q4 Outlook Cut

Tilly’s Inc TLYS said its 2022 holiday period sales decreased by 12.9% to $150.9 million.
Total comparable net sales, including both physical stores and e-commerce, decreased by 14.4% for the period versus a 14.1% increase last year.
Sales in E-commerce dropped by 12.8% and represented 25.6% of total sales.
Tilly’s said the holiday sales were negatively impacted by this year's inflationary environment compared to much more favorable market conditions during the 2021 holiday period.
As of January 3, 2023, the company had $145.9 million of cash and equivalents and had no outstanding debt.
Outlook: Based on the company's net sales results for the 2022 holiday period and recent historical trends for the fiscal month of January, TLYS expects Q4 net sales of $178 million - $180 million against the prior view of $183 million - $188 million and the consensus of $185.3 million.
The company expects Q4 loss per share of $(0.01) - $(0.04), down from the prior EPS guidance of $0.02 - $0.06 (consensus $0.04).
This compares to $204.5 million in net sales and $0.38 in EPS for the fourth quarter of last year.
Price Action: TLYS shares are trading lower by 7.61% at $8.25 in premarket on the last check Monday.
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