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Tilly's (TLYS) Q3 Earnings: What To Expect

StockStory - Wed Nov 29, 2023

TLYS Cover Image

Young adult apparel retailer Tilly’s (NYSE:TLYS) will be reporting earnings tomorrow afternoon. Here's what you need to know.

Last quarter Tilly's reported revenues of $160 million, down 5% year on year, beating analyst revenue expectations by 6%. It was a very strong quarter for the company, with an impressive beat of analysts' same-store sales, revenue, and EPS estimates. We were also glad that next quarter's earnings guidance exceeded Wall Street's estimates, although next quarter's EPS guidance is relatively in line.

Is Tilly's buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Tilly's's revenue to decline 5.4% year on year to $168.2 million, improvement on the 13.7% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.07 per share.

Tilly's Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.

Looking at Tilly's's peers in the apparel retailer segment, some of them have already reported Q3 earnings results, giving us a hint of what we can expect. Abercrombie and Fitch delivered top-line growth of 20% year on year, beating analyst estimates by 7.7% and American Eagle reported revenues up 4.9% year on year, exceeding estimates by 1.6%. Abercrombie and Fitch traded down 4.3% on the results, and American Eagle was down 12.8%.

Read our full analysis of Abercrombie and Fitch's results here and American Eagle's results here.

There has been positive sentiment among investors in the apparel retailer segment, with the stocks up on average 10.3% over the last month. Tilly's is up 3.6% during the same time, and is heading into the earnings with analyst price target of $10, compared to share price of $8.4.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

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The author has no position in any of the stocks mentioned.