Tilly's Profit Tops Estimates, Q2 Outlook Weak; Stock Down 8%

(RTTNews) - Teen apparel retailer Tilly's Inc (TLYS) on Wednesday reported first-quarter net earnings of $1.3 million or $0.05 per share compared with $0.6 million or $0.02 per share last year.

Revenues for the quarter were higher at $120.2 million compared with $111.1 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.04 per share on revenues of $121 million for the quarter. Analysts' estimates typically exclude special items.

Comparable store sales increased 2 in the quarter.

For the second quarter, the company expects earnings of $0.01 to $0.05 per share, and comparable store sales in the range of a decline of 2% to an increase of 2%. Analysts expect earnings of $0.08 per share.