Tilly's Surges 30% Premarket on Q2 Profit Growth and First Profitable Year Since 2022 Outlook
TLYS has more than doubled off its 52-week low of $1.14 on elevated volume (15× avg).
Summary
Tilly's reported Q2 net income of $8.4 million, up from $3.2 million a year ago, with EPS of $0.27 versus $0.10. Net sales rose to $163.5 million from $151.3 million, and comparable sales increased 12% — the fourth consecutive quarter of growth. The company guided Q3 EPS to $0.07-$0.12 versus a loss of $0.05 last year, with sales up 10%-14%. CEO Nate Smith said the company is on track for its first profitable fiscal year since 2022. Shares jumped 30% premarket to $4.94, adding to a nearly 90% year-to-date gain. This follows the 8-K filed last evening with the same results; today's move reflects the market's positive reaction to the guidance and profitability outlook.
At the time of this announcement, TLYS was trading at $4.93 on NYSE in the Trade & Services sector, with a market capitalization of approximately $116.2M. The 52-week trading range was $1.14 to $5.90. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.