<span item_type="fundamental" item_id="f56b2a9569743ec7a7aee9867e4b04f3" counter_id="ST/US/TLYS" env="prod"></span><span item_type="announcement" item_id="635690661500817793" env="prod"></span><p>Revenue: As of FY2026, the actual value is USD 553.59 M, beating the estimate of USD 547.2 M.</p><p>EPS: As of FY2026, the actual value is USD -0.58, beating the estimate of USD -0.83.</p><p>EBIT: As of FY2026, the actual value is USD -19.34 M.</p><p></p><h4>Net Sales</h4><ul><li>Total net sales for Tilly’s, Inc. decreased by 2.8% to $553.6 million in fiscal 2025 from $569.5 million in fiscal 2024, primarily due to operating 17 fewer stores, a 7.1% reduction in total store count.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span></li><li>Total comparable net sales, encompassing both physical stores and e-commerce, increased by 0.3% in fiscal 2025, demonstrating sequential quarterly improvement and accelerated growth during the final six fiscal months.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span></li><li>Net sales from physical stores decreased by 3.1% to $431.1 million, constituting 77.9% of total net sales in fiscal 2025, compared to 78.1% in fiscal 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span> Comparable store net sales from physical stores increased by 0.9%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span></li><li>E-commerce net sales decreased by 1.8% to $122.5 million, representing 22.1% of total net sales in fiscal 2025, compared to 21.9% in fiscal 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span></li></ul><h4>Gross Profit</h4><ul><li>Gross profit for Tilly’s, Inc. increased to $164.5 million, or 29.7% of net sales, in fiscal 2025, up from $149.7 million, or 26.3% of net sales, in fiscal 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span> This signifies an improvement of $14.8 million, or 340 basis points as a percentage of net sales.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span></li><li>Product margins improved by 290 basis points due to higher initial markups and lower markdowns, reflecting reduced and more current inventory.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span></li><li>Buying, distribution, and occupancy costs collectively improved by 50 basis points, or $7.1 million, mainly due to decreased occupancy costs from operating 17 fewer net stores.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span></li></ul><h4>Selling, General and Administrative (SG&amp;A) Expenses</h4><ul><li>SG&amp;A expenses for Tilly’s, Inc. decreased to $183.8 million, or 33.2% of net sales, in fiscal 2025, from $199.5 million, or 35.0% of net sales, in fiscal 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span> This represents a reduction of $15.7 million, or 180 basis points as a percentage of net sales.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span></li><li>Key factors contributing to the decrease include a -$6.0 million decrease in store payroll and related benefits (-0.6% of net sales), a -$3.2 million decrease in non-cash store asset impairment charges (-0.6% of net sales), a -$2.6 million decrease in e-commerce fulfillment temporary labor (-0.4% of net sales), a -$1.3 million decrease in corporate payroll and related benefits (-0.1% of net sales), and a -$1.0 million decrease in donation expense (-0.2% of net sales).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span></li></ul><h4>Operating Loss</h4><ul><li>Operating loss for Tilly’s, Inc. improved to -$19.3 million, or -3.5% of net sales, in fiscal 2025, compared to -$49.8 million, or -8.8% of net sales, in fiscal 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span> This is an improvement of $30.5 million, or 530 basis points as a percentage of net sales.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span></li></ul><h4>Net Loss</h4><ul><li>Net loss for Tilly’s, Inc. improved to -$17.5 million, or -$0.58 per share, in fiscal 2025, compared to -$46.2 million, or -$1.54 net loss per share, in fiscal 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span> This represents an improvement of $28.8 million, or $0.96 per share.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span></li></ul><h4>Income Tax (Benefit) Expense</h4><ul><li>Tilly’s, Inc. reported an income tax benefit of -$137 thousand, or 0.8% of pre-tax loss, in fiscal 2025, compared to an income tax expense of $0.2 million, or 0.5% of pre-tax loss, in fiscal 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span> Both years’ results include the continuing impact of a full, non-cash deferred tax asset valuation allowance.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span></li></ul><h4>Liquidity and Capital Resources</h4><ul><li>Working capital at January 31, 2026, was $25.1 million, a decrease of $6.5 million from $31.6 million at February 1, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span></li><li>Net cash provided by operating activities was $4.1 million in fiscal 2025, a $46.1 million increase compared to net cash used of -$42.0 million in fiscal 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span> This was primarily due to a decrease in net loss and favorable changes in merchandise inventories net of accounts payable.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span></li><li>Net cash provided by investing activities was $21.2 million in fiscal 2025, compared to $15.8 million in fiscal 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span> This included $25.8 million in maturities of marketable securities, partially offset by $4.7 million in capital expenditures.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span></li><li>As of January 31, 2026, Tilly’s, Inc. had no outstanding borrowings under its Credit Agreement and was eligible to borrow up to $41.5 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span> The only utilization of the letters of credit sub-limit was a $1.7 million irrevocable standby letter of credit.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span></li></ul><h4>Store Operating Data</h4><ul><li>Tilly’s, Inc. operated 223 stores at the end of fiscal 2025, down from 240 stores at the end of fiscal 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span></li><li>Total square feet at the end of fiscal 2025 was 1,593 thousand, down from 1,730 thousand in fiscal 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span></li><li>Average net sales per brick-and-mortar store increased to $1,829 thousand in fiscal 2025, up from $1,791 thousand in fiscal 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span></li><li>Average net sales per square foot increased to $255 in fiscal 2025, up from $247 in fiscal 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span></li></ul><h4>Merchandise Mix</h4><ul><li>Third-party brands represented 63% of total net sales in fiscal 2025, compared to 67% in fiscal 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span> No single third-party brand accounted for more than 5% of total net sales in fiscal 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span></li><li>Proprietary brands represented 37% of total net sales in fiscal 2025, compared to 33% in fiscal 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span> The top two proprietary brands were RSQ (26% of total net sales) and Full Tilt (7% of total net sales).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span></li></ul><h4>Outlook / Guidance</h4><ul><li>Tilly’s, Inc. plans to open approximately four to six new stores in fiscal 2026 within existing markets, while also expecting to close a limited number of stores if acceptable lease economics are not achieved.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span> Management anticipates the effective income tax rate to be near zero annually until consistent operating profits are generated, due to maintaining a full valuation allowance on all deferred tax assets.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span> The company continues to assess the impact of the One Big Beautiful Bill Act (OBBBA) but notes no material impact on the current effective tax rate due to the full valuation allowance.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1524025/000162828026024440/tlys-20260131.htm"></span></li></ul>

Tilly | 10-K: FY2026 Revenue Beats Estimate at USD 553.59 M