** charts before earnings **
** charts after earnings **
Tilly's beats by $0.03, beats on revs; comps + 0.1%; guides JulQ EPS above consensus, revs above consensus
- Reports Q1 (Apr) earnings of $0.04 per share, $0.03 better than the Capital IQ Consensus of $0.01; revenues rose 2.2% year/year to $123.63 mln vs the $121.86 mln Capital IQ Consensus.
- Comparable store sales, which includes e-commerce sales, increased +0.1% in total. Comps at physical stores were +1.2% while e-commerce sales were -7.2%, yet improved incrementally in each month of the quarter. Co has been experiencing technical issues for its e-com business. Co believes it has addressed the most significant technical issues and results are beginning to improve. E-com sales remain inconsistent, but are off to a good start in Q2.
- Co issues upside guidance for Q2 (Jul), sees EPS of $0.24-0.28 vs. $0.12 Capital IQ Consensus Estimate; sees Q2 revs of $153-157 mln vs. $141.84 mln Capital IQ Consensus Estimate.
- Note: A good part of the upside guidance is because of a calendar shift impact. This is due to the first several days of August, which are in the back-to-school season, shifting into Q2 vs being in Q3 last year. Co expects that this same calendar shift will have an opposite impact on Q3 (Oct).
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