** charts after earnings **
Tilly's beats by $0.01, misses on revs; guides Q4 EPS below consensus, revs in-line
- Reports Q3 (Oct) earnings of $0.24 per share, excluding non-recurring items, $0.01 better than the S&P Capital IQ Consensus of $0.23; revenues fell 3.9% year/year to $146.8 mln vs the $148.74 mln S&P Capital IQ Consensus and company guidance of $145.0-151.0 mln.
- Comparable store net sales, including e-commerce, increased 4.3% versus company guidance of +3-6%. Comparable store net sales in physical stores increased 1.3% and represented approximately 86% of total net sales.
- Co issues guidance for Q4, sees EPS of $0.22-0.26 vs. $0.29 S&P Capital IQ Consensus; sees Q4 revs of $163.0-168.0 mln vs. $165.42 mln S&P Capital IQ Consensus.
- Q4 revenue outlook based on an assumed 2% to 5% increase in comparable store net sales.
- The Company expects total capital expenditures for fiscal 2019 not to exceed $25 million, comprised primarily of new store costs supplemented by continuing technology investments.
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