NEW YORK, Dec. 10, 2025 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Tilly's, Inc. (NYSE: TLYS) on behalf of the company's shareholders.  The investigation seeks to determine whether Tilly's, Inc.'s directors breached their fiduciary duties in connection with recent corporate actions. If you are a shareholder of Tilly's, Inc. and are interested in obtaining additional information about your rights and options, please visit us at: https://pjlfirm.com/tillys-inc/  You may also c ...

Tilly's (TLYS) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since a changing e ...

Store Operations - Tilly's operated 230 stores across 33 states as of November 1, 2025, down from 246 stores the previous year[104] - Tilly's expects to close a total of 21 stores during fiscal 2025, with 14 already closed by November 2025[108] Financial Performance - Net sales for the thirteen weeks ended November 1, 2025, were $139.6 million, a decrease of 2.0% compared to $143.4 million for the same period in 2024[120] - Total net sales for the third quarter were $139.6 million, a decrease of 2.7%, while comparable net sales increased by 2.0%[123] - Total net sales for the 39 weeks ended were $398.5 million, a decrease of 5.6%, with comparable net sales down by 3.0%[130] Comparable Store Sales - Comparable store net sales increased by 2.0% for the thirteen weeks ended November 1, 2025, compared to a decline of 3.4% for the same period in 2024[121] Gross Profit and Margins - Gross profit for the thirty-nine weeks ended November 1, 2025, was $113.0 million, representing 28.4% of net sales, compared to $111.4 million or 26.4% of net sales for the same period in 2024[120] - Gross profit was $42.6 million, or 30.5% of net sales, an improvement from 25.9% last year, with product margins increasing by 390 basis points[124] Operating Loss - Operating loss for the thirteen weeks ended November 1, 2025, was $1.9 million, significantly improved from a loss of $14.1 million for the same period in 2024[120] - Operating loss was $1.9 million, or 1.4% of net sales, significantly improved from a loss of $14.1 million, or 9.8% of net sales, last year[127] Net Loss - Net loss was $1.4 million, or $0.05 per share, compared to a net loss of $12.9 million, or $0.43 per share, last year[129] E-commerce Performance - E-commerce net sales for the thirteen weeks ended November 1, 2025, were $29.3 million, accounting for 21.0% of total net sales[121] - Net sales from physical stores were $110.3 million, a decrease of 0.9%, while e-com net sales were $29.3 million, a decrease of 9.0%[126] Expenses - SG&A expenses decreased to $44.5 million, or 31.9% of net sales, down from 35.7% last year, primarily due to reductions in store payroll and e-com fulfillment labor expenses[125] - Store payroll and related expenses accounted for approximately 47% of total selling, general and administrative expenses in the first nine months of fiscal 2025[106] Cash Flow and Working Capital - Net cash used in operating activities was $4.5 million, a significant improvement from $38.2 million last year, attributed to better inventory management[141] - Working capital decreased to $20.7 million from $31.6 million at the beginning of the fiscal year, primarily due to an increase in accounts payable[138] Tax and Compliance - The effective income tax rate is expected to remain near zero until consistent operating profits are achieved due to a full valuation allowance on deferred tax assets[107] - As of November 1, 2025, the company was in compliance with all covenants and had no outstanding borrowings under its credit agreement, with eligibility to borrow up to $61.6 million[151] Market Risks - As of November 1, 2025, there were no material changes in the market risks described in the Annual Report[154] Accounting Principles - The company prepares financial statements in accordance with generally accepted accounting principles, requiring estimates and assumptions about future events[153]

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Core Points - Ambu experienced double-digit growth and achieved several milestones in the past financial year [1] - The company completed a focused turnaround and launched a new strategy called ZOOM AHEAD at the beginning of the new financial year [2] Company Overview - The Annual General Meeting was attended by the Chairman of the Board, Jorgen Jensen, and the CEO, Britt Meelby Jensen, along with legal counsel Niels Kornerup [2][3] - The meeting served as a platform to review the company's performance and future strategy [1][2]

Core Insights - Tilly's reported a quarterly loss of $0.05 per share, significantly better than the Zacks Consensus Estimate of a loss of $0.30, marking an earnings surprise of +83.33% [1] - The company generated revenues of $139.59 million for the quarter ended October 2025, exceeding the Zacks Consensus Estimate by 1.96%, although this represents a decline from $143.44 million year-over-year [2] - Tilly's shares have declined approximately 65.4% year-to-date, contrasting with a 16.1% gain in the S&P 500 [3] Earnings Outlook - The future performance of Tilly's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4] - The current consensus EPS estimate for the upcoming quarter is -$0.32 on revenues of $146.1 million, and for the current fiscal year, it is -$1.25 on revenues of $541.8 million [7] Industry Context - The Retail - Apparel and Shoes industry, to which Tilly's belongs, is currently ranked in the top 30% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [8] - Victoria's Secret, a competitor in the same industry, is expected to report a quarterly loss of $0.60 per share, reflecting a year-over-year change of -20%, with revenues projected at $1.41 billion, up 4.5% from the previous year [9][10]

Tilly’s (NYSE:TLYS) Q3 2026 Earnings Call December 03, 2025 04:30 PM ET Company ParticipantsGar Jackson - Head of Investor RelationsNate Smith - CEOMichael Henry - EVP and CFOConference Call ParticipantsMatthew Butler Koranda - AnalystOperatorGood afternoon and welcome to Tilly's Third Quarter 2025 earnings conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, t ...

Tilly’s (NYSE:TLYS) Q3 2026 Earnings Call December 03, 2025 04:30 PM ET Company ParticipantsGar Jackson - Head of Investor RelationsNate Smith - CEOMichael Henry - EVP and CFOConference Call ParticipantsMatthew Butler Koranda - AnalystOperatorGood afternoon and welcome to Tilly's Third Quarter 2025 earnings conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, t ...

Financial Data and Key Metrics Changes - Total net sales for Q3 2025 were $139.6 million, a decrease of 2.7% year-over-year [14] - Comparable net sales increased by 2%, with physical stores up 5.3% and e-commerce down 9% [14] - Gross margin improved to 30.5%, up 460 basis points from 25.9% last year [15] - Net loss improved to $1.4 million, or $0.05 per share, compared to $12.9 million, or $0.43 per share last year [17] - Total liquidity at the end of Q3 was $100.7 million, with cash of $39 million and unused borrowing capacity of $61.6 million [17] Business Line Data and Key Metrics Changes - Physical store sales represented 79% of total net sales, up from 77.6% last year [14] - E-commerce sales accounted for 21% of total net sales, down from 22.4% last year [14] - The decline in e-commerce sales was attributed to a 51% reduction in clearance sales compared to last year [14] Market Data and Key Metrics Changes - The positive sales trend in Q3 continued into Q4, with double-digit store comps and accelerating sales in October and November [6] - Comparable net sales for Q4 are expected to increase by 4% to 8% [18] Company Strategy and Development Direction - The company aims to increase the sales penetration of proprietary brands to approximately 40% [6] - There is a focus on balancing proprietary and third-party brands to enhance sales and product margins [8] - The company is investing in social commerce, with significant growth from its TikTok shop launched in March [8] - Technological upgrades are being implemented, including AI-driven price optimization and inventory management tools [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in stabilizing the business and achieving consistent profitability [5] - The company is encouraged by the sequential improvement in quarterly comparable net sales trends [20] - Management acknowledged the need for continued efforts to grow sales healthily and improve product margins [6] Other Important Information - The company plans to close seven stores by the end of Q4, bringing the total store count to 223, a net decrease of 17 stores from the end of Fiscal 2024 [19] - Year-to-date capital expenditures were $3.4 million, down from $6.7 million last year [17] Q&A Session Summary Question: What contributed to the return to positive comps? - Management attributed the positive comps to a combination of improved assortment and effective marketing strategies, suggesting a 50/50 split in impact [24] Question: Is the positive comp driven by traffic or ticket size? - The improvement was primarily due to better conversion rates, average sale values, and transaction counts, with traffic being roughly flat [28] Question: What is the timeline for increasing private brand penetration? - The company expects to gradually increase private label penetration over the next three to five months, with current penetration just under 37% [30][32] Question: How sustainable are the SG&A reductions? - Management indicated that leverage will come from improved sales per square foot productivity, with ongoing efforts to maintain efficiency in store payroll usage [37] Question: What is the outlook for store closures? - The company will continue to evaluate store profitability and lease negotiations, with potential for more closures if necessary [41]

Sales Performance - Total net sales for Q3 fiscal 2025 were $139.6 million, a decrease of 2.7% year-over-year, while comparable net sales increased by 2.0%[3] - Net sales from physical stores were $110.3 million, a decrease of 0.9%, with comparable store net sales increasing by 5.3%[3] - E-commerce net sales were $29.3 million, a decrease of 9.0%, primarily due to a 51.0% decrease in clearance selling[3] - Net sales for the thirteen weeks ended November 1, 2025, were $139,587, a decrease of 2% compared to $143,442 for the same period in 2024[16] - For Q4 fiscal 2025, the company estimates net sales in the range of $146 million to $151 million, with a comparable net sales increase of 4% to 8%[10] Profitability - Gross profit improved to $42.6 million, or 30.5% of net sales, compared to 25.9% of net sales last year, with product margins improving by 390 basis points[3] - Gross profit for the thirty-nine weeks ended November 1, 2025, was $112,974, an increase of 1.5% from $111,430 in the prior year[16] - Operating loss improved to $1.9 million, or 1.4% of net sales, compared to $14.1 million, or 9.8% of net sales, last year[3] - The operating loss for the thirty-nine weeks ended November 1, 2025, was $(21,929), an improvement from $(35,701) in the same period of 2024[16] - Net loss improved to $1.4 million, or $0.05 per share, from $12.9 million, or $0.43 per share, last year[4] - The net loss for the thirty-nine weeks ended November 1, 2025, was $(20,394), compared to $(32,565) for the same period in 2024, reflecting a reduction of 37%[16] Expenses and Liquidity - Selling, general and administrative (SG&A) expenses decreased to $44.5 million, or 31.9% of net sales, down from 35.7% last year[3] - Total available liquidity as of November 1, 2025, was $100.7 million, including $39.0 million in cash and cash equivalents[6] - Cash and cash equivalents at the end of the period were $39,041, an increase from $26,407 at the end of the previous year[18] - Total current assets as of November 1, 2025, were $135,128, up from $130,960 in the prior year[14] - Total liabilities decreased to $235,456 as of November 1, 2025, from $241,592 in the previous year[14] Store Operations - The company plans to end fiscal 2025 with a total store count of 223, a decrease of 7.1% from 240 stores at the end of fiscal 2024[10] - The company opened 2 new stores and closed 4 stores during the third quarter of 2025, resulting in a total store count of 230[20] Share Information - The weighted average basic shares outstanding for the thirty-nine weeks ended November 1, 2025, were 30,089, compared to 30,017 in the prior year[16] Cash Flow - The company reported a cash flow from operating activities of $(4,508) for the thirty-nine weeks ended November 1, 2025, compared to $(38,203) in the same period of 2024[18]