This quarterly report represents an earnings surprise of -4.35%. A quarter ago, it was expected that this clothing and accessories retailer would post a loss of $0.22 per share when it actually produced a loss of $0.17, delivering a surprise of 22.73%. Tilly's shares have lost about 24.1% since the beginning of the year versus the S&P 500's gain of 12.3%. Tilly's (TLYS) came out with a quarterly loss of $0.48 per share versus the Zacks Consensus Estimate of a loss of $0.46. This compares to loss of $0.40 pe ...

Exhibit 99.1 Tilly's, Inc. Reports Fiscal 2024 First Quarter Operating Results GAAP Net Loss Per Share of $(0.65); Non-GAAP Net Loss Per Share of $(0.48) Non-GAAP Net Loss Per Share in Middle of Outlook Range Irvine, CA – June 6, 2024 – Tilly's, Inc. (NYSE: TLYS, the "Company") today announced financial results for the first quarter of fiscal 2024 ended May 4, 2024. Fiscal 2024 First Quarter Operating Results Overview The following comparisons refer to the Company's operating results for the first quarter o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 3, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-35535 TILLY'S, INC. (Exact name of registrant as specified in its charter) Delaware 45-2164791 (State or other jurisdiction of incorporation or organization) 10 Whatne ...

Tilly's, Inc. (NYSE:TLYS) Q4 2023 Results Conference Call March 14, 2024 4:30 PM ET Company Participants Gar Jackson - Investor Relations Michael Henry - EVP and CFO Hezy Shaked - Executive Chairman and Interim CEO and President Conference Call Participants Marni Shapiro - Retail Tracker Matt Koranda - Roth MKM Mitch Kummetz - Seaport Research Richard Magnusen - B. Riley Operator Good day, and welcome to the Tilly's Fourth Quarter and Full Year 2023 Earnings Conference Call. All participants will be in a li ...

Exhibit 99.1 Tilly's, Inc. Reports Fiscal 2023 Fourth Quarter Operating Results GAAP Loss Per Share of $(0.69); Non-GAAP Loss Per Share of $(0.17) Non-GAAP Net Loss Beats Prior Outlook Irvine, CA – March 14, 2024 – Tilly's, Inc. (NYSE: TLYS, the "Company") today announced financial results for the fourth quarter of fiscal 2023 ended February 3, 2024. "Our business currently faces many headwinds from the macro environment. Despite these headwinds, we are challenging ourselves to improve our business performa ...

Store Operations - As of October 28, 2023, Tilly's operates 249 stores across 33 states, an increase from 247 stores the previous year[92] - Tilly's plans to open four new stores in fiscal 2024, with total capital expenditures not exceeding $15 million[94] Financial Performance - Total net sales for the third quarter were $166.5 million, a decrease of $11.4 million or 6.4% compared to $177.8 million last year[107] - Gross profit was $48.7 million, or 29.3% of net sales, down from $54.6 million, or 30.7% of net sales last year[108] - SG&A expenses increased to $51.2 million, or 30.8% of net sales, compared to $48.3 million, or 27.1% of net sales last year[109] - Operating loss was $(2.5) million, or (1.5)% of net sales, compared to operating income of $6.3 million, or 3.6% of net sales last year[110] - Net loss was $(0.8) million, or $(0.03) per share, compared to net income of $5.1 million, or $0.17 per diluted share last year[113] - Total net sales for the thirty-nine weeks were $450.1 million, a decrease of $41.9 million or 8.5% compared to $491.9 million last year[114] - Gross profit for the thirty-nine weeks was $119.0 million, or 26.4% of net sales, down from $150.4 million, or 30.6% of net sales last year[115] - SG&A expenses for the thirty-nine weeks were $141.4 million, or 31.4% of net sales, compared to $137.8 million, or 28.0% of net sales last year[116] - Operating loss for the thirty-nine weeks was $(22.5) million, or (5.0)% of net sales, compared to operating income of $12.6 million, or 2.6% of net sales last year[117] - Net sales from e-commerce were $90.0 million, a decrease of $5.8 million or 6.1%, representing 20.0% of total net sales compared to 19.5% last year[121] Expenses and Costs - Store payroll and related expenses accounted for approximately 47% of total selling, general and administrative expenses in the first nine months of fiscal 2023[93] - The average hourly rate for store payroll in the first nine months of fiscal 2023 was 26% higher than in the same period of 2019 and 7% higher than in the previous year[93] - SG&A expenses are expected to increase over time to support the company's growth, with a higher percentage during lower volume periods[102] Capital Expenditures - Total capital expenditures for fiscal 2023 are expected to be approximately $13 million, including 7 new stores and upgrades to distribution and IT systems[93] Cash Flow and Financing - Working capital decreased to $76.4 million as of October 28, 2023, down from $94.1 million at January 28, 2023, a decline of $17.7 million[125] - Net cash used in operating activities was $10.5 million for the thirty-nine weeks ended October 28, 2023, compared to $11.1 million for the same period last year, reflecting a decrease of $0.6 million[128] - Net cash used in investing activities was $18.7 million this year, a significant change from net cash provided of $55.5 million last year[130] - The company entered into a credit agreement with Wells Fargo Bank, providing a revolving credit facility of up to $65.0 million, maturing on April 27, 2026[134] - As of October 28, 2023, the company was eligible to borrow up to $63.0 million under the credit agreement and had no outstanding borrowings[139] - The company reported a net cash provided by financing activities of $37 thousand this year, compared to a net cash used of $10.8 million last year[133] Market Conditions - The company anticipates that inflationary pressures will continue to adversely impact consumer confidence and spending, affecting operating results[93] Inventory and Assets - An increase in merchandise inventories net of accounts payable was recorded at $9.6 million[125] - The company experienced a decrease in cash, cash equivalents, and marketable securities by $19.3 million primarily due to lower net income[125] Covenants and Obligations - The company is subject to various covenants under the credit agreement, including a financial covenant requiring availability to remain above $6.0 million[137] - There were no material changes to the company's contractual obligations as of October 28, 2023[140]

Tilly's, Inc. (NYSE:TLYS) Q3 2023 Results Conference Call November 30, 2023 4:30 PM ET Company Participants Gar Jackson - Investor Relations Ed Thomas - President and CEO Michael Henry - EVP and CFO Conference Call Participants Jeff Van Sinderen - B. Riley Mike Zabran - ROTH MKM Marni Shapiro - the Retail Tracker Mitch Kummetz - Seaport Research Operator Good day, and welcome to Tilly's Third Quarter 2023 Results Conference Call [Operator Instructions]. Please also note this event is being recorded. And I' ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 __________________________________________________ FORM 10-Q __________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 29, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-35535 _________________________________________________ ...

Tilly's Inc. (NYSE:TLYS) Q2 2023 Results Conference Call August 31, 2023 4:30 PM ET Company Participants Gar Jackson - Founder & President Ed Thomas - President, CEO and Director Michael Henry - Executive VP, CFO and Corporate Secretary Conference Call Participants Matt Koranda - Roth MKM Mitch Kummetz - Seaport Jeff Van Sinderen - B. Riley Operator Hello, and welcome to Tilly's Second Quarter 2023 Results Earnings Conference -- Earnings Results Conference Call. All participants will be in a listen-only mod ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 __________________________________________________ FORM 10-Q __________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 29, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-35535 ________________________________________________ ...