Financial Data and Key Metrics Changes - Total net sales for Q4 2023 were $173 million, a decrease of 4.1% compared to the previous year [45] - Gross margin was 27% of net sales, down from 29% last year, with product margins declining by 140 basis points due to increased markdowns [10][11] - Net loss was $20.6 million or $0.69 per share, compared to a breakeven result last year [11] - Total cash and marketable securities at year-end were $95 million, down from $113 million the previous year [11] Business Line Data and Key Metrics Changes - E-commerce net sales increased by 4.7%, representing 27.4% of total net sales compared to 25.1% last year [10] - Total comparable net sales, including both physical stores and e-commerce, decreased by 8.8% for the comparable 14-week period [22] - Net sales from physical stores decreased by 7%, representing 72.6% of total net sales compared to 74.9% last year [22] Market Data and Key Metrics Changes - The company ended the fiscal year with 248 total stores, a net decrease of one store compared to the end of fiscal 2022 [10] - Total inventories at cost were up 2.6% per square foot at the end of fiscal 2023 compared to the end of fiscal 2022 [47] Company Strategy and Development Direction - The company plans to open five new stores in fiscal 2024, focusing on existing markets while improving business performance [8] - A new brand campaign is set to launch before the back-to-school season, aimed at building emotional connections with customers [20] - Capital expenditures for fiscal 2024 are expected not to exceed $15 million, focusing on warehouse management systems and inventory management tools [21] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges from inflationary pressures and a shift in consumer preferences towards experiences over goods [5] - There is cautious optimism about improving sales trends as the company transitions into warmer weather and spring categories [7] - Management expects total net sales for Q1 2024 to be in the range of $109 million to $119 million, with a comparable store net sales decrease of approximately 14% to 7% [24] Other Important Information - The company is actively renegotiating costs and adjusting retail prices to improve product margins [36] - Management noted that the increase in SG&A expenses was primarily due to the extra week in the fourth quarter [23] Q&A Session Summary Question: What are the plans for improving margins? - Management indicated that there is room for improvement in margins and that they are actively working on it [27] Question: What changes are being made in marketing strategies? - A new head of marketing has joined, focusing on top-of-funnel customer acquisition and increasing presence on social media platforms like TikTok [51] Question: How are sales trends across different product categories? - Sales pressure has been consistent across all departments, with early traction noted in the junior merchandise category [54] Question: What are the expectations for the upcoming sales events? - The largest sales weeks are anticipated around the Easter holiday, with expectations of some revenue shift from Q3 to Q2 due to the extra week in fiscal 2023 [81]

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 ________________________________________________ ...

Financial Data and Key Metrics Changes - Total net sales for Q1 2023 were $123.6 million, a decrease of 15.2% compared to the previous year [18] - Gross margin decreased to 21.0% of net sales from 30.1% last year, with buying, distribution, and occupancy costs increasing by 620 basis points [19] - Operating loss was $17.3 million or 14% of net sales, compared to operating income of $1.1 million or 0.8% of net sales last year [22] - Net loss was $12 million or $0.40 per share, compared to net income of $0.8 million or $0.03 per diluted share last year [28] Business Line Data and Key Metrics Changes - Footwear had a single-digit negative sales comp percentage, while all other merchandising departments experienced double-digit negative sales comp results [9] - Total comparable net sales, including e-commerce, decreased by 17.5%, with a 19.7% decrease from physical stores and an 8.3% decrease from e-commerce [19] - Spring/summer product categories performed better in Q2 compared to Q1, led by women's and girls' categories, which had positive comps [11] Market Data and Key Metrics Changes - California, which accounts for 40% of total stores, was the weakest performing geographic area, with total sales down over 20% [9][48] - Total store transactions decreased by a high teens percentage during the quarter, although there was an improvement in April [10] Company Strategy and Development Direction - The company plans to open seven new stores during fiscal 2023, with three stores pushed to 2024 due to delays [16] - A new Chief Merchandising Officer and Vice President of Merchandise Planning and Allocation have been hired to improve business operations and sales growth [13][14] - The company is investing in a new warehouse management system to enhance labor and inventory management efficiency [15] Management's Comments on Operating Environment and Future Outlook - Management noted that the economic environment remains uncertain and inflationary, impacting the young customer demographic [8] - The company expects total net sales for Q2 2023 to be in the range of approximately $148 million to $158 million, translating to a comparable store net sales decline of approximately 10% to 15% [24] - Management expressed cautious optimism for the back-to-school season, which is typically need-based, potentially leading to better sales trends [68] Other Important Information - Total capital expenditures for Q1 were $4.3 million, with expectations of approximately $15 million for the year [29] - The company ended Q1 with total cash and marketable securities of $93 million and no debt outstanding [23] Q&A Session Summary Question: Can you elaborate on the assortment issues mentioned? - Management indicated that most challenges were due to seasonal categories not performing well, particularly shorts and swim, primarily because of weather [26] Question: How is the second quarter revenue guide structured? - The low end of the guide is based on historical averages, while the high end considers May's performance as a percentage of Q2 [32][33] Question: What trends are being observed in traffic versus ticket? - Traffic was down 12% in Q1 and May, while average sale values remained relatively stable [35] Question: What are the expectations for product margins going forward? - Management is considering actions to keep inventory fresh and avoid overstocking as they approach the back-to-school season [40] Question: How are occupancy costs being managed? - Occupancy costs are expected to rise year-over-year due to an increase in store count, but management is satisfied with lease negotiations [42][45] Question: How is inventory being managed in light of seasonal softness? - Management feels confident about inventory content but expects a highly promotional environment for certain categories [59]

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 January 28, 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. (Exact name of registrant as specified in its charter) Delaware 45-2164791 (State or other jurisdiction of incorporation or organization) 10 Whatne ...

Tillys, Inc. (NYSE:TLYS) Q4 2022 Earnings Conference Call March 9, 2023 4:30 PM ET Company Participants Gar Jackson - Global IR Group Edmond Thomas - President, CEO & Director Michael Henry - EVP, CFO & Corporate Secretary Conference Call Participants Jeff Van Sinderen - B. Riley Securities Matthew Koranda - ROTH MKM Partners Mitchel Kummetz - Seaport Research Partners Operator Good afternoon, and welcome to the Tilly's Fiscal Fourth Quarter 2022 Results Conference Call. [Operator Instructions]. Please also ...