Tilly’s(US:TLYS)2025-12-03 21:05Sales 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]