Tillys Inc
NYSE:TLYS
Tillys Inc
Tilly's, Inc. engages in the retail of casual apparel, footwear, and accessories. The company is headquartered in Irvine, California and currently employs 1,450 full-time employees. The company went IPO on 2012-05-04. The firm operates approximately 241 stores, in 33 states. Its stores are located in malls, lifestyle centers, power centers, community centers, outlet centers and street-front locations. The firm also offers online shopping, where it offers same products as offers in stores, supplemented by additional online-only styles. The firm's third-party brands include Adidas, BDG, Billabong, Birkenstock, Brixton, Champion, Converse, Diamond Supply, Dickies, Dr. Martens, Ethika, Free People, G-Shock, Herschel Supply Co., HUF, Hurley, Hydro Flask, Jansport, Levi's, Neff, Nike SB, O'Neill, Obey, Primitive, RayBan, Riot Society, Rip Curl, Roxy, RVCA, Salty Crew, Santa Cruz, Spy, Stance, The North Face, Vans and Volcom. The company sells its products through e-commerce Website, www.tillys.com.
Tilly's, Inc. engages in the retail of casual apparel, footwear, and accessories. The company is headquartered in Irvine, California and currently employs 1,450 full-time employees. The company went IPO on 2012-05-04. The firm operates approximately 241 stores, in 33 states. Its stores are located in malls, lifestyle centers, power centers, community centers, outlet centers and street-front locations. The firm also offers online shopping, where it offers same products as offers in stores, supplemented by additional online-only styles. The firm's third-party brands include Adidas, BDG, Billabong, Birkenstock, Brixton, Champion, Converse, Diamond Supply, Dickies, Dr. Martens, Ethika, Free People, G-Shock, Herschel Supply Co., HUF, Hurley, Hydro Flask, Jansport, Levi's, Neff, Nike SB, O'Neill, Obey, Primitive, RayBan, Riot Society, Rip Curl, Roxy, RVCA, Salty Crew, Santa Cruz, Spy, Stance, The North Face, Vans and Volcom. The company sells its products through e-commerce Website, www.tillys.com.
Profitability: Tilly's delivered its first profitable fourth quarter since fiscal 2021, reporting net income of $2.9 million, or $0.10 per diluted share.
Sales Momentum: Q4 total net sales were $155.1 million (up 5.3%) with a 10.1% comparable net sales increase; comps accelerated into fiscal 2026 (February comps +20.1%).
Margin Recovery: Gross margin expanded to 33.2% of sales (up 720 bps year-over-year) driven by 470 bps improvement in product margins and lower markdowns.
Cost Discipline: SG&A fell to $48.9 million (31.5% of sales), down $3.5 million versus prior-year quarter, helping operating income reach $2.6 million.
Inventory & Operations: Inventories down 10.8% with healthier aging; investments in price optimization and warehouse systems credited for margin and labor efficiency gains.
Store strategy: After 21 closures in fiscal 2025 and 17 fewer stores vs prior year, management plans to open 4–6 new stores in fiscal 2026 while remaining selective.
Guidance: Q1 FY2026 outlook: net sales $119M–$125M (comps +16% to +22%), product margin improvement ~310–330 bps, SG&A ~$44M–$45M, and EPS loss $0.34 to $0.27.
