Tilly’s, a leading speciality retailer of casual apparel, footwear and accessories, has announced financial results of the first quarter ended May 5, 2018.
The apparel retailer reported a 2.2 per cent increase in its total net sales to US $ 123.6 million as compared to US $ 120.9 million in the corresponding period last year.
The first quarter net income stood at US $ 1.2 million as compared to a net loss of US $ 0.2 million in the same period last year.
Gross profit in the reporting quarter increased by 6.3 per cent from US $ 32.9 million last year to US $ 35.0 million this year.
Furthermore, American retail clothing company’s comparable sales including e-commerce sales increased 0.1 per cent during the period under review while comparable store sales excluding online witnessed a 1.2 per cent increase against to 0.6 per cent in the corresponding quarter last fiscal.
Operating income in the reporting quarter remained US $ 1.3 million, or 1.1 per cent of net sales, compared to an operating loss of US $ 0.3 million, or (0.3)% of net sales, last year.
Now, Tilly’s expects to note net sales between US $ 153 million and US $ 157 million in the second quarter of the ongoing fiscal.
