Tilly’s Inc., US-based retail clothing company that sells action sports-branded clothing, accessories, shoes and equipment, has announced financial results for the first quarter (thirteen weeks) of fiscal 2017 ended April 29, 2017. During the quarter under review, total net sales went up by 0.6 per cent from US $ 120.2 million in the corresponding period last year to US $ 120.9 million this quarter.
Comparable store sales, which include e-commerce sales, increased 0.6 per cent while comparable store sales decreased 4.1 per cent in the first quarter last year. The retailer’s gross margin, or gross profit as a percentage of net sales, increased by 27.2 per cent from 27.1 per cent last year.
“We believe our initiatives are gaining traction. After a tough February, our combined March/April comparable store sales were up 5.3%, resulting in a positive comparable store sales result for the first quarter as a whole and our fourth consecutive quarter of year-over-year operating income improvement,” commented Ed Thomas, President and Chief Executive Officer of the company.
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Tilly’s is headquartered in Irvine, California and currently operates through 222 total stores across 31 states and its website, www.tillys.com.
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