Tilly's (TLYS) Reports In-Line Q2 EPS, Offers Q3 Guidance

Tilly's (NYSE: TLYS) reported Q2 EPS of $0.05, in-line with the analyst estimate of $0.05. Revenue for the quarter came in at $123.1 million versus the consensus estimate of $122.25 million. Comp declined 7.1%.

Third Quarter 2014 Outlook

We expect third quarter comparable store sales to decline in the mid single digits, and net income per diluted share to be in the range of $0.09 to $0.13. This assumes an anticipated effective tax rate of approximately 41% and a weighted average diluted share count of 28.1 million shares. Third quarter 2013 net income was $6.1 million, or $0.22 per diluted share, based on a weighted average diluted share count of 28.2 million shares.

(Street sees Q3 EPS of $0.19)

For earnings history and earnings-related data on Tilly's (TLYS) click here.

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