Tilly's, Inc. (TLYS) Tops Q3 EPS by 9c
Tilly's, Inc. (NYSE: TLYS) reported Q3 EPS of $0.30, $0.09 better than the analyst estimate of $0.21. Revenue for the quarter came in at $152.8 million versus the consensus estimate of $151.44 million.
“In the third quarter, we delivered a 32% improvement in year-over-year operating income, largely driven by our sixth consecutive quarter of comp store sales growth, our fourth consecutive quarter of store traffic growth, and our continued strict inventory and expense management," commented Ed Thomas, President and Chief Executive Officer. "Having turned the operating margin trend of our business around over the past year and a half, we now believe it is the appropriate time to plan for moderate growth by targeting to open approximately 10 to 15 new stores during fiscal 2018."
Tilly's, Inc. sees Q4 2017 EPS of $0.22-$0.26, versus the consensus of $0.23.
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