Tillys (TLYS) Tops Q4 EPS by 1c, EPS Guidance Light

Tillys (NYSE: TLYS) reported Q4 EPS of $0.19, $0.01 better than the analyst estimate of $0.18. Revenue for the quarter came in at $139.9 million versus the consensus estimate of $140.02 million. Comparable store sales, which include e-commerce sales, decreased 4.9% compared to the same 13-week period in 2012.

Tillys sees Q1 EPS of $0.0-$0.04, versus the consensus of $0.09.

First Quarter 2014 Outlook

We continue to experience volatile and weak traffic trends and a highly promotional environment in teen retail. If these trends continue, we would expect first quarter comparable store sales to decline in the mid single digits, and net income per diluted share to be in the range of $0.00 to $0.04. This assumes an anticipated effective tax rate of 40% and a weighted average diluted share count of 28.2 million shares. First quarter 2013 net income was $2.3 million, or $0.08 per diluted share, based on a weighted average diluted share count of 28.0 million shares

For earnings history and earnings-related data on Tillys (TLYS) click here.

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