---
title: "TILLY'S, INC. SEC 10-Q Report"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/256016795.md"
description: "Tilly's, Inc. has released its Form 10-Q report for Q2 of fiscal 2025, reporting net sales of $151.3 million, a 7.1% decrease year-over-year. Gross profit improved to 32.5%, with net income of $3.2 million, marking a return to profitability. The company plans to close 16 stores in fiscal 2025 and anticipates ongoing challenges from inflation and a potential recession. E-commerce sales slightly increased to 18.9% of total sales, while proprietary branded products grew to 37% of net sales. The company operates 232 stores, down from 247 last year."
datetime: "2025-09-04T20:33:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/256016795.md)
  - [en](https://longbridge.com/en/news/256016795.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/256016795.md)
---

# TILLY'S, INC. SEC 10-Q Report

Tilly's, Inc., a leading specialty retailer of casual apparel, footwear, and accessories, has released its Form 10-Q report for the second quarter of fiscal 2025. The report highlights the company's financial and operational performance amidst a challenging retail environment.

**Financial Highlights**

-   **Net Sales**: $151.3 million, a decrease of 7.1% compared to the same period last year, with a 4.5% decrease in comparable store net sales.
-   **Gross Profit**: $49.1 million, representing 32.5% of net sales, improved from 30.7% last year due to higher initial markups and lower markdowns.
-   **Operating Income**: $2.7 million, or 1.8% of net sales, compared to an operating loss of $0.9 million last year, driven by improved gross profit margins.
-   **Net Income**: $3.2 million, compared to a net loss of $0.1 million last year, reflecting improved operating performance.
-   **Diluted Net Income Per Share**: $0.10, compared to $0.00 last year, indicating a return to profitability.

**Business Highlights**

-   **Revenue Segments**: The company reported a decrease in net sales from both physical stores and e-commerce. Physical store sales decreased by 7.3%, while e-commerce sales decreased by 6.6% for the thirteen weeks ended August 2, 2025. E-commerce sales represented 18.9% of total net sales, slightly up from 18.7% in the previous year.
-   **Sales Units**: The company operated 232 stores as of August 2, 2025, down from 247 stores in the previous year. The total square footage at the end of the period was 1,657,000 square feet, compared to 1,791,000 square feet in the previous year.
-   **Comparable Store Sales**: Comparable store net sales, which include both physical stores and e-commerce, decreased by 4.5% for the thirteen weeks ended August 2, 2025, compared to a 7.8% decrease in the same period last year.
-   **Product Mix**: The product mix showed a slight shift with proprietary branded products accounting for 37% of net sales, up from 34% in the previous year, indicating a strategic focus on proprietary brands.
-   **Operational Efficiency**: The company improved its gross profit margin to 32.5% from 30.7% in the previous year, primarily due to higher initial markups and lower markdowns, reflecting better inventory management and pricing strategies.
-   **Store Closures**: The company plans to close a total of 16 stores during fiscal 2025, with 11 closures already completed by August 2025. This is part of an ongoing strategy to optimize store locations and reduce costs.
-   **Future Outlook**: The company anticipates continued challenges due to persistent inflation and potential economic recession, which could impact consumer spending. It expects to maintain a near-zero effective income tax rate until it returns to consistent operating profits.

SEC Filing: TILLY'S, INC. \[ TLYS \] - 10-Q - Sep. 04, 2025

### Related Stocks

- [TLYS.US](https://longbridge.com/en/quote/TLYS.US.md)

## Related News & Research

- [Tilly’s Shareholders Approve Directors, Equity Plan and Auditor](https://longbridge.com/en/news/289450192.md)
- [What To Expect From Tilly’s (TLYS) Q1 Earnings](https://longbridge.com/en/news/288357048.md)
- [QNB Shareholders Back Directors and New Stock Plan](https://longbridge.com/en/news/289342284.md)
- [Major Tilly’s Investor Quietly Cuts Stake in Latest Market Move](https://longbridge.com/en/news/280404617.md)
- [Tillys Elevates Merchandising Leadership Amid Renewed Profit Momentum](https://longbridge.com/en/news/278801891.md)