Tilly | 8-K: FY2026 Q3 Revenue Beats Estimate at USD 139.59 M

Revenue: As of FY2026 Q3, the actual value is USD 139.59 M, beating the estimate of USD 136.9 M.

EPS: As of FY2026 Q3, the actual value is USD -0.05, beating the estimate of USD -0.3.

Segment Revenue

• Total Net Sales: $139.6 million, a decrease of 2.7% compared to the previous year. Comparable net sales increased by 2.0%.
• Physical Stores: Net sales were $110.3 million, a decrease of 0.9%. Comparable store net sales increased by 5.3%.
• E-commerce: Net sales were $29.3 million, a decrease of 9.0%.

Operational Metrics

• Gross Profit: $42.6 million, or 30.5% of net sales, compared to $37.2 million, or 25.9% of net sales, last year. Product margins improved by 390 basis points.
• SG&A Expenses: $44.5 million, or 31.9% of net sales, compared to $51.3 million, or 35.7% of net sales, last year.
• Operating Loss: Improved to $1.9 million, or 1.4% of net sales, from $14.1 million, or 9.8% of net sales, last year.
• Net Loss: Improved to $1.4 million, or $0.05 per share, from $12.9 million, or $0.43 per share, last year.

Cash Flow

• Net Cash Used in Operating Activities: - $4.5 million for the first 39 weeks of fiscal 2025, compared to - $38.2 million last year.
• Net Cash Provided by Investing Activities: $22.5 million, compared to $17.3 million last year.

Unique Metrics

• Total Available Liquidity: $100.7 million, including $39.0 million in cash and cash equivalents.
• Total Inventories: Decreased by 12.8% compared to the end of the third quarter last year.

Outlook / Guidance

• Fourth Quarter Net Sales: Estimated to be between $146 million and $151 million, with a comparable net sales increase of 4% to 8%.
• Product Margin Improvement: Expected to improve by approximately 300 to 350 basis points.
• Net Loss: Projected to be between $5.6 million and $3.5 million, with per share results ranging from a net loss of $0.19 to $0.12.