87 176
Fashion Jobs
SPECIALIZED
Brand Development Manager - Michigan
Permanent · LANSING
ECCO
Third Keyholder
Permanent · ELIZABETH
ECCO
Third Keyholder
Permanent · LAS VEGAS
ECCO
Sales Manager - National Accounts (Remote)
Permanent · LONDONDERRY
ECCO
Third Keyholder
Permanent · ROSEMONT
LULULEMON
Community Specialist | Summit, Springfield Ave
Permanent · SUMMIT
LULULEMON
Expeditor | Cherry Creek
Permanent · DENVER
LULULEMON
Community Specialist | Friendly Center
Permanent · GREENSBORO
NORDSTROM
Customer Service Representative - Hillsdale Shopping Center
Permanent · SAN MATEO
NORDSTROM
Retail Stock - Mercer Mall Rack
Permanent · LAWRENCE TOWNSHIP
NORDSTROM
Manager- Service Experience- Baton Rouge Mall Rack
Permanent · BATON ROUGE
NORDSTROM
Retail Stock - Sugar House Rack
Permanent · SALT LAKE CITY
NORDSTROM
Asset Protection - Agent - Aventura
Permanent · AVENTURA
NORDSTROM
Retail Stock - Northwoods Rack
Permanent · SAN ANTONIO
NEIMAN MARCUS
Business Manager Tom Ford, Beauty (PT, 35 Hours) - FT. Worth
Permanent · FORT WORTH
NEIMAN MARCUS
Sales Manager, Designer Rtw
Permanent · CORAL GABLES
NEIMAN MARCUS
Sales Professional, Beauty
Permanent · NEW YORK
TIFFANY & CO
Manager, HR Business Partner
Permanent · NEW YORK
URBN
Security Officer (Monday-Thursday; Overnight Shift)
Permanent · LEVITTOWN
AMERICAN EAGLE OUTFITTERS
ae - Market Visual Leader - us
Permanent · MCLEAN
CROCS
Supervisor, Distribution Center - 1st Shift
Permanent · LAS VEGAS
NEWELL
Associate Brand Manager, Coleman
Permanent · ATLANTA
Published
Mar 16, 2017
Download
Download the article
Print
Text size

Tilly's closes fiscal year with quarterly growth, beating Q4 expectations

Published
Mar 16, 2017

Tilly’s closes its fiscal year with its third consecutive quarter of year-over-year growth and its first improvement in operating income in five years. The end-of-the-year performance and no debt outstanding allowed for Tilly’s to reward its shareholders with a $20 million special dividend in February.


 
Net sales for the year increased 3.3% to $569 million from $551 million in the previous year, and comparable store sales, including e-commerce sales, increased 0.5% (comp store sales increased 1.2% in 2015).
 
Operating income increased 1.2% to $19.3 million, and net income was $11.4 million, or $0.40 per diluted share, versus $7.5 million, or $0.27 per diluted share in the prior year.

Tilly’s fourth quarter comparable store sales were in range of expectations at 0.1%, and earnings per diluted share surpassed expectations and last year at $0.22. Total net sales jumped 0.7% to $160.2 million, operating income was $10.4 million, or 6.5% of net sales, and net income was $6.3 million compared to $2.9 million in the prior year.
 
In addition, gross margin fell 80 basis points for the fourth quarter and the full year due to increased markdowns.
 
“While we are encouraged by these results, we will continue to seek ways to improve profitability and continue our progress during fiscal 2017," said Ed Thomas, President and Chief Executive Officer.
 
Tilly’s expects to start fiscal 2017 with comparable store sales decreasing by a low to mid single-digit, an operating loss between $3 million and $7 million, and a loss per share between $0.07 and $0.15.

Copyright © 2024 FashionNetwork.com All rights reserved.