Thu, Jun 5, 8:22 PM (17 days ago)
**Tilly's, Inc. (TLYS) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $107.6 million, down 7.1% YoY. - **Gross Profit:** $21.3 million (19.8% of revenue), down from $24.3 million (21.0% of revenue) in Q1 2024. - **Operating Loss:** $22.7 million (21.1% of revenue), up from $20.8 million (17.9% of revenue) in Q1 2024. - **Net Loss:** $22.2 million, or $0.74 per share, up from $19.6 million, or $0.65 per share, in Q1 2024. - **Cash Flow:** Net cash used in operations was $8.1 million, an improvement from $25.7 million in Q1 2024. **Key Metrics & Trends:** - **Comparable Store Sales:** Down 7.0% YoY. - **E-commerce Sales:** $21.7 million, down 5.8% YoY, but up to 20.2% of total sales. - **Store Count:** 238 stores, down from 246 in Q1 2024. - **Inventory Management:** Improved, with a decrease in inventory balances and related accounts payable. **Uncertainties & Future Operations:** - **Economic Concerns:** Inflation, potential tariffs, and recession fears may impact consumer spending. - **Store Closures:** Plans to close 12 stores in 2025, with potential for up to 15 additional closures. - **Credit Facility:** No borrowings as of Q1 2025, but available if needed. - **Taxes:** Effective tax rate near zero due to deferred tax assets. **Management's Outlook:** - Expects to manage operations with existing cash and marketable securities. - Plans to close underperforming stores and adapt to changing consumer preferences. - Focus on cost management and inventory optimization to improve profitability.