The stock of Tilly’s Inc (TLYS) was nosedived after missing the earnings estimates. Before the closing of the regular trading session, TLYS stock was trading at $12.25 and gained 0.82% from the previous trading session. Also, on the last check, TLYS stock price was nosedived during the after-hours session and lost 21.63% to $9.59. Tilly’s released the financial performance for Q4 and FY2021. The company also filed form 8-K with the SEC.
Tilly’s is a retail clothing organization that sells a collection of branded attire, accessories, footwear, and much more. The firm likewise offers internet shopping, which it offers in stores, enhanced by extra online-just styles. TLYS has a market capitalization of $379.38 million with 30.97 million pending shares. Tilly’s has its headquarter in Irvine, California, United States of America (USA).
TLYS Financials
On 10 March 2022, the company reported the fiscal performance for Q4 and FY2021. The main points of the fiscal performance are
- The revenue of TLYS surpassed the estimates by 0.25%, posting $204.4 million in Q4 of FY21 versus $177.9 million. This marks an increase of 14.9%. Also, the revenue for FY2021 grew by 45.9% to $775.6 million against $531.3 in FY2020.
- TLYS had a profit of $70.3 million in Q4 of FY21 compared to $58.2 million in the same period of last year. The profit increased by 20.8%. Also, the profit in FY21 expanded by 94.5% to $276.6 million versus $142.1 million during the previous year.
- Further, the total income saw a growth of 35.9% to $12.0 million in Q4 of FY21 from $8.8 million in the same year-ago period. Besides, the net income of $64.2 million was reported in FY21 versus the total loss of $1.1 million in FY20.
- Moreover, the EPS of $0.39 and $2.10 in Q4 and FY21, respectively.
TLYS FY2022 Guidance
Tilly’s (TLYS) expects the revenue in Q1 of FY2022 to be between $143 million and $148 million.
What do analysts say?
On 18 January 2022, the analyst at Seaport Research Partners initiated the coverage on the stock. The analyst gave a buy rating, setting the target price to $18.
What’s next
In the recent financial performance of the company, TLYS missed the earnings estimate of $0.41 per stock. The firm came out with an EPS of $0.39 in Q4 of FY21. The stock of TLYS has failed to meet expectations this year. One solid measure that can assist shareholders is the organization’s fiscal performance.
