Tilly’S, Inc. Revises Earnings Guidance for the Fourth Quarter of 2014
January 13, 2015 at 02:31 am IST
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Tilly's, Inc. revised earnings guidance for the fourth quarter of 2014. Based on the results for the Holiday Period, the company expects fourth quarter comparable store sales to increase 1.0% to 3.0%, and net income per diluted share to be in the range of $0.21 to $0.23, an increase from the previously issued guidance of comparable stores sales flat to negative low single digits and net income per diluted share of $0.15 to $0.19. The updated outlook assumes an anticipated effective tax rate of approximately 40% and a weighted average diluted share count of 28.1 million shares.
Tilly's, Inc. is a specialty retailer of casual apparel, footwear, accessories, and hardgoods for young men, young women, boys and girls. The Companyâs stores are located in a variety of retail centers, including malls, lifestyle centers, power centers, community centers, outlet centers, and street-front locations. Customers may also shop online, where it features the same assortment of products as is carried in its stores, supplemented by additional online-only styles. The Company operates over 248 stores in 33 states. The Company's third-party brands include adidas, Champion, Dr. Martens, BDG, Converse, Edikted, Billabong, Crocs, Ethika, Birkenstock, Diamond Supply, Free People, Brixton, Dickies, G-Shock, Herschel Supply Co., HUF, Hydro Flask, Jansport, Levi's and others. It supplements its third-party merchandise assortment with its own proprietary brands across many of its product categories. It sells merchandise over the Internet through its e-commerce Website, www.tillys.com.
TILLY'S, INC. 
