For the 52-weeks ended February 1, 2014 (2012 reflects a 53-week period):Total net sales were $495.8 million, an increase of 6.1% compared to the prior year.
Comparable store sales, which include e-commerce sales, decreased 1.9% compared to the same 52-week period in 2012. E-commerce sales were $57.8 million, an increase of approximately 11% compared to the same 52-week period in 2012.
Tilly's, Inc. announced financial results for the fourth quarter of fiscal 2013 ended February 1, 2014.For the fourth quarter ended February 1, 2014 #
Gross profit increased 1.4% to $152.3 million. Gross margin was 30.7% compared to 32.1% in the prior year period. Product margins increased 30 basis points, offset primarily by deleverage in buying, distribution and occupancy costs as a result of the negative comparable store sales.
Tilly's, Inc. announced financial results for the fourth quarter of fiscal 2013 ended February 1, 2014.For the fourth quarter ended February 1, 2014 #
Operating income was $29.7 million, and included $1.8 million in store asset impairment charges recorded in the fourth quarter. This compares to operating income of $31.4 million in the prior year, during which the Company recognized a one-time non-cash SG&A charge of $7.6 million, before tax, related to stock-based compensation expense triggered by the company’s initial public offering.
Tilly's, Inc. announced financial results for the fourth quarter of fiscal 2013 ended February 1, 2014.For the fourth quarter ended February 1, 2014 #
Net income was $18.1 million, or $0.65 per diluted share, based on a weighted average diluted share count of 28.1 million shares and an effective tax rate of approximately 39% due to a one-time tax benefit related to return to provision adjustments. This compares to net income in the prior year of $23.9 million, or $0.92 per diluted share, based on a weighted average diluted share count of 26.1 million shares. Adjusting for non-cash stock-based compensation charges and applying an expected long-term effective tax rate of 40%, adjusted net income was $22.9 million, or $0.88 per diluted share, in the prior year.
Tilly's, Inc. announced financial results for the fourth quarter of fiscal 2013 ended February 1, 2014.For the fourth quarter ended February 1, 2014 #
Tilly's
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