American retailer Tilly's expects net sales of $178-$180 mn in Q4 FY22

Tilly’s total net sales were $150.9 million, decreased by 12.9 per cent, for the 2022 holiday period, ended December 31, 2022, compared to $173.3 million for last year’s comparable nine-week holiday period ended January 1, 2022 (the 2021 holiday period).

Total comparable net sales, including both physical stores and e-commerce, decreased by 14.4 per cent for the 2022 holiday period, compared to an increase of 14.1 per cent for the 2021 holiday period. Total comparable net sales increased by 0.2 per cent relative to the comparable period of pre-pandemic fiscal 2019, Tilly’s said in a press release.

Comparable net sales in physical stores decreased by 15.3 per cent for the 2022 holiday period compared to an increase of 23.2 per cent during the 2021 holiday period. Comparable net sales in physical stores decreased by double-digit percentages in each of the major geographic markets compared to the 2021 holiday period. Net sales in physical stores represented 74.4 per cent of total net sales for the 2022 holiday period, compared to 74.5 per cent of total net sales during the 2021 holiday period.

E-commerce net sales decreased by 12.8 per cent for the 2022 holiday period, compared to a decrease of 5.7 per cent during the 2021 holiday period. E-commerce net sales represented 25.6 per cent of total net sales for the 2022 holiday period, compared to 25.5 per cent of the corresponding period of the previous year.

ALCHEMPro News Desk (DP)