Tilly's FY19 sales rise 3.5% to $619 million

Tilly’s, a US-based leading, destination specialty retailer of casual apparel, footwear and accessories, posted 3.5 per cent increase in its net sales to $619.3 million in fiscal 2019, ended on February 1, 2020 compared to $598.5 million in prior year. Net income for the year was $22.6 million compared to $24.9 million in the prior year. 

 

Tilly's, a US-based leading, destination specialty retailer of casual apparel, footwear and accessories, posted 3.5 per cent increase in its net sales to $619.3 million in fiscal 2019, ended on February 1, 2020 compared to $598.5 million in prior year. Net income for the year was $22.6 million compared to $24.9 million in the prior year. #

For the fourth quarter (Q4) FY19, net sales grew 1.1 per cent to $172.5 million compared to $170.6 million in same period prior year. Net income over the quarter were $6.3 million compared to $8.7 million in Q4 FY18.

 

Tilly's, a US-based leading, destination specialty retailer of casual apparel, footwear and accessories, posted 3.5 per cent increase in its net sales to $619.3 million in fiscal 2019, ended on February 1, 2020 compared to $598.5 million in prior year. Net income for the year was $22.6 million compared to $24.9 million in the prior year. #

"A deeper than expected drop in store traffic and comparable store net sales during the second and third weeks of December resulted in a disappointing fourth quarter overall, which was our first negative comp quarter in over three and a half years," Ed Thomas, president and chief executive officer, said in a press release.

 

Tilly's, a US-based leading, destination specialty retailer of casual apparel, footwear and accessories, posted 3.5 per cent increase in its net sales to $619.3 million in fiscal 2019, ended on February 1, 2020 compared to $598.5 million in prior year. Net income for the year was $22.6 million compared to $24.9 million in the prior year. #

Gross profit rose 3.2 per cent in FY19 to $186.7 million compared to $180.9 million prior year. Selling, general & administrative (SG&A) expenses were $158.3 million, or 25.6 per cent of net sales, compared to $149.4 million or 25.0 per cent of net sales, prior year. Operating income was $28.5 million, or 4.6 per cent of net sales, compared to $31.5 million, or 5.3 per cent of net sales, last year.

 

Tilly's, a US-based leading, destination specialty retailer of casual apparel, footwear and accessories, posted 3.5 per cent increase in its net sales to $619.3 million in fiscal 2019, ended on February 1, 2020 compared to $598.5 million in prior year. Net income for the year was $22.6 million compared to $24.9 million in the prior year. #

E-commerce net sales increased 9.7 per cent over the year representing 15.9 per cent of total net sales of Tilly’s.

 

Tilly's, a US-based leading, destination specialty retailer of casual apparel, footwear and accessories, posted 3.5 per cent increase in its net sales to $619.3 million in fiscal 2019, ended on February 1, 2020 compared to $598.5 million in prior year. Net income for the year was $22.6 million compared to $24.9 million in the prior year. #

"Comparable store net sales are off to a positive start thus far in the first quarter of fiscal 2020. However, due to the uncertainty of the potential near-term impacts of the coronavirus situation, we are unable to provide specific earnings guidance at this time,” Thomas said while talking about the future outlook.