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9M net sales rise 7.2% at Tilly's
Dec '15
Tilly's Inc, a US based specialty retailer for action sporting goods like apparel, shoes and accessories, reported a rise of 7.2 per cent in its net sales in the first nine months of fiscal 2015, ending on October 31, according to a press statement issued by the company.

The net sales for first nine months of fiscal 2015 stood at $392 million at Tilly's, as compared to $365 million in the corresponding period last fiscal.

Net income for the first nine months of fiscal 2015 was $4.7 million or $0.16 per diluted share as compared to $7 million or $0.25 per diluted share in the corresponding period last fiscal, including the non-comparable charges and tax rate impact.

Gross profit for the nine months' period increased by 10.1 per cent - from $107 million to $117 million. Gross margin for the period increased to 29.9 per cent from 29.1 per cent.

Comparable store sales, which include e-commerce sales, increased 2.1 per cent.

Giving out the expectations of the company from the fiscal year, Ed Thomas, president and CEO of Tilly's said, “We expect to end the fiscal year with appropriate inventory levels while maintaining healthy product margins in the fourth quarter.”

“We will make decisions with a long-term view, but with a sense of urgency to begin driving better results as soon as possible,” he added.

The company expects to end the fiscal year with 224 total stores. (MCJ)

Fibre2Fashion News Desk – India

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