Tilly’s, Inc. announced financial results for the third quarter of fiscal 2013 ended November 2, 2013.
Tilly's, Inc. announced financial results for the third quarter of fiscal 2013 ended November 2, 2013.“During the third quarter we achieved quality#
Tilly's, Inc. announced financial results for the third quarter of fiscal 2013 ended November 2, 2013.“During the third quarter we achieved quality#
For the third quarter ended November 2, 2013:
Tilly's, Inc. announced financial results for the third quarter of fiscal 2013 ended November 2, 2013.“During the third quarter we achieved quality#
-Total net sales were $123.8 million, a decrease of 0.9% compared to $124.9 million in the third quarter of 2012, and reflect sales that shifted into the second quarter from the third quarter when compared to the 2012 fiscal calendar.
-Comparable store sales, which include e-commerce sales, decreased 2.4% compared to the third quarter of 2012. E-commerce sales were $13.3 million, an increase of 3.0% compared to the third quarter of 2012.
-Gross profit was $38.2 million compared to $41.8 million in the third quarter of 2012. Gross margin was 30.9% compared to 33.5% in the third quarter of 2012.
-Operating income was $10.2 million compared to $13.9 million in the third quarter of 2012.
-Net income was $6.1 million, or $0.22 per diluted share, based on a weighted average diluted share count of 28.2 million shares. This compares to net income in the third quarter of 2012 of $9.3 million, or $0.33 per diluted share, based on a weighted average diluted share count of 28.1 million shares. Applying the expected long-term effective tax rate of 40%, adjusted net income in the third quarter of 2012 was $8.3 million, or $0.30 per diluted share.
-At the conclusion of this press release is a reconciliation of non-GAAP results to GAAP results.
Tilly's, Inc. announced financial results for the third quarter of fiscal 2013 ended November 2, 2013.“During the third quarter we achieved quality#
For the thirty-nine weeks ended November 2, 2013:
Tilly's, Inc. announced financial results for the third quarter of fiscal 2013 ended November 2, 2013.“During the third quarter we achieved quality#
-Total net sales were $355.9 million, an increase of 9.0% compared to the first three quarters of the prior year.
-Comparable store sales, which include e-commerce sales, decreased 0.7% compared to the first three quarters of 2012. E-commerce sales were $38.7 million, an increase of 14.9% compared to the first three quarters of 2012.
-Gross profit increased 5.0% to $108.5 million. Gross margin was 30.5% compared to 31.7% in the prior year period.
-Operating income was $21.3 million. This compares to operating income of $16.6 million in the first three quarters of 2012, 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.
-Net income was $12.7 million, or $0.45 per diluted share, based on a weighted average diluted share count of 28.1 million shares. This compares to net income in the first three quarters of 2012 of $14.1 million, or $0.55 per diluted share, based on a weighted average diluted share count of 25.4 million shares. Adjusting for non-cash stock-based compensation charges and applying the expected long-term effective tax rate of 40%, adjusted net income was $14.1 million, or $0.55 per diluted share, in the first three quarters of 2012.
-At the conclusion of this press release is a reconciliation of non-GAAP results to GAAP results.
Tilly's, Inc. announced financial results for the third quarter of fiscal 2013 ended November 2, 2013.“During the third quarter we achieved quality#
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