Tilly's Q4 2023 net sales decreased 4.1% to $173.0 million due to inflationary pressures, credit card debt, and consumer shift.
Tilly's (TLYS) reported a Q4 2023 net sales decrease of 4.1% to $173.0 million, affected by inflationary pressures, credit card debt, and consumer shift. The company is focusing on sales increases with healthy margins, launching new brands and collaborations, and refining marketing efforts. Despite e-commerce net sales increasing by 4.7%, physical stores saw a 7.0% decline. Tilly's anticipates challenging fiscal 2024, with a significant decrease in comparable net sales and a projected loss per share for Q1.
March 14, 2024
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