Tilly’s, a leading destination specialty retailer of West Coast inspired apparel, footwear and accessories with an extensive assortment of the most relevant and sought-after brands rooted in action sports, music, art and fashion, has announced its third quarter results.
During the third quarter, total net sales of the retailer stood at US $ 152.1 million, up 7.3 per cent from US $ 141.7 million in the same period last year. Its operating income was US $ 10.7 million compared to US $ 5.4 million last year, while net income was US $ 6.4 million compared to US $ 2.8 million in the third quarter of 2015.
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Additionally, in the first nine months of the year Tilly’s reported total net sales of US $ 408.7 million, marking an increase of 4.3 per cent from US $ 391.9 million last year. Operating income was US $ 8.9 million in the reporting quarter as against US $ 8.6 million in 2015. Net income was US $ 5.1 million compared to US $ 4.7 million last year.
“We are encouraged by the 4.4 per cent comp increase we delivered in the third quarter on top of last year’s 3.9 per cent increase. A promising Black Friday weekend and Cyber Monday have us off to a decent start to the fourth quarter, and we believe our merchandise assortment is well positioned for the holiday season. We remain focused on improving profitability for the long term,” averred Ed Thomas, President and Chief Executive Officer.
