Tilly's, Inc. announced its financial results for the first quarter of fiscal 2025, which ended on May 3, 2025. The company reported net sales of $107.611 million, a 7.1% decrease compared to $115.856 million in the first quarter of fiscal 2024. Despite the year-over-year decline, comparable net sales showed a sequential improvement in trend compared to the fourth quarter of fiscal 2024.
The net loss for the quarter widened to $22.152 million, or $0.74 per share, compared to a net loss of $19.621 million, or $0.65 per share, in the prior year's first quarter. Gross profit was $21.285 million, representing 19.8% of net sales, with product margins improving by 40 basis points, though offset by deleveraging in buying, distribution, and occupancy costs.
As of May 3, 2025, Tilly's maintained $37.2 million in cash, cash equivalents, and marketable securities, along with $55.4 million in available borrowing capacity. The company ended the quarter with 238 stores. For the second quarter of fiscal 2025, Tilly's anticipates net sales between $150 million and $158 million, with an expected net loss of $0.09 per share to a net income of $0.07 per share, indicating a potential return to profitability.
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