Tilly’s reports Q3 EPS (3c), consensus (7c)

Reports Q3 revenue $166.5M, consensus $167.98M. Total comparable net sales, including both physical stores and e-commerce, decreased by 9.0%. “Our third quarter results represent a sequential improvement over the first and second quarters of the fiscal year. We continue to work towards protecting product margins, managing inventories and controlling operating expenses amid a continuing difficult economic environment, particularly for our young customer demographic,” commented Ed Thomas, President and Chief Executive Officer. “Although more promotionally driven than in years past, we were pleased to produce comparable net sales growth compared to last year over Black Friday weekend.”