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what it is
Tilly's sells casual clothes, shoes, accessories, and skate-surf gear through 230 stores and its website.
how it gets paid
Last year S made $570M in revenue. apparel was the main engine at $313.5M, or 55% of sales.
what just happened
Tilly's posted $155.1M in quarterly revenue and $0.10 EPS, flipping back to profit in the latest reported quarter.
At a glance
C balance sheet — red flag territory — real financial stress
20/100 earnings predictability — expect surprises
5.5% return on capital — nothing to write home about
-$1.54 fy2024 eps est
$570M fy2024 rev est
xvary composite: 25/100 — weak
What they do
Tilly's sells casual clothes, shoes, accessories, and skate-surf gear through 230 stores and its website.
Tilly's wins when your shopping trip is about a full vibe, not one item. It sells apparel, shoes, accessories, and hard-goods in one place across 230 stores in 33 states, plus tillys.com. That mix gives you one basket for hoodies, Vans, sunglasses, and a skateboard, which is harder to copy than a single-product store.
How they make money
$570M
annual revenue
apparel
$313.5M
footwear
$114.0M
accessories
$96.9M
hard-goods
$45.6M
The products that matter
operates and sells through stores
Physical Stores
240+ locations
this is still the center of the business, contributing roughly $~400M of the $570M annual revenue base. if store traffic weakens, the whole income statement feels it.
~70% of sales
sells directly online
E-commerce
$~170M
online is the smaller channel, but it grew 5.3% while the total business shrank 8.6%. that is one of the few numbers on this page pointing the right way.
~30% of sales
youth apparel and accessories assortment
Apparel and accessories mix
33.2% q4 gross margin
the merchandise is not unique, so pricing power is limited. gross margin reached 33.2% last quarter after a 470 basis point improvement, which tells you discounting eased and product economics improved.
margin watch
Key numbers
$1.54
fy2024 eps est
EPS → profit per share → so what: the business is still projected to lose $1.54 a share for the year, which keeps the turnaround in prove-it mode.
$121M
long-term debt
Debt equals 60% of capital, which means a weak season hurts you faster than it would at a cleaner retailer.
3.8%
operating margin
Operating margin → profit after running the business → so what: Tilly's does not have much room for markdowns or traffic misses.
230
store count
A 230-store base gives the brand reach, but it also locks in rent and labor costs that e-commerce-only rivals do not carry.
Financial health
C
strength
- balance sheet grade C — very weak — significant financial distress
- risk rank 5 — safer than 5% of stocks
- price stability 10 / 100
- long-term debt $121M (60% of capital)
C — balance sheet grade and long-term debt are flagged. this stock carries more risk than average.
Total return vs. market
Return history isn't available for TLYS right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Tilly's posted $155.1M in quarterly revenue and $0.10 EPS, flipping back to profit in the latest reported quarter.
Gross margin reached 33.2%, up from 26.0% a year earlier based on web-reported earnings coverage. That says the quarter was driven by better merchandise margins, not just cost cutting.
$155.1M
revenue
$0.10
eps
33.2%
gross margin
the number that mattered
33.2% gross margin mattered most. Gross margin → money left after product costs → so what: that is what turned a weak retailer story into a real quarter.
source: company earnings report, 2026
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What could go wrong
the #1 risk is a margin-driven q4 that fails to repeat while q1 stays loss-making.
high
q1 loss guidance
management guided to a q1 EPS loss between $0.34 and $0.27. if that lands as guided, you are back to owning a business that produced one profitable quarter between losses.
a stock that just rallied about 50% on one quarter can give back a lot of that move if the next print goes red again.
high
balance sheet stress
long-term debt is $121M, or 60% of total capital, against an $82M market cap. that is a lot of financial weight for a retailer still proving it can earn consistently.
debt limits room for error. it absorbs cash, narrows strategic options, and makes a soft selling season hurt more.
med
margin snapback
gross margin reached 33.2% after a 470 basis point improvement. if markdowns return or the merchandise mix worsens, the profit surprise disappears with it.
this is the operating number doing the most work on the page. lower margin would hit earnings faster than a small revenue miss.
low
thin evidence set
the bullish case rests on one quarter, one margin improvement, and early turnaround messaging under a new CEO appointed august 18, 2025.
until you see this work for more than one quarter, the recovery story stays provisional.
$121M of long-term debt, q1 EPS guidance of ($0.34)–($0.27), and a market cap of about $82M mean the q4 surprise improved sentiment far more than it improved the risk profile.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
gross margin
33.2% was the quarter's hero number. if that retreats, the profit story retreats with it.
calendar
q1 fy2026 earnings report
expected late may or early june 2026. this is the first real test of whether q4 was a beginning or a detour.
trend
comparable sales target
management is pointing to 16%–22% comp growth for q1. if results land far below that, the turnaround case gets thinner fast.
risk
new product push under the new CEO
management plans 50% more new products in 2026. that is either fresher demand or fresher inventory risk depending on execution.
Analyst rankings
earnings predictability
20 / 100
in human-speak, analysts do not trust the earnings stream yet. expect revisions, volatility, and very little forgiveness after a miss.
risk rank
5
safer than 5% of stocks means riskier than almost everything else you could buy. that is the trade when you own a fragile turnaround.
price stability
10 / 100
this stock does not trade like a steady compounder. at 10 / 100 stability, you should expect violent moves in both directions.
source: institutional data
Institutional activity
institutional ownership data for TLYS is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$2
current price
n/a
target midpoint · n/a from current
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