Tilly’s Inc. (NYSE:TLYS) shares are trending on Wednesday night.
TLYS rocketed 80.9% in after-hours trading on Tuesday to $2.95 after the California-based retailer reported its first profitable fourth quarter since fiscal 2021.
What Does Q4 Results Say
Tilly’s reported fourth-quarter net income of $2.9 million, or 10 cents per diluted share, rebounding from a $13.7 million loss a year earlier. It marks a 55-cent-per-share turnaround.
Total comparable net sales, which measure revenue from established long-term retail locations or channels compared with the same period last year, surged 10.1%, with physical store comps up 10.3% and e-commerce comps rising 9.8%.
The company’s selling, general, and administrative expenses also dropped $3.5 million from last year to …