Tilly’s, Inc. said that based on the results for the holiday period, the company now expects
fourth quarter comparable store sales to increase 1.0 percent to 3.0
percent, and net income per diluted share to be in the range of 21 to 23 cents a share, an increase from the previously issued guidance of comparable
stores sales flat to negative low single digits and net income per
diluted share of 15 to 19 cents.
The update was made in conjunction with the company's attendance at the 17th Annual ICR XChange Conference in Orlando, Florida on January 13, 2015.
The updated outlook assumes an anticipated effective tax rate of
approximately 40 percent and a weighted average diluted share count of
28.1 million shares. Fourth quarter 2013 net income per diluted share
was $0.19, based on a weighted average diluted share count of 28.2
Daniel Griesemer, President and Chief Executive Officer, commented, “We are pleased with our performance over the Holiday Period reflecting further progress on our initiatives to increase sales and profitability. Strength in the peak selling days drove comparable store sales ahead of our expectations. We maintained healthy product margins and effectively managed our inventory to exit this period as planned.”