Tilly's, Inc. released its financial results for the fourth quarter of fiscal 2024, which concluded on February 1, 2025. The company reported net sales of $147.288 million, a 14.9% decrease compared to $173.020 million in the fourth quarter of fiscal 2023. For the full fiscal year 2024, net sales were $569.453 million, down 8.6% from $623.083 million in fiscal 2023.
The net loss for the fourth quarter was $13.664 million, or $0.45 per share, an improvement from the $20.552 million net loss, or $0.69 per share, in the prior year's fourth quarter. However, the full fiscal year 2024 saw a wider net loss of $46.229 million, or $1.54 per share, compared to $34.492 million, or $1.16 per share, in fiscal 2023. Gross profit in Q4 was $38.267 million, or 26.0% of net sales.
As of February 1, 2025, Tilly's maintained $46.7 million in cash, cash equivalents, and marketable securities, along with $48.0 million in available borrowing capacity. The company ended the quarter with 240 stores. For the first quarter of fiscal 2025, Tilly's anticipates net sales between $105 million and $109 million, with an expected net loss per share ranging from $0.75 to $0.65.
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