Tilly's Beats Expectations, Stock Surges

Tillys, a young adult apparel retailer, reported mixed Q3 earnings. Despite slightly lower revenue than last year, they surpassed Wall Streets expectations. The company also provided a positive outlook for Q4, with higher-than-predicted revenue guidance. This optimism, along with a strong beat on earnings per share, led to a significant stock price increase. While Tillys closed some stores, their same-store sales saw a two percent increase, indicating improved performance at existing locations. Overall, the quarter showed potential momentum for the retailer, despite the mixed results.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.