Tilly's Q1 turnaround: sales +16%, comp +23%, operating loss narrows 1,460 bps to -6.5%

Filed June 4, 2026 · Period ending May 2, 2026 · Compared to 10-Q Jun 5, 2025 · ~1 min read

Key Changes

• high

  Net sales rose 15.9% to $124.7M with comparable sales up 22.9% (stores +20.8%, e-com +30.9%), reversing prior-year declines of -7.1% and -7.0% respectively.

  MD&A: Net Sales Growth verify on EDGAR →
• high

  Gross margin expanded 910 basis points to 28.9% as fresher inventory drove product margins to 56.6% (up 400 bps) and occupancy leverage added 520 bps.

  MD&A: Gross Profit Margin verify on EDGAR →
• high

  Operating loss narrowed from 21.1% to 6.5% of sales ($22.7M to $8.1M), cutting net loss per share 65% from $0.74 to $0.26.

  MD&A: Operating Loss & EPS verify on EDGAR →