Tilly's Q3 Earnings: Mixed Results Amidst Apparel Retail Upturn

Tillys, a young adult apparel retailer, is set to release their latest financial results this Wednesday. Despite a seven point one percent revenue decline last quarter, they surprised positively with earnings per share. Analysts predict a four point six percent revenue drop this quarter, with an expected adjusted loss of thirty cents per share. Tillys has missed revenue predictions only twice since going public. In contrast, competitors like Urban Outfitters and Gap reported positive results, leading to a five point two percent average share price increase in the apparel retail sector. Tillys, however, has seen a slight dip of one point three percent. With an average analyst price target of two dollars and twenty-five cents, Tillys current share price of one dollar and forty-eight cents suggests potential for growth.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.