Tilly’s, Inc. (TLYS) experienced an incline of 6.38% in the pre-market following the announcement of third-quarter results. However, the last trading session concluded at $14.43 with an increase of 1.33%.
Third Quarter Results in 2021 by TLYS – Latest Updates
TLYS reported third-quarter results in 2021 on 2nd December 2021. The report says that total net sales were $206.1 million. Physical store net sales increased by $60.7 million owing to a much more routine back-to-school season this year, which was devoid of pandemic-related closures. Not only this, but the company has 243 total stores at the end of the third quarter this year, compared to 238 at the same time the previous year.
When compared to last year’s $35.7 million, e-commerce net sales increased by $5.1 million, or 14.3 percent. Gross profit was $76.7 million, $40.7 million more than that of the previous year. In addition, the SG&A expenditures were $47.7 million compared to $37.1 million the previous year. Last but not least, the large rise in net sales caused the operating income to increase to $29.0 million as compared to $3.5 million.
What’s Next?
So far, fiscal 2021 has been a record-breaking year for TLYS, which attributes to the great product selection, an improved consumer purchasing climate, and the whole team’s hard work and devotion.
Moreover, net sales and profits per share have both set new highs in each of the first three quarters. The fourth quarter is off to a solid start, and despite the perceived obstacles, the company is confident about the investment opportunities for the rest of fiscal 2021 and into fiscal 2022.
New Appointments by TLYS – What’s going on?
On 20th October 2021, TLYS announced the appointment of Teresa L. Aragones and Erin M. Chin to the company. Ms. Aragones has a combined 25 years of expertise in digital and brand marketing. She is the Chief Marketing Officer for Discord, a popular online chat service for teenagers. Prior to joining Discord, she worked as the Chief Marketing Officer at Visual Supply Company, a mobile picture software company. She formerly worked at Nike and Volkswagen as a Director of Marketing.
Ms. Chin also has a lot of expertise in building and managing lifestyle brands. She presently works at Logitech as the Chief Marketing Officer for the Streamers & Creators division. She formerly worked as the Senior Brand Marketing Director for PepsiCo’s Mountain Dew brand. Furthermore, Ms. Chin started her career at Goldman Sachs as an investment banker in the information and communication sector.
