Tilly's Q1 Profit Meets Estimate; Issues Q2 Earnings Outlook - Quick Facts

(RTTNews) - Tilly's, Inc. (TLYS) Wednesday reported first-quarter profit of $591 thousand or $0.02 per share, compared to $2.3 million or $0.08 per share in the same period last year.

On average, nine analysts polled by Thomson Reuters expected the company to earn $0.02 per share for the quarter. Analysts' estimates typically exclude special items.

Sales rose 1.8 percent to $111.13 million from $109.12 million last year, while nine analysts expected sales of $113.22 million. Comparable store sales dropped 6.8 percent year-over-year.

Looking ahead to the second quarter, the company has forecast earnings in the order of $0.03 to $0.07 per share. Analysts currently expect second-quarter earnings of $0.13 per share.