Tilly’s is the latest industry retailer to report better-than-forecasted holiday sales.
The company said this week that sales and profits came in above expectations during the holiday period.
CEO Daniel Griesemer said strength during peak selling days drove better than expected comp sales. Tilly’s also ended the holiday period with healthy product margins and clean inventory, he said.
Unlike many other retailers, Tilly’s did not detail its specific same-store sales number during the holiday period.
As a result of the strong holiday results, the company raised its Q4 same-store sales guidance.
Tilly’s now expects Q4 same store sales to range from up 1% to 3% vs. the previous forecast of flat to down in the low single digits.
Earnings per share should range from 21 cents to 23 cents vs. the previous forecast of 15 cents to 19 cents.
Tilly’s operates 212 stores.
