Tilly’s today raised its earnings guidance for the fourth quarter after product margins and expense management came in better than expected.
The company said same-store sales, including e-commerce, rose slightly at 0.1%, within its estimate of flat to up 2%.
Tilly’s also declared a special dividend of 70 cents per share, the first time the company has granted a dividend to shareholders since going public.
Tilly’s now expects Q4 operating income to range from $10 million to $10.5 million, higher than the previous estimate of $7.5 million to $9.5 million.
Earnings per share should range from 21 cents to 22 cents. Previously the company had forecast EPS of 15 cents to 20 cents.
