Tilly's, Inc. (TLYS)
🔔 Watch stock
symbol.quality_heading
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
The turnaround has a date and a number: for the quarter ending August 1, 2026 Tilly's itself guides to $3.8 million to $6.0 million of net income and $0.13 to $0.20 per share, on net sales of $154 million to $160 million and comparable sales growth of 6 to 10 percent; the report is expected on September 2, 2026. Anyone waiting should then check three things: do comparable sales hold above 6 percent once the base is higher? Does product margin stay above 56 percent? And does the share count grow beyond the 30,488,420 of June 2, 2026? The low valuation rewards patience; the control and dilution picture is why patience here is not automatic. The decision is yours.
symbol.quality_note
One number is enough to make a stock look like a turnaround: comparable net sales up 22.9 percent in the first quarter of fiscal 2026. The quarterly report to the U.S. securities regulator, the SEC, supplies the second half of that sentence right away — it was measured against a prior-year quarter that was down 7.0 percent, and despite the jump the company still lost $8.0 million. Its own outlook for the current quarter calls for only 6 to 10 percent. Add rent paid to companies owned by the two co-founders ($4.3 million in fiscal 2025), 75.9 percent of the voting power in two pairs of hands holding about 24 percent of the equity, and 2,500,000 newly registered employee shares in June 2026. Not investment advice — just the question of how much turnaround fits inside a single percentage.
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Stock Watch
This analysis is as of July 25, 2026. Stock Watch will tell you what's changed at TLYS since then.
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Appears in These Scanners
This stock currently matches 7 of our scanner strategies — each hit links to the scanner.
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Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 3.80 $ — 61% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
AI Rating
NeutralIn den sechs geprüften SEC-Berichten steht genau eine KI-Nennung — die für das Geschäftsjahr 2026 angekündigte Umstellung des Warennachschub- und Verteilsystems auf eine Plattform mit künstlicher Intelligenz; ein laufender KI-Einsatz oder gar KI-Umsatz ist nirgends belegt.
View the full file — quotes, sources, reviewed filings
„In fiscal 2026, we intend to update our existing merchandise replenishment and allocation system with a more sophisticated platform that utilizes artificial intelligence to create more accurate forecasts to drive improved sales and product margins across our business."
Im Geschäftsjahr 2026 beabsichtigen wir, unser bestehendes System für Warennachschub und Warenverteilung auf eine anspruchsvollere Plattform umzustellen, die künstliche Intelligenz nutzt, um genauere Prognosen zu erstellen und damit Umsatz und Produktmargen im gesamten Geschäft zu verbessern.
Filings Reviewed: 10-Q 2026-06-04 · 10-Q 2025-12-04 · 10-Q 2025-09-04 · 10-Q 2025-06-05 · 10-K 2026-04-09 · 10-K 2025-04-10
Rated on July 25, 2026 · How the Rating Is Built
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Analysts & Price Target
The price target sits 44.7% above the current price.
- Consensus
- Hold
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Next Reporting Date
- Expected Earnings per Share
- 0.17 $
Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
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· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q3 | 0.00 | 92.30 | 163 | 1.80 | 0.00 | 11 | 8 |
| 2024: Q4 | -0.43 | -1,333.30 | 143 | -13.80 | -9.00 | -23 | -25 |
| 2025: Q1 | -0.45 | -164.70 | 147 | -14.90 | -9.30 | -4 | -5 |
| 2025: Q2 | -0.74 | -54.20 | 108 | -7.10 | -20.60 | -8 | -10 |
| 2025: Q3 | 0.10 | 4,447.80 | 151 | -7.10 | 2.10 | 14 | 13 |
| 2025: Q4 | -0.05 | 88.40 | 140 | -2.70 | -1.00 | -10 | -12 |
| 2026: Q1 | 0.10 | 122.20 | 155 | 5.30 | 1.90 | 9 | 7 |
| 2026: Q2 | -0.26 | 64.90 | 125 | 15.90 | -6.40 | -4 | -5 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Assessment: Opportunities & Risks
The improvement is broad and documented across several quarters: first-quarter gross margin of 28.9 percent instead of 19.8 percent, product margin of 56.6 percent instead of 52.6 percent, and the operating loss cut from $22.7 million to $8.1 million. The holiday quarter, at $2.9 million of net income, was the first profitable fourth quarter since fiscal 2021.
The 22.9 percent comparable sales figure sits on a prior-year quarter of minus 7.0 percent; compounded over two years, roughly 14.3 percent remains. The jump is already shrinking: 8.3 percent in fiscal May 2026 and 6 to 10 percent in the company's own outlook for the quarter ending August 1, 2026. Total net sales have fallen for four straight years — $553.6 million in fiscal 2025 against $775.7 million in 2021.
No borrowings drawn, $41.1 million in cash and marketable securities, $50.7 million of available credit maturing only in September 2028 — $91.8 million of total liquidity as of May 2, 2026. Against that stand $175.9 million of operating lease liabilities and equity of $77.8 million, which fell $7.4 million during the quarter; the accumulated deficit is $99.6 million.
The founders' Class B shares carry ten votes each: 75.9 percent of the voting power on about 24 percent of the equity (record date April 17, 2026). Add $4.3 million of fiscal 2025 rent paid to companies owned by those same founders, with a contractual escalator and $16.8 million of remaining commitments. A change of control against the founders' wishes is effectively impossible.
On June 26, 2026, Tilly's registered 2,500,000 new Class A shares for the equity plan approved on June 10, 2026 — 8.2 percent of the 30,488,420 shares outstanding. The plan authorizes 11,113,900 shares in total since 2012. Share-based compensation expense in the first quarter of fiscal 2026 was $0.5 million.
Market value of roughly $115 million to $132 million (data as of July 24, 2026, and the $4.3150 filing price of June 25, 2026) equals about 0.21 to 0.24 times annual sales and a price-to-book ratio of roughly 1.5. For a store base generating $553.6 million of annual sales with no bank debt, that is a low order of magnitude — the price of an absent profit.
Tilly's is the base trap in its purest form: the 22.9 percent comparable sales growth in the first quarter of fiscal 2026 is real and filed — but it was measured against a prior-year quarter of minus 7.0 percent, compounded over two years roughly 14.3 percent remains, and the quarter still ended with an $8.0 million loss. The operating repair is visible (gross margin 28.9 percent instead of 19.8 percent, the first profitable holiday quarter since fiscal 2021), yet annual net sales have fallen for four straight years and the company's own outlook calls for only 6 to 10 percent this quarter. Add 75.9 percent of the votes in two pairs of hands, $4.3 million of annual rent paid to the founders and 2.5 million new plan shares. Not investment advice.
- Tilly's landed on the research list at rank 9 in our in-house Big Earnings Surprise ranking (U.S. selection, as of July 25, 2026, relative strength rating 95). The lists are recomputed daily — today's rank is not tomorrow's rank. Earnings per share beat the estimate in four consecutive quarters; that measures the distance to the estimate, not the distance to breakeven.
- Calendar trap: the fiscal year ends on the Saturday closest to January 31. "Fiscal 2025" means the 52 weeks ended January 31, 2026, and fiscal 2026 ends January 30, 2027; fiscal 2023 contained 53 weeks. The first quarter is seasonally the weakest — back-to-school and the holidays fall in the third and fourth quarters, so a quarterly loss must not be multiplied by four.
- Valuation figures are dated and evergreen: market value roughly $115 million to $132 million (data as of July 24, 2026, and share count times the $4.3150 price documented in the S-8 filing for June 25, 2026). Not to be confused: the aggregate market value of shares held by non-affiliates was $15,363,799 on August 1, 2025 — that is the free float, not the market capitalization.
About the Company
Tilly's, Inc. operates as a specialty retailer of casual apparel, footwear, accessories, and hardgoods for young men and women, boys, and girls in the United States. Its apparel merchandise comprising branded, fashion, and styles for tops, outerwear, bottoms, swim and dresses; and accessories merchandise consist of backpacks, hydration bottles, hats, sunglasses, handbags, watches, jewelry, and others. The company also provides third-party merchandise assortment across its various product categories. It sells its merchandise through its stores and e-commerce website, www.tillys.com. Tilly's, Inc. was founded in 1982 and is headquartered in Irvine, California.
| Employees | 1,314 |
|---|---|
| Headquarters | Irvine, CA |
| Website | tillys.com |
| IPO Date | 4. May 2012 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Hezy Shaked | Co-Founder, Executive Chairman & Chief Strategy Officer | 1955 |
| Nathan M. Smith | President, CEO & Director | 1970 |
| Michael L. Henry | Executive VP, CFO & Corporate Secretary | 1971 |
| Michael Joseph Cingolani | Executive VP & Chief Merchandising Officer | 1978 |
| Tilly Levine | Co-Founder | 1956 |
| Erik Quade | Chief Information Officer | – |
| Bobby Gascon | Vice President of Marketing & Innovation | – |
| Jaheida Sanchez | Vice President of Human Resources | – |
| Shelly Bueno-Johnson | Senior Vice President of Stores | 1970 |
| Robert Kim | Senior Vice President of Merchandise Planning & Allocation | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Chart
Interactive price chart (TradingView).
Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.