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News Breaks
May 29, 2014
11:37 EDTZUMZ, PSUN, TLYSTilly's declines after revenue, profit outlook miss estimates
Shares of West Coast apparel, footwear and accessory retailer Tilly's (TLYS) are falling after the company reported a decline in its first quarter same-store sales and lower than expected earnings guidance for the new quarter. WHAT'S NEW: Tilly's reported Q1 earnings per share of 2c, which matched analysts' consensus prediction. The company's revenue for the quarter amounted to $111.1M, which missed expectations of $113.22M. Same-store-sale for the retailer in the quarter were down 6.8%. Tilly's also noted that it expects second quarter earnings per share of 3c-7c, while analysts had guided to 13c per share. Tilly's said that it foresees second quarter same-store sales to be down in the high single digits. WHAT'S NOTABLE: During the company's Q1 earnings conference call, Tilly's said that it is starting the second quarter with inventory "well positioned" at down 4.5% on a per square foot basis. The company said that it is planning inventory per square foot to be down slightly by the end of Q2 compared to the same period last year. The retailer is on track to open at least 18 new stores during the rest of the year and it is on track with its outlet plans as well, it noted. Tilly's said that during the first quarter, the harsh winter weather that other retailers experienced was not a "meaningful influencer" for them, explaining that it has a large concentration of stores that were not adversely affected by the weather. OTHERS TO WATCH: Competitors to Tilly's include Pacific Sunwear (PSUN) and Zumiez (ZUMZ). PRICE ACTION: During late-morning trading, shares of Tilly's fell $1.76 or 16.6%, to $8.82. Over the last year, the stock has dropped about 47%.
News For TLYS;PSUN;ZUMZ From The Last 14 Days
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March 25, 2015
18:33 EDTPSUNOn The Fly: After Hours Movers
UP AFTER EARNINGS: Red Hat (RHT), up 4.6%... Five Below (FIVE), up 5.5%. ALSO HIGHER: Pernix Therapeutics (PTX), up 2.4% after being initiated with an Outperform at Oppenheimer. DOWN AFTER EARNINGS: Verint Systems (VRNT), down 2.3%... Pacific Sunwear (PSUN), down 5.9%. ALSO LOWER: Sucampo (SCMP), down 9.5% after filing to sell Class A common stock for holders... FutureFuel (FF) down 8% after "significant adverse impact" of P&G pact termination... Genesee & Wyoming (GWR), down 1.3% after lowering first quarter revenue guidance.
16:03 EDTPSUNPacific Sunwear sees Q1 adjusted EPS (14c)-(11c), consensus (8c)
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16:01 EDTPSUNPacific Sunwear reports Q4 adjusted EPS (10c), consensus (11c)
Reports Q4 revenue $231.6M, consensus $229.49M. Comparable store sales for the fourth quarter of fiscal 2014 increased 6%.
15:34 EDTPSUNNotable companies reporting after market close
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March 18, 2015
18:32 EDTTLYSOn The Fly: After Hours Movers
UP AFTER EARNINGS: Guess (GES), up 12.4% after reporting fourth quarter results and guidance... Shoe Carnival (SCVL), up 10%... NQ Mobile (NQ), up 9.1%... Tilly's (TLYS), up 1.3%... Cintas (CTAS), up 1.3% after reporting quarterly results and raising fiscal 2015 guidance. DOWN AFTER EARNINGS: Williams-Sonoma (WSM), down 4.1%... Jabil Circuit (JBL), down 1.8%... Juno Therapeutics (JUNO), down 3.3%. ALSO LOWER: Concert Pharmaceuticals (CNCE), down 4.4% after filing to sell common stock... Tekmira Pharmaceuticals (TKMR), down 3.7% after filing to sell 6M shares of common stock.
16:04 EDTTLYSTilly's sees Q1 EPS 3c-5c, consensus 4c
Sees Q1 SSS up in the low single digits.
16:03 EDTTLYSTilly's reports Q4 EPS 25c, consensus 22c
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