Tilly's, a US-based destination specialty retailer of casual apparel and footwear, reported 3.2 per cent sales growth to $177.9 million in its fourth quarter (Q4) FY20 ended on January 30, 2021 compared to sales of $172.5 million in the same period previous fiscal. The company’s net income for the quarter rose to $8.9 million (Q4 FY19: $6.3 million).
Tilly's, a US-based destination specialty retailer of casual apparel and footwear, reported 3.2 per cent sales growth to $177.9 million in its fourth quarter (Q4) FY20 ended on January 30, 2021 compared to sales of $172.5 million in the same period previous fiscal. The company's net income for the quarter rose to $8.9 million (Q4 FY19: $6.3 million).#
Gross profit for the quarter was $58.2 million ($52.1 million). Selling, general and administrative expenses were $44.1 million ($43.6 million). Tilly's operating income during Q4 increased to $8.9 million ($6.3 million).
Tilly's, a US-based destination specialty retailer of casual apparel and footwear, reported 3.2 per cent sales growth to $177.9 million in its fourth quarter (Q4) FY20 ended on January 30, 2021 compared to sales of $172.5 million in the same period previous fiscal. The company's net income for the quarter rose to $8.9 million (Q4 FY19: $6.3 million).#
“Finishing such a challenging year with a positive fourth quarter comp, a significantly stronger e-com business, and improved earnings per share compared to last year's fourth quarter, along with a strong, debt-free balance sheet was a remarkable accomplishment,” Ed Thomas, president and chief executive officer at Tilly's, said in a press release.
Tilly's, a US-based destination specialty retailer of casual apparel and footwear, reported 3.2 per cent sales growth to $177.9 million in its fourth quarter (Q4) FY20 ended on January 30, 2021 compared to sales of $172.5 million in the same period previous fiscal. The company's net income for the quarter rose to $8.9 million (Q4 FY19: $6.3 million).#
Company’s sales from physical stores during Q4 FY20 dipped 12 per cent to $122.5 million (139.2 million). Whereas, e-commerce sales jumped 66.5 per cent to $55.4 million ($33.3 million).
Fibre2Fashion News Desk (JL)
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