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TheStreet Open House

Why Tilly's Inc (TLYS) Stock Is Tumbling After Hours

NEW YORK (TheStreet) -- Tilly's Inc (TLYS) stock is tanking in post-market trading after missing revenue expectations in its first quarter and guiding for below-consensus earnings in its current quarter. 

After the bell, shares were 23.2% lower to $8.10.

Over the three months to April, the retailer earned 2 cents a share, inline with analysts' estimates, and revenue of $111.13 million. Analysts surveyed by Thomson Reuters expected $113.22 million. Comparable-store sales decreased 6.8%. 

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"Earnings results were in line with our expectations and reflect the continuation of a tough retail environment and the planned reduction in our clearance merchandise, which put pressure on our comparable store sales," said CEO Daniel Griesemer in a statement. 

For its second quarter, management guides for comparable-store sales to decline in the high single digits with net income between 3 cents and 7 cents a share. Analysts forecast 13 cents a share in profits. 

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Separately, TheStreet Ratings team rates TILLY'S INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

"We rate TILLY'S INC (TLYS) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."

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