NEW YORK (TheStreet) -- Tilly's (TLYS) plunged to a one-year low of $7.96 on Thursday after the company reported lower-than-expected first-quarter earnings and issued guidance that missed analysts' expectations.
Tilly's reported earnings of 2 cents a share, in line with analysts' estimates. The company reported revenue of $111.1 million, which came up short of expectations of $113.22 million. Comparable-store sales declined 6.8% in the quarter.
The company issued second-quarter earnings guidance of 3 cents to 7 cents a share, while analysts expected 13 cents a share. Finally, Tilly's expects second-quarter comparable-store sales to decline in the high single digits.
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The stock was down 15.6% to $8.93 at 2:27 p.m.
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."
Highlights from the analysis by TheStreet Ratings Team goes as follows: