Tearsheet

Tilly's (TLYS)

Market Price (12/4/2025): $1.72 | Market Cap: $51.8 Mil
Sector: Consumer Discretionary | Industry: Apparel Retail

Tilly's (TLYS)

Market Price (12/4/2025): $1.72
Market Cap: $51.8 Mil
Sector: Consumer Discretionary
Industry: Apparel Retail

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -66%	Weak multi-year price returns 2Y Excs Rtn is -130%, 3Y Excs Rtn is -154%	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -48 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -8.8%
1	Megatrend and thematic drivers Megatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Direct-to-Consumer Brands, and Experiential Retail.	Meaningful short interest Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 14.16	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 308%
2			Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -11%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -8.7%, Rev Chg QQuarterly Revenue Change % is -7.1%
3			Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -3.8%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.8%
4			Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -114%
5			High stock price volatility Vol 12M is 105%

0	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -66%
1	Megatrend and thematic drivers Megatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Direct-to-Consumer Brands, and Experiential Retail.
2	Weak multi-year price returns 2Y Excs Rtn is -130%, 3Y Excs Rtn is -154%
3	Meaningful short interest Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 14.16
4	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -48 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -8.8%
5	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 308%
6	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -11%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -8.7%, Rev Chg QQuarterly Revenue Change % is -7.1%
7	Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -3.8%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.8%
8	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -114%
9	High stock price volatility Vol 12M is 105%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022
Share Price CYE	$1.72	$4.25	$7.54	$9.05
Market Cap CYE ($ Mil)	51.8	127.8	225.2	270.5
Total Debt ($ Mil)	178.6	193.9	231.6	242.0
Total Cash ($ Mil)	50.7	46.7	95.0	113.3
Enterprise Value ($ Mil)	179.7	321.7	456.8	512.5
Valuation Ratios
P/S TTM	0.1	0.2	0.4	0.4
P/EBIT TTM	-0.8	-2.6	-7.3	24.4
P/E TTM	-0.9	-2.8	-6.5	28.2
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.8
P/EBIT TTM (Sector)	7.6	8.0	7.8	6.3
P/E TTM (Sector)	10.4	11.1	10.7	8.4

	12/4/25	2024
Share Price CYE	$1.72	$4.25
Market Cap CYE ($ Mil)	51.8	127.8
Total Debt ($ Mil)	178.6	193.9
Total Cash ($ Mil)	50.7	46.7
Enterprise Value ($ Mil)	179.7	321.7
Valuation Ratios
P/S TTM	0.1	0.2
P/EBIT TTM	-0.8	-2.6
P/E TTM	-0.9	-2.8
Sector Ratios
P/S TTM (Sector)	0.8	0.8
P/EBIT TTM (Sector)	7.6	8.0
P/E TTM (Sector)	10.4	11.1

	TLYS	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	0.5
Rev Chg Q	-7.1%	7.1%
Rev Chg LTM	-11.1%	6.1%
Rev Chg 3Y Avg	-8.7%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	-0.0
CFO LTM ($ Bil)	-0.0
Net Inc LTM ($ Bil)	-0.0
Op Mgn LTM	-8.8%	18.8%
CFO/Rev LTM	-3.8%	20.5%
Net Inc Mgn	-8.3%	13.1%
VALUATION	VERY LOW
P/S	0.1	3.2
P/CFO	-1.9	15.8
P/FCF	-1.5	20.5
P/E	-0.9	23.5
STABILITY	POOR
Debt/Equity	4.50	0.20
Cash/Assets	0.15	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Number of Stores	232	8022025	Link
Comparable Net Sales Decrease	-5.5%	8022025	Link
E-commerce Net Sales as a Percentage of Total Net Sales	18.9%	8022025	Link
Proprietary Brands as a Percentage of Total Net Sales	32%	2032024	Link
Average Net Sales per Store	$1.9 million	2032024	Link
Average Net Sales per Square Foot	$267	2032024	Link
Average Store Size	7,300 square feet	2032024	Link

Upcoming
12/03/2025	Earnings Release	Rev: $139 Mil (A) vs. $136 Mil (E) EPS: -0.05 (A) vs. $-0.30 (E)
3/11/2026	Earnings Release	Rev: - EPS: -

TLYS Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

For Tilly's (TLYS), the approximate period from August 31, 2025, to December 4, 2025, saw the company report its fiscal third-quarter 2025 earnings on December 3, 2025. These results, which included a narrower-than-expected loss and positive comparable net sales growth, led to a significant surge in the stock price, with shares jumping between 13.9% and 26%. Therefore, a -8.6% stock movement for this specific timeframe is not indicated by the most recent available information. However, historical financial performance and ongoing challenges faced by Tilly's in the broader preceding periods could explain a negative stock movement of a similar magnitude. Key points for such a decline would typically include:

1. Declining Net Sales: Tilly's experienced a decrease in net sales in prior periods, with fiscal year 2024 revenue decreasing by 8.61% compared to the previous year. Total net sales in the third quarter of fiscal 2024 also decreased by 13.8% compared to the prior year.

2. Negative Operating and Net Margins: The company has faced operating losses and negative net margins in recent financial reports, reflecting operational inefficiencies and struggles to achieve consistent profitability. In Q3 2024, Tilly's reported an operating loss of $35.7 million and a net loss of $32.6 million.

3. Weak Comparable Store Sales: Prior to recent improvements, Tilly's had experienced declines in comparable store sales, indicating difficulties in driving sales growth from its existing store base and online platforms. Comparable net sales, including both physical stores and e-commerce, decreased by 3.4% in Q3 2024.

4. Challenging Retail Environment and Inflationary Pressures: Tilly's has operated within a challenging retail landscape, with inflation impacting the spending habits of its target demographic. The company acknowledged these macroeconomic headwinds in past earnings calls.

5. Strategic Store Closures: While often a strategy to improve efficiency, the planned and executed reduction in store count can sometimes signal a contraction in the business and may be viewed cautiously by investors if not accompanied by clear growth drivers elsewhere. Tilly's closed 11 stores by August 2025 as part of a planned 16 closures for fiscal 2025.

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Stock Movement Drivers

Fundamental Drivers

The -11.3% change in TLYS stock from 9/3/2025 to 12/3/2025 was primarily driven by a -9.4% change in the company's P/S Multiple.

	9032025	12032025	Change
Stock Price ($)	2.03	1.80	-11.33%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	561.21	549.60	-2.07%
P/S Multiple	0.11	0.10	-9.36%
Shares Outstanding (Mil)	30.06	30.09	-0.10%
Cumulative Contribution			-11.33%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
TLYS	-11.3%
Market (SPY)	6.2%	24.3%
Sector (XLY)	3.5%	29.1%

Fundamental Drivers

The 38.5% change in TLYS stock from 6/4/2025 to 12/3/2025 was primarily driven by a 43.6% change in the company's P/S Multiple.

	6042025	12032025	Change
Stock Price ($)	1.30	1.80	38.46%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	569.45	549.60	-3.49%
P/S Multiple	0.07	0.10	43.61%
Shares Outstanding (Mil)	30.06	30.09	-0.10%
Cumulative Contribution			38.46%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
TLYS	38.5%
Market (SPY)	15.1%	21.2%
Sector (XLY)	11.5%	18.5%

Fundamental Drivers

The -59.5% change in TLYS stock from 12/3/2024 to 12/3/2025 was primarily driven by a -54.3% change in the company's P/S Multiple.

	12032024	12032025	Change
Stock Price ($)	4.44	1.80	-59.46%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	618.22	549.60	-11.10%
P/S Multiple	0.22	0.10	-54.30%
Shares Outstanding (Mil)	30.03	30.09	-0.21%
Cumulative Contribution			-59.46%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
TLYS	-59.5%
Market (SPY)	14.3%	16.1%
Sector (XLY)	7.4%	15.6%

Fundamental Drivers

The -81.8% change in TLYS stock from 12/4/2022 to 12/3/2025 was primarily driven by a -75.9% change in the company's P/S Multiple.

	12042022	12032025	Change
Stock Price ($)	9.88	1.80	-81.78%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	724.67	549.60	-24.16%
P/S Multiple	0.41	0.10	-75.92%
Shares Outstanding (Mil)	30.02	30.09	-0.23%
Cumulative Contribution			-81.78%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
TLYS	-77.1%
Market (SPY)	53.2%	18.6%
Sector (XLY)	42.3%	18.3%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
TLYS Return	-25%	124%	-44%	-17%	-44%	-65%	-85%
Peers Return	-0%	30%	-23%	21%	7%	19%	52%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
TLYS Win Rate	50%	75%	25%	33%	25%	40%
Peers Win Rate	60%	67%	38%	55%	47%	58%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
TLYS Max Drawdown	-67%	0%	-58%	-30%	-57%	-84%
Peers Max Drawdown	-66%	-10%	-43%	-31%	-22%	-34%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: GAP, GES, ZUMZ, GCO, TJX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	TLYS	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-61.7%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	161.4%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-70.5%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	239.3%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	343 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-69.6%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	229.5%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	Not Fully Recovered days	120 days

Compare to GAP, GES, ZUMZ, GCO, TJX

In The Past

Tilly's's stock fell -61.7% during the 2022 Inflation Shock from a high on 1/4/2022. A -61.7% loss requires a 161.4% gain to breakeven.

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About Tilly's (TLYS)

Tilly's, Inc. operates as a specialty retailer of casual apparel, footwear, accessories, and hardgoods for young men and women, and boys and girls in the United States. Its apparel merchandise includes tops, outerwear, bottoms, and dresses; and accessories merchandise comprises backpacks, hydration bottles, hats, sunglasses, small electronics and accessories, handbags, watches, jewelry, and others, as well as hardgoods consists of skateboards, longboards, bikes, roller-skates, and equipment for snowboarding and surfing. The company also provides third-party merchandise assortment across its various product categories. As of March 14, 2022, it operated 241 stores. The company also sells its merchandise through its e-commerce website, tillys.com. Tilly's, Inc. was founded in 1982 and is headquartered in Irvine, California.

AI Generated Analysis | Feedback

Here are 1-3 brief analogies to describe Tilly's (TLYS):

Urban Outfitters (URBN) for the action sports and casual lifestyle crowd.
Foot Locker (FL) for surf, skate, and casual apparel.

AI Generated Analysis | Feedback

Casual Apparel: Tilly's offers a wide selection of clothing items including t-shirts, hoodies, jeans, shorts, dresses, and outerwear for men, women, and juniors.
Footwear: The company sells various styles of shoes, such as sneakers, sandals, boots, and skate shoes, from popular brands.
Accessories: Tilly's provides a range of complementary items including hats, backpacks, sunglasses, jewelry, belts, and socks.

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Tilly's (TLYS) Major Customers

Tilly's (TLYS) operates as a specialty retailer of casual apparel, footwear, and accessories. It sells primarily to individuals through its retail stores and e-commerce platform, rather than to other companies.

Based on its target market and product offerings, Tilly's serves the following categories of individual customers:

Youth-Oriented Demographic: The core customer base consists primarily of high school and college-aged individuals, typically Gen Z and younger Millennials. These customers are generally fashion-conscious and seeking current trends in casual apparel, footwear, and accessories.
Action Sports and Streetwear Enthusiasts: Tilly's caters to individuals who embrace the action sports lifestyle (skate, surf, snow) and streetwear culture. Its product assortment includes popular brands and styles associated with these subcultures, reflecting a relaxed, active, and trend-aware lifestyle.
Brand-Conscious Casual Shoppers: Customers who are looking for a wide assortment of popular and aspirational brands across various categories, including denim, activewear, graphic tees, hoodies, and sneakers. These shoppers seek both established and emerging brands relevant to casual and youth fashion.

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Nate Smith, President, Chief Executive Officer

Nate Smith joined Tilly's in August 2025. Prior to this, he served as Chief Executive Officer of Marolina Outdoor, Inc. since September 2024. From June 2017 to April 2024, he was President, Americas at Boardriders, Inc. Smith also held leadership roles at Oakley, Inc., serving as Vice President/General Manager, North American Wholesale from September 2015 to June 2017, and Vice President, Oakley Defense from July 2012 to June 2017. His career includes executive positions at Ipath Footwear, MV Transportation, Inc., and Patagonia, Inc., following eight years of service in the United States Navy.

Michael Henry, Executive Vice President, Chief Financial Officer

Michael Henry became Tilly's Chief Financial Officer in June 2015. Before joining Tilly's, he was Senior Vice President, Global Controller at Quiksilver, Inc. from July 2012 to May 2015. For over a decade prior to Quiksilver, he served Pacific Sunwear of California, Inc. in various capacities, including Senior Vice President and Chief Financial Officer from January 2008 to April 2011. He also worked in the audit practice of Deloitte & Touche LLP from September 1994 to September 2000. Henry is a certified public accountant (inactive).

Hezy Shaked, Co-Founder, Executive Chairman, Chief Strategy Officer

Hezy Shaked co-founded the Tilly's concept in 1982 and established the company in 1984. He currently serves as Executive Chairman and Chief Strategy Officer, a role he will fully transition into on August 18, 2025, upon Nate Smith's appointment as CEO. Shaked has served as Chairman of the Board since Tilly's inception and as Chief Strategy Officer since February 2011. He has held the President and Chief Executive Officer role multiple times, including from the company's inception to September 2006, from September 2008 to February 2011, and most recently as interim CEO from January 2024 before being appointed permanent CEO in September 2024. He immigrated to the United States from Israel and began his retail career at swap meets. In 2005, Tilly's received a majority stake investment from private equity firm Golden Gate Capital, before going public in 2012.

Michael Cingolani, Senior Vice President, General Merchandising Manager

Michael Cingolani was promoted to Senior Vice President, General Merchandising Manager in November 2024. He previously served as Tilly's Senior Director, Divisional Merchandise Manager, Men's and Boys Apparel, since August 2024. His prior experience includes serving as Chief Merchandising Officer at rue21 from July 2022 to May 2024, and earlier, as Tilly's Divisional Merchandise Manager, Men's and Boys Branded Apparel and Fashion Tops for five years. He also held a Director/Sr. Buyer position at Foot Locker, Inc.

Shelly Bueno-Johnson, Vice President of Stores

Shelly Bueno-Johnson serves as the Vice President of Stores for Tilly's.

AI Generated Analysis | Feedback

The rise of ultra-fast fashion retailers such as SHEIN and Temu poses a clear emerging threat. These platforms have fundamentally altered consumer expectations by offering an immense selection of trendy apparel at extremely low price points, leveraging rapid production cycles and highly effective social media marketing to capture the attention of Tilly's core younger demographic. Tilly's traditional multi-brand retail model, which relies on curated selections and established brands, struggles to compete with the speed-to-market for new trends, the sheer volume of new inventory, and the aggressive pricing strategies employed by these ultra-fast fashion competitors. This shift in consumer behavior and competitive landscape directly threatens Tilly's market share and profitability.

AI Generated Analysis | Feedback

Tilly's (symbol: TLYS) operates as a specialty retailer primarily focused on casual apparel, footwear, accessories, and hardgoods for a youth-oriented demographic, typically aged 12 to 30, across the United States.

The addressable markets for Tilly's main products and services in the U.S. region are:

U.S. Clothing and Clothing Accessory Retailers Market: This broad market, which encompasses both clothing and various related accessories, was valued at approximately $309.0 billion in 2024 and is projected to reach $309.9 billion in 2025.
U.S. Footwear Market: The footwear market in the United States is a significant addressable market for Tilly's, projected to grow from $103 billion in 2025 to $130.95 billion by 2030. In 2024, the market size was approximately $94.7 billion.
U.S. Fashion Accessories Market: For specific fashion accessories like jewelry, handbags, watches, belts, wallets, and sunglasses, the U.S. fashion accessories market was valued at USD 223.2 billion in 2024 and is projected to reach USD 477.4 billion by 2034.

AI Generated Analysis | Feedback

Tilly's (TLYS) is focusing on several key areas to drive future revenue growth over the next 2-3 years, despite operating in a challenging retail environment characterized by declining sales. The company's strategy appears to center on optimizing its existing business and selectively pursuing growth opportunities.

Here are 3-5 expected drivers of future revenue growth:

Enhanced Merchandise Assortment and Marketing Efforts: Tilly's aims to improve its merchandise assortment and bolster its marketing efforts, including increasing its presence on social platforms like TikTok. This strategy is intended to address evolving consumer behaviors and competitive pressures, ultimately aiming to boost customer engagement and sales per customer.
Optimized E-commerce Performance: Despite facing recent declines in e-commerce sales, Tilly's has articulated a goal to grow its online business. Strategic initiatives in this area could involve improving the online shopping experience, expanding digital marketing, and leveraging new platforms to drive increased online revenue.
Improved Product Margins and Inventory Management: A significant focus for Tilly's is the improvement of product margins, partly through higher initial markups and reduced markdowns. Coupled with more efficient inventory management, ensuring popular products are available while minimizing excess stock, this can support revenue growth by allowing for more competitive pricing and reducing lost sales due to out-of-stock items.
Strategic Store Optimization: While Tilly's has been undertaking store closures to address underperforming locations, the company has also indicated "geographic portability and real estate flexibility," suggesting a potential for strategic new store openings over time. This targeted approach to optimizing its physical footprint, rather than just widespread closures, could contribute to revenue growth in more profitable or strategically important locations.

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Share Repurchases

Tilly's authorized a share repurchase program in March 2022, allowing for the repurchase of up to two million shares of its Class A common stock over the subsequent twelve months.
The company repurchased approximately $10.9 million of common stock during fiscal year 2022.

Share Issuance

In fiscal year 2023, Tilly's generated $0.4 million from employee exercises of stock options.
The number of Tilly's outstanding shares increased by 0.43% in one year.

Capital Expenditures

Tilly's reported capital expenditures of $6 million in fiscal 2022 and $4 million in fiscal 2023.
For the first half of fiscal 2025, year-to-date capital expenditures totaled $2.1 million, compared to $4.6 million during the same period in fiscal 2024.
The primary focus of capital expenditures includes opening a limited number of new stores within existing markets and reinvesting in existing stores to enhance customer experience.

Better Bets than Tilly's (TLYS)

	TLYS	Better Performance than TLYS
Metric	Value	INDUSTRY: Apparel Retail
Rev Chg LTM	-11.1%	URBN (9.6%), BURL (7.6%), TJX (4.1%), ROST (1.9%), GAP (0.0%)
Rev Chg 3Y Avg	-8.7%	BURL (7.7%), URBN (7.5%), TJX (5.3%), ROST (5.2%), GAP (-1.3%)
Op Mgn LTM	-8.8%	ROST (12.0%), TJX (11.2%), URBN (9.5%), GAP (7.7%), BURL (6.9%)
CFO/Rev LTM	-3.8%	ROST (11.5%), TJX (10.2%), URBN (10.1%), GAP (8.0%), BURL (7.3%)
FCF/Rev LTM	-4.8%	ROST (7.8%), TJX (7.0%), URBN (6.8%), GAP (5.1%), BURL (-3.0%)
Total Yield	-109.6%	GAP (10.9%), URBN (7.3%), ROST (6.2%), TJX (4.9%), BURL (3.7%)
P/S	0.1	LVLU (0.0), RENT (0.1)
P/Op Inc	-0.9

	TLYS	Better Performance than TLYS
Metric	Value	SECTOR: Consumer Discretionary
Rev Chg LTM	-11.1%	AMZN (10.9%), HD (8.5%), TJX (4.1%), MCD (1.2%), TSLA (-1.6%)
Rev Chg 3Y Avg	-8.7%	AMZN (11.3%), TSLA (9.3%), TJX (5.3%), MCD (4.2%), HD (2.2%)
Op Mgn LTM	-8.8%	MCD (46.1%), HD (13.1%), AMZN (11.4%), TJX (11.2%), TSLA (5.1%)
CFO/Rev LTM	-3.8%	MCD (39.9%), AMZN (18.1%), TSLA (16.5%), HD (10.8%), TJX (10.2%)
FCF/Rev LTM	-4.8%	MCD (28.1%), HD (8.6%), TSLA (7.1%), TJX (7.0%), AMZN (2.0%)
Total Yield	-109.6%	HD (6.5%), MCD (6.2%), TJX (4.9%), AMZN (3.0%), TSLA (0.4%)
P/S	0.1	DBI (0.0), CHPT (0.0), KSS (0.1), ARKO (0.1), FOSL (0.1)
P/Op Inc	-0.9

	TLYS	Better Performance than TLYS
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	-11.1%	NVDA (71.6%), AVGO (28.0%), MSFT (15.6%), GOOGL (13.4%), AAPL (6.0%)
Rev Chg 3Y Avg	-8.7%	NVDA (92.0%), AVGO (24.0%), MSFT (13.2%), GOOGL (11.0%), AAPL (1.8%)
Op Mgn LTM	-8.8%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), GOOGL (32.2%), AAPL (31.9%)
CFO/Rev LTM	-3.8%	MSFT (50.0%), NVDA (46.6%), AVGO (42.4%), GOOGL (39.3%), AAPL (26.6%)
FCF/Rev LTM	-4.8%	NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%)
Total Yield	-109.6%	GOOGL (4.6%), MSFT (3.4%), AAPL (3.0%), NVDA (2.3%), AVGO (1.5%)
P/S	0.1	SNEX (0.0), WKC (0.0), AMRK (0.1), IHRT (0.1), UNFI (0.1)
P/Op Inc	-0.9

		Best Bets In Consumer Discretionary Sector
	TLYS
What You Pay
P/E	-0.9
P/EBIT	-0.9
What You Get
Rev Chg Q	-7.1%
Rev Chg LTM	-11.1%
Rev Chg 3Y Avg	-8.7%
FCF/Rev 3Y Avg	-3.9%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Can Tilly's Stock Hold Up When Markets Turn?	Return

	Title
0	ARTICLES

Trade Ideas

Select past ideas related to TLYS. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	9.2%	9.2%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.4%	2.4%	0.0%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-4.1%	-4.1%	-4.1%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.1%	5.1%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.8%	2.8%	-1.6%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	9.2%	9.2%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.4%	2.4%	0.0%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-4.1%	-4.1%	-4.1%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.1%	5.1%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	2.8%	2.8%	-1.6%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Tilly's

Peers to compare with:

Financials

	TLYS	GAP	GES	ZUMZ	GCO	TJX	Median
Name	Tilly's	Gap	Guess	Zumiez	Genesco	TJX Comp.
Mkt Price	1.80	26.85	17.13	27.75	35.25	150.06	27.30
Mkt Cap	0.1	10.0	0.9	0.5	0.4	167.3	0.7
Rev LTM	550	15,166	3,092	900	2,362	57,925	2,727
Op Inc LTM	-48	1,166	140	3	16	6,476	78
FCF LTM	-27	769	13	13	19	4,041	16
FCF 3Y Avg	-23	938	126	-2	20	4,358	73
CFO LTM	-21	1,215	101	27	79	5,935	90
CFO 3Y Avg	-12	1,380	207	17	76	6,145	141

Growth & Margins

	TLYS	GAP	GES	ZUMZ	GCO	TJX	Median
Name	Tilly's	Gap	Guess	Zumiez	Genesco	TJX Comp.
Rev Chg LTM	-11.1%	-0.0%	7.8%	1.6%	2.7%	4.1%	2.1%
Rev Chg 3Y Avg	-8.7%	-1.3%	4.9%	-5.4%	-0.3%	5.3%	-0.8%
Rev Chg Q	-7.1%	0.1%	5.5%	1.9%	4.0%	6.9%	3.0%
QoQ Delta Rev Chg LTM	-2.1%	0.0%	1.3%	0.5%	0.9%	1.6%	0.7%
Op Mgn LTM	-8.8%	7.7%	4.5%	0.3%	0.7%	11.2%	2.6%
Op Mgn 3Y Avg	-5.5%	5.2%	6.9%	-2.1%	1.0%	10.7%	3.1%
QoQ Delta Op Mgn LTM	0.4%	-0.0%	-0.6%	0.1%	-0.2%	0.2%	0.0%
CFO/Rev LTM	-3.8%	8.0%	3.3%	3.0%	3.4%	10.2%	3.3%
CFO/Rev 3Y Avg	-2.2%	9.1%	7.3%	1.9%	3.3%	11.2%	5.3%
FCF/Rev LTM	-4.8%	5.1%	0.4%	1.4%	0.8%	7.0%	1.1%
FCF/Rev 3Y Avg	-3.9%	6.2%	4.5%	-0.2%	0.9%	8.0%	2.7%

Valuation

	TLYS	GAP	GES	ZUMZ	GCO	TJX	Median
Name	Tilly's	Gap	Guess	Zumiez	Genesco	TJX Comp.
Mkt Cap	0.1	10.0	0.9	0.5	0.4	167.3	0.7
P/S	0.1	0.5	0.2	0.2	0.1	2.4	0.2
P/EBIT	-0.9	6.4	8.3	81.0	14.5	20.6	11.4
P/E	-0.9	9.2	19.9	381.1	-8.4	27.7	14.5
P/CFO	-2.0	6.7	6.1	8.3	2.6	23.2	6.4
Total Yield	-109.6%	10.9%	15.4%	0.3%	-12.0%	4.9%	2.6%
Dividend Yield	0.0%	0.0%	10.4%	0.0%	0.0%	1.3%	0.0%
FCF Yield 3Y Avg	-29.0%	16.3%	12.3%	-0.2%	8.1%	3.7%	5.9%
D/E	4.3	0.7	2.6	0.9	2.9	0.1	1.8
Net D/E	3.1	0.4	2.3	0.5	2.7	0.1	1.4

Returns

	TLYS	GAP	GES	ZUMZ	GCO	TJX	Median
Name	Tilly's	Gap	Guess	Zumiez	Genesco	TJX Comp.
1M Rtn	20.8%	17.7%	0.7%	28.2%	18.9%	7.2%	18.3%
3M Rtn	-11.3%	19.8%	3.2%	58.2%	11.6%	7.9%	9.7%
6M Rtn	38.5%	29.6%	60.3%	120.6%	58.1%	17.9%	48.3%
12M Rtn	-59.5%	7.4%	8.5%	23.1%	-4.5%	21.8%	7.9%
3Y Rtn	-81.8%	103.3%	7.0%	19.6%	-22.7%	95.1%	13.3%
1M Excs Rtn	20.8%	17.7%	0.7%	28.3%	18.9%	7.2%	18.3%
3M Excs Rtn	-19.6%	7.7%	-2.4%	45.1%	-0.7%	1.4%	0.3%
6M Excs Rtn	23.7%	14.9%	45.6%	105.9%	43.4%	3.2%	33.6%
12M Excs Rtn	-73.3%	0.6%	0.3%	12.2%	-8.6%	7.3%	0.5%
3Y Excs Rtn	-153.8%	37.6%	-60.0%	-54.5%	-105.9%	22.7%	-57.2%

Financials

Annual
Quarterly

$ Mil \| FY: 2/1	LTM	2025	2024	2023	2022	2021	2020
Period End	8/2/2025	2/1/2025	2/3/2024	1/28/2023	1/29/2022	1/30/2021	2/1/2020
Filing Date	9/4/2025	4/10/2025	4/11/2024	4/13/2023	4/14/2022	4/1/2021	4/1/2020
Key Financials
Total Revenue	550	569	623	672	776	531	619
EBITDA	-36	-37	-18	25	104	16	49
Operating Income	-48	-50	-31	11	88	-3	28
Net Income	-46	-46	-34	10	64	-1	23
EPS	-1.51	-1.54	-1.16	0.32	2.10	-0.04	0.77
Growth Rates
Total Revenue Growth	-11.1%	-8.6%	-7.3%	-13.3%	46.0%	-14.2%	3.5%
EBITDA Growth	-80.7%	-104.3%	-171.7%	-75.8%	552.1%	-67.6%	-8.5%
Operating Income Growth	-47.5%	-60.9%	-376.9%	-87.2%	2981.4%	-110.7%	-9.6%
Net Income Growth	-10.8%	-34.0%	-456.4%	-84.9%	5711.3%	-105.1%	-9.3%
Margins
EBITDA Margin	-6.6%	-6.5%	-2.9%	3.8%	13.5%	3.0%	8.0%
Operating Income Margin	-8.8%	-8.8%	-5.0%	1.7%	11.3%	-0.6%	4.6%
Net Income Margin	-8.3%	-8.1%	-5.5%	1.4%	8.3%	-0.2%	3.7%
Cash & Debt
Total Cash	51	47	95	113	139	141	140
Total Debt	179	194	232	242	247	266	296
Net Debt / (Cash)	128	147	137	129	108	125	156
Cash Flows
Net Cash from Operations	-21	-42	-7	-1	63	39	36
Free Cash from Operations	-27	-50	-21	-17	50	30	22
Returns to Shareholders
Dividends	0	-0	-0	-0	62	30	29
Share Repurchases	-0	-0	-0	11	-0	-0	-0

$ Mil \| FY: 2/1	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3
Period End	8/2/2025	5/3/2025	2/1/2025	11/2/2024	8/3/2024	5/4/2024	2/3/2024	10/28/2023	7/29/2023	4/29/2023	1/28/2023	10/29/2022
Filing Date	9/4/2025	6/5/2025	4/10/2025	12/6/2024	9/6/2024	6/7/2024	4/11/2024	12/1/2023	9/1/2023	6/5/2023	4/13/2023	12/7/2022
Key Financials Quarterly
Total Revenue	151	108	147	143	163	116	173	166	160	124	180	178
Ebitda	5	-20	-11	-11	2	-18	-5	1	1	-14	2	10
Operating Income	3	-23	-14	-14	-1	-21	-9	-3	-3	-17	-1	6
Net Income	3	-22	-14	-13	-0	-20	-21	-1	-1	-12	-0	5
EPS	0.11	-0.74	-0.45	-0.43	0.00	-0.65	-0.69	-0.03	-0.04	-0.40	0.01	0.17
Key Financials TTM
Total Revenue TTM	550	561	569	595	618	615	623	630	642	650	672	696
Ebitda TTM	-36	-39	-37	-31	-20	-22	-18	-11	-1	7	25	44
Operating Income TTM	-48	-52	-50	-44	-33	-35	-31	-24	-15	-7	11	30
Net Income TTM	-46	-49	-46	-53	-41	-42	-34	-14	-8	-3	10	22
Growth Rates Quarterly
Total Revenue Growth	-7.1%	-7.1%	-14.9%	-13.8%	1.8%	-6.3%	-4.1%	-6.4%	-5.0%	-15.2%	-11.8%	-13.7%
EBITDA Growth	132.1%	-12.3%	-109.5%	-1976.8%	321.3%	-26.0%	-334.6%	-94.2%	-93.5%	-404.3%	-89.4%	-70.5%
Operating Income Growth	411.8%	-9.1%	-66.1%	-458.6%	68.0%	-20.4%	-513.8%	-139.8%	-152.1%	-1657.9%	-108.0%	-78.2%
Net Income Growth	4687.0%	-12.9%	33.5%	-1420.1%	93.9%	-63.9%	-19661.5%	-116.4%	-129.5%	-1572.1%	-100.9%	-75.3%
Margins Quarterly
EBITDA Margin	3.6%	-18.5%	-7.4%	-7.5%	1.4%	-15.3%	-3.0%	0.3%	0.3%	-11.4%	1.2%	5.5%
Operating Income Margin	1.8%	-21.1%	-9.6%	-9.8%	-0.5%	-17.9%	-4.9%	-1.5%	-1.7%	-14.0%	-0.8%	3.6%
Net Income Margin	2.1%	-20.6%	-9.3%	-9.0%	-0.0%	-16.9%	-11.9%	-0.5%	-0.7%	-9.7%	-0.1%	2.9%
Cash & Debt
Total Cash	51	37	47	52	77	68	95	94	104	93	113	106
Total Debt	179	190	194	206	214	226	232	245	251	244	242	253
Net Debt / (Cash)	128	153	147	154	137	158	137	151	147	151	129	147
Cash Flows Quarterly
FCF from Operations	14	-8	-4	-23	10	-26	4	-7	12	-16	10	-4
Cash Flows TTM
FCF from Operations TTM	-21	-24	-42	-34	-18	-16	-7	-1	2	-0	-1	5
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	2
Return on Invested Capital (ROIC) Quarterly
ROIC	3.5%	-27.5%	-17.6%	-17.1%	-1.0%	-25.0%	-11.0%	-2.2%	-2.6%	-15.9%	-0.7%	5.9%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-15.9%	-15.8%	-15.5%	-13.4%	-10.5%	-10.4%	-10.0%	-5.4%	-3.5%	-1.7%	2.7%	6.8%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Retailer of casual apparel, footwear, accessories, and hardgoods	623	672
Accessories			124	80	111
Boys			39	27	37
Footwear			85	64	74
Girls			31	21	25
Mens			295	191	223
Womens			202	143	149
Hardgoods/Outdoor				5
Total	623	672	776	531	619

Operating Income by Segment

$ Mil	2025	2024	2023	2022	2021
Retailer of casual apparel, footwear, accessories, and hardgoods	-31	11
Total	-31	11

Net Income by Segment

$ Mil	2025	2024	2023	2022	2021
Retailer of casual apparel, footwear, accessories, and hardgoods	-34	10
Total	-34	10

Price Behavior

Price Behavior

Market Price	$1.80
Market Cap ($ Bil)	0.1
First Trading Date	05/04/2012
Distance from 52W High	-60.5%
	50 Days	200 Days
DMA Price	$1.59	$1.79
DMA Trend	down	down
Distance from DMA	12.9%	0.3%
	3M	1YR
Volatility	89.1%	105.8%
Downside Capture	185.51	136.79
Upside Capture	77.87	29.44
Correlation (SPY)	26.5%	16.1%

TLYS Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.60	1.50	2.08	1.94	0.86	0.97
Up Beta	-0.53	2.02	2.02	1.96	0.48	0.85
Down Beta	-0.15	3.73	2.89	3.63	1.33	1.20
Up Capture	1%	-98%	40%	84%	10%	16%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	5	9	20	46	92	318
Down Capture	142%	165%	250%	143%	126%	107%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	14	30	38	69	136	397

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of TLYS With Other Asset Classes (Last 1Y)
	TLYS	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-57.2%	9.3%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	105.6%	24.8%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	-0.33	0.31	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		15.9%	16.3%	-8.2%	-0.2%	21.1%	4.2%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of TLYS With Other Asset Classes (Last 5Y)
	TLYS	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-25.0%	9.5%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	63.2%	23.8%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	-0.19	0.36	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		28.8%	27.9%	-3.4%	3.9%	25.4%	10.3%

Based On 10-Year Data

		Comparison of TLYS With Other Asset Classes (Last 10Y)
	TLYS	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-8.1%	12.6%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	62.3%	22.0%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.13	0.53	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		33.1%	31.9%	-5.7%	10.1%	30.4%	9.9%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	658,899
Short Interest: % Change Since 10312025	3.2%
Average Daily Volume	46,519
Days-to-Cover Short Interest	14.16
Basic Shares Quantity	30,091,000
Short % of Basic Shares	2.2%

Returns Analyses

	Title
0	Can Tilly's Stock Hold Up When Markets Turn?

SEC Filings

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Report Date	Filing Date	Filing
7312025	9042025	10-Q 8/2/2025
4302025	6052025	10-Q 5/3/2025
1312025	4102025	10-K 2/1/2025
10312024	12062024	10-Q 11/2/2024
7312024	9062024	10-Q 8/3/2024
4302024	6072024	10-Q 5/4/2024
1312024	4112024	10-K 2/3/2024
10312023	12012023	10-Q 10/28/2023
7312023	9012023	10-Q 7/29/2023
4302023	6052023	10-Q 4/29/2023
1312023	4132023	10-K 1/28/2023
10312022	12072022	10-Q 10/29/2022
7312022	9062022	10-Q 7/30/2022
4302022	6092022	10-Q 4/30/2022
1312022	4142022	10-K 1/29/2022
10312021	12072021	10-Q 10/30/2021

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Tilly's (TLYS)

Market Price (12/4/2025): $1.72 | Market Cap: $51.8 MilSector: Consumer Discretionary | Industry: Apparel Retail

Tilly's (TLYS)

Market Price (12/4/2025): $1.72Market Cap: $51.8 MilSector: Consumer DiscretionaryIndustry: Apparel Retail

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TLYS Stock

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Market Price (12/4/2025): $1.72 | Market Cap: $51.8 Mil
Sector: Consumer Discretionary | Industry: Apparel Retail

Market Price (12/4/2025): $1.72
Market Cap: $51.8 Mil
Sector: Consumer Discretionary
Industry: Apparel Retail