Tilly's Inc. said its normalized net income for the fiscal third quarter ended Nov. 1 came to 19 cents per share, compared with the S&P Capital IQ consensus estimate of 11 cents per share.
EPS fell 16.4% year over year from 23 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $5.3 million, a decrease of 16.8% from $6.4 million in the year-earlier period.
The normalized profit margin dropped to 4.1% from 5.2% in the year-earlier period.
Total revenue rose 6.1% on an annual basis to $131.3 million from $123.8 million, and total operating expenses grew 8.0% year over year to $122.7 million from $113.6 million.
Reported net income decreased 18.5% from the prior-year period to $5.0 million, or 18 cents per share, from $6.2 million, or 22 cents per share.
