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Tilly's fiscal Q1 profit falls 72.8% YOY

Tilly's Inc. said its normalized net income for the fiscal first quarter ended May 3 amounted to 2 cents per share, compared with the S&P Capital IQ consensus estimate of 2 cents per share.

EPS fell 72.9% year over year from 9 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $650,000, a decline of 72.8% from $2.4 million in the year-earlier period.

The normalized profit margin fell to 0.6% from 2.2% in the year-earlier period.

Total revenue increased year over year to $111.1 million from $109.1 million, and total operating expenses rose on an annual basis to $110.1 million from $105.2 million.

Reported net income declined 74.9% on an annual basis to $563,020, or 2 cents per share, from $2.2 million, or 8 cents per share.