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Tilly’s says inflation is hurting its younger customers; shares slide after hours

Clyde Edgerton by Clyde Edgerton
June 1, 2023
in Markets
Tilly’s says inflation is hurting its younger customers; shares slide after hours
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Shares of Tilly’s Inc. TLYS sank 14.5% after hours on Thursday after the West-Coast-themed clothing and accessories retailer forecast a steeper second-quarter loss than expected, saying that rising prices continued “to have a detrimental impact on our pre-teen, teen, and young adult customer demographic.” Tilly’s forecast second-quarter sales of $148 million to $158 million, below FactSet forecasts for $159.8 million, with a per-share loss of 13 cents to 27 cents, worse than estimates for a loss of 3 cents a share. “While we believe our product assortments are trend right, the impact of inflation and potential recessionary…



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