Tilly's: What To Do Now

Income tax expense was $5.2 million, or 43.5% of pre-tax income, compared to $4.2 million, or 40.2% of pre-tax income, last year. This year’s income tax expense includes a net charge of $0.2 million due to the impact of the Tax Cuts and Jobs Act signed into law during December 2017.

Net income was $6.7 million, or $0.23 per diluted share, compared to $6.3 million, or $0.22 per diluted share, last year.

Cash

As of February 3, 2018, Tilly’s had $136.0 million of cash and marketable securities and no debt outstanding under its revolving credit facility. This compares to $133.9 million of cash and marketable securities and no debt outstanding under its revolving credit facility as of January 28, 2017. In February 2018, Tilly’ paid a special cash dividend to its stockholders of approximately $29.1 million in the aggregate. Tilly’s also paid a special cash dividend to its stockholders of approximately $20.1 million in the aggregate during February 2017.

Looking ahead

Overall, with TLYS stock, we have a cream-of-the-crop retailer, in a rebounding retail group, that will likely continue to be strong. This quarter was a bit disappointing with sales and revenues just missing expectations, but we think the selloff will be an opportunity to get long again.

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