Tilly's, Inc. (TLYS) reported net income for the fourth quarter of $9.8 million or $0.35 per share, compared to $13.9 million or $0.67 per share for the year-ago quarter.
Excluding items, adjusted net income for the fourth quarter increased to $8.9 million or $0.32 per share from $8.0 million, or $0.39 per share in the prior year quarter.
Total net sales for the fourth quarter increased 14.5% to $140.77 million from $122.93 million a year ago. Same-store sales for the thirteen-week period, which include e-commerce sales, decreased 0.9%.
Analysts polled by Thomson Reuters expected the company to earn $0.30 per share on revenue of $141.10 million for the fourth quarter. Analysts' estimates typically exclude special items.
Looking forward, the company forecast earnings of $0.04 to $0.07 per share for the first quarter and $0.75 to $0.81 per share for the fiscal year 2013.
Analysts currently expect the company to earn $0.14 per share for the first quarter and $0.87 per share for the fiscal year 2013.
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