Company profile

Ticker
TLYS
Exchange
Website
CEO
Edmond S. Thomas
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
452164791

TLYS stock data

(
)

Calendar

10 Dec 20
19 Jan 21
1 Feb 21

News

Quarter (USD) Oct 20 Aug 20 May 20 Nov 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Feb 20 Feb 19 Feb 18 Jan 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Tillys earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 99.31M 99.31M 99.31M 99.31M 99.31M 99.31M
Cash burn (monthly) 11.22M (positive/no burn) (positive/no burn) 787.5K (positive/no burn) (positive/no burn)
Cash used (since last report) 29.34M n/a n/a 2.06M n/a n/a
Cash remaining 69.97M n/a n/a 97.25M n/a n/a
Runway (months of cash) 6.2 n/a n/a 123.5 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
2 Oct 20 Henry Michael CLASS A COMMON STOCK Buy Aquire P No 5.885 600 3.53K 52,500
1 Oct 20 Henry Michael CLASS A COMMON STOCK Buy Aquire P No 5.9855 1,900 11.37K 51,900
30 Sep 20 Johnson Seth R CLASS A COMMON STOCK Sell Dispose S No 6.0503 10,000 60.5K 81,897
10 Sep 20 Zeichner Bernard CLASS A COMMON STOCK Sell Aquire S No 7.4059 15,000 111.09K 44,010
25 Jun 20 Henry Michael CLASS A COMMON STOCK Buy Aquire P No 5.3546 3,210 17.19K 50,000
24 Jun 20 Henry Michael CLASS A COMMON STOCK Buy Aquire P No 5.38 500 2.69K 46,790
17 Jun 20 Henry Michael CLASS A COMMON STOCK Buy Aquire P No 5.7639 5,000 28.82K 46,290
81.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 89 91 -2.2%
Opened positions 17 17
Closed positions 19 21 -9.5%
Increased positions 29 25 +16.0%
Reduced positions 32 32
13F shares
Current Prev Q Change
Total value 142.87M 118.54M +20.5%
Total shares 18.35M 19.33M -5.1%
Total puts 62.7K 29.1K +115.5%
Total calls 19K 33.9K -44.0%
Total put/call ratio 3.3 0.9 +284.4%
Largest owners
Shares Value Change
BLK Blackrock 2.24M $13.53M +22.7%
Divisar Capital Management 2.1M $12.69M +6.4%
Dimensional Fund Advisors 1.78M $10.71M -1.3%
Renaissance Technologies 1.54M $9.3M -3.5%
Vanguard 1.19M $7.19M +0.0%
Paradigm Capital Management 968.33K $5.84M -52.3%
Acuitas Investments 827.09K $4.99M +75.4%
Emerald Advisers 723.26K $4.36M +0.0%
Emerald Mutual Fund Advisers Trust 648.68K $3.91M 0.0%
RY Royal Bank Of Canada 462.74K $2.79M -30.8%
Largest transactions
Shares Bought/sold Change
Paradigm Capital Management 968.33K -1.06M -52.3%
BLK Blackrock 2.24M +415.17K +22.7%
Russell Investments 380.77K +380.77K NEW
Acuitas Investments 827.09K +355.65K +75.4%
Friess Associates 0 -274.65K EXIT
Signia Capital Management 0 -227.34K EXIT
Boothbay Fund Management 0 -214.92K EXIT
RY Royal Bank Of Canada 462.74K -205.93K -30.8%
GS Goldman Sachs 408.58K +175.69K +75.4%
Arrowstreet Capital, Limited Partnership 0 -131.12K EXIT

Financial report summary

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Competition
Urban OutfittersHot TopicZumiezCaliforniaForever
Risks
  • The COVID-19 pandemic has materially disrupted our operations and is expected to continue to have an adverse effect on our business.
  • Our sales could be severely impacted by decreases in consumer spending.
  • We are required to make significant lease payments for our store leases, corporate offices, warehouses and distribution and e-commerce fulfillment centers, which may strain our cash flow. In addition, in light of the COVID-19 pandemic, we may need to take certain actions with respect to some or all of our existing leases to preserve our cash position during the COVID-19 pandemic, which may create legal and financial risk for us.
  • The terms of our credit facility impose operating and financial restrictions on us that may impair our ability to respond to changing business and economic conditions.
  • We face intense competition in our industry and we may not be able to compete effectively.
  • We may experience comparable store sales or sales per square foot declines, which may cause our results of operations to decline.
  • Our business depends upon identifying and responding to changing customer fashion preferences and fashion-related trends. If we cannot identify trends in advance or we select the wrong fashion trends, our sales could be adversely affected.
  • Our continued growth depends upon our ability to successfully open profitable new stores and improve the performance of our existing stores, which is subject to a variety of risks and uncertainties.
  • Our continued growth depends upon our ability to continue to grow our e-commerce business and improve its profitability, which is subject to a variety of risks and uncertainties.
  • We may not be able to implement our business strategies on the timelines we anticipate, in a cost-effective manner, or at all.
  • Our ability to attract customers to our stores depends significantly on the success of the retail centers where our stores are located.
  • We buy and stock merchandise based upon seasonal weather patterns and therefore unseasonable weather could negatively impact our sales.
  • Our sales can significantly fluctuate based upon shopping seasons, which may cause our operating results to fluctuate disproportionately on a quarterly basis.
  • We purchase merchandise in advance of the season in which it will be sold and if we purchase too much inventory we may need to reduce prices in order to sell it, which may adversely affect our overall profitability.
  • If we fail to maintain good relationships with our suppliers or if our suppliers are unable or unwilling to provide us with sufficient quantities of merchandise at acceptable prices, our business and operations may be adversely affected.
  • If we cannot retain or find qualified employees to meet our staffing needs in our stores, our distribution and e-commerce fulfillment centers, or our corporate offices, our business could be adversely affected.
  • Our business largely depends on a strong brand image, and if we are not able to maintain and enhance our brand, particularly in new markets where we have limited brand recognition, we may be unable to increase or maintain our level of sales.
  • A rise in the cost of raw materials, labor and transportation could increase our cost of sales and cause our results of operations and margins to decline.
  • Any inability to balance merchandise bearing our proprietary brands with the third-party branded merchandise we sell may have an adverse effect on our sales and gross margin.
  • Most of our merchandise is produced in foreign countries, making the price and availability of our merchandise susceptible to international trade and other international conditions.
  • Our corporate headquarters, distribution and e-commerce fulfillment centers and information technology systems are in Irvine, California, and if their operations are disrupted, we may not be able to operate our store support functions, ship merchandise to our stores, or fulfill e-commerce orders, which would adversely affect our business.
  • Our stores are mostly located in the southwestern and northeastern United States and in Florida, with a significant number of stores located in California, putting us at risk to region-specific disruptions.
  • Litigation costs and the outcome of litigation could have a material adverse effect on our business.
  • If our vendors and manufacturing sources fail to use acceptable labor or other practices our reputation may be harmed, which could negatively impact our business.
  • If we lose key management personnel our operations could be negatively impacted.
  • We rely on third parties to deliver merchandise to our stores located outside of southern California and therefore our business could be negatively impacted by disruptions in the operations of these third-party providers.
  • If our information technology fails to operate or are unable to support our growth, our operations could be disrupted.
  • Our business is subject to a variety of laws, rules, and other obligations regarding data protection, which could result in additional compliance costs, subject us to enforcement actions, or cause us to change our platform or business practices.
  • If we are unable to protect our intellectual property rights, our financial results may be negatively impacted.
  • We may be subject to liability if we, or our vendors, infringe upon the intellectual property rights of third parties.
  • Our founders control a majority of the voting power of our common stock, which may prevent other stockholders from influencing corporate decisions and may result in conflicts of interest.
  • Epidemics, pandemics, war, terrorism, civil unrest or other public disruptions could negatively affect our business.
  • We may be subject to unionization, work stoppages, slowdowns or increased labor costs.
  • Violations of and/or changes in laws, including employment laws and laws related to our merchandise, could make conducting our business more expensive or change the way we do business.
  • As a result of being a publicly traded company, our management is required to devote substantial time to complying with public company regulations.
  • Our failure to maintain adequate internal controls over our financial and management systems may cause errors in our financial reporting, which could in turn cause a loss of investor confidence.
  • We depend on cash generated from our operations to support our growth, which could strain our cash flow.
  • We may engage in strategic transactions that could negatively impact our liquidity, increase our expenses and present significant distractions to our management.
  • Changes to accounting rules or regulations could significantly affect our financial results.
  • We may incur substantial expenses related to our issuance of share-based compensation, which may have a negative impact on our operating results for future periods.
  • We may experience fluctuations in our tax obligations and effective tax rate.
  • We are a controlled company within the meaning of the NYSE rules, and, as a result, we may rely on exemptions from certain corporate governance requirements that provide protection to stockholders of other companies.
  • If securities or industry analysts publish inaccurate or unfavorable research about our business, the price and trading volume of our Class A common stock could decline.
  • Financial forecasting by us and financial analysts who may publish estimates of our performance may differ materially from actual results.
  • We have a small public float compared to other larger publicly-traded companies, which may result in price swings in our Class A common stock or make it difficult to acquire or dispose of our Class A common stock.
  • The price of our Class A common stock has been, and may continue to be, volatile and may decline in value.
  • Future sales of our common stock by us or by existing stockholders could cause the price of our Class A common stock to decline.
  • Our corporate organizational documents and Delaware law have anti-takeover provisions that may inhibit or prohibit a takeover of us and the replacement or removal of our management.
  • Our amended and restated bylaws designate the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or other employees.
Management Discussion
  • (1)During fiscal 2019, our comparable store sales are sales from our e-commerce platform and stores open at least 12 full fiscal months as of the end of the current reporting period. However, as a result of the COVID-19 pandemic, our comparable store sales for fiscal 2020 are defined as sales from our e-commerce platform and stores open on a daily basis compared to the same respective fiscal dates last year. A remodeled or relocated store is included in comparable store sales, both during and after construction, if the square footage of the store used to sell merchandise was not changed by more than 20% and the store was not closed for remodel for more than five days in any fiscal month. Comparable store sales include sales through our e-commerce platform but exclude gift card breakage income, deferred revenue on loyalty program and e-commerce shipping and handling fee revenue.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Good
New words: accordion, affirmative, agent, ancillary, anniversary, appraised, bear, capacity, Codification, concurrently, customary, default, entry, equipment, favor, firm, fourteen, guaranty, high, IBR, incorporated, influenced, institution, irrevocable, lending, lesser, lien, low, modification, pledge, prohibited, repaid, replaced, repurchase, repurchasing, RSQ, satisfied, senior, Skate, slight, swing, terminated, termination, therewith, uncommitted, unemployment, unused, waived
Removed: entitled, nonqualified