Tilly's (TLYS) reported earnings on Wed 29 May 19 (a/h)

** charts before earnings **

** charts after earnings **

Tilly's reports EPS in-line, beats on revs; guides Q2 below consensus with comps down 6.6% through Memorial Day, largely attributable to unseasonable weather

• Reports Q1 (Apr) earnings of $0.02 per share, in-line with the S&P Capital IQ Consensus of $0.02; revenues rose 272.4% year/year to $460.3 mln vs the $128.84 mln S&P Capital IQ Consensus. Comparable store net sales, which includes e-commerce net sales, increased 2.4% compared to an increase of 0.1% during last year's first quarter. E-commerce net sales increased 29.6% and represented ~15.1% of total net sales this year, compared to a decrease of 7.2% and a 12.2% share of total net sales last year. Comparable store net sales in physical stores decreased 1.4% and represented ~84.9% of total net sales, compared to an increase of 1.2% and an 87.8% share of total net sales last year.
• Co issues downside guidance for Q2, sees EPS of $0.17-0.23 vs. $0.27 S&P Capital IQ Consensus; sees Q2 revs of $154-159 mln vs. $160.43 mln S&P Capital IQ Consensus. 
•  The Company's quarter-to-date comparable store net sales have decreased 6.6% through Memorial Day weekend. The Company believes this slow start is largely attributable to unseasonable weather across much of the country, particularly in California where 95 of the Company's 228 total stores reside, resulting in weak sales results across almost all spring/summer product categories. The Company believes these results will improve over the remainder of the second quarter, assuming more normal weather patterns occur