Tilly’s Inc. (TLYS) has reported fiscal third-quarter earnings of $6.4 million.
The Irvine, California-based company said it had net income of 22 cents per share.
The results surpassed Wall Street expectations. The average estimate of analysts was for earnings of 10 cents per share.
The clothing and accessories retailer posted revenue of $152.1 million in the period, which also beat Street forecasts. Analysts expected $142.5 million.
Tilly’s shares have increased 49 percent since the beginning of the year. On Wednesday, shares hit $9.87, an increase of 60 percent in the last 12 months.
Do the fortunes of TLYS bode well for retail, and specifically clothing retailers? Holiday shopping seems to be strong so far. An uptick would be eagerly enjoyed by an industry that has suffered over the past few years, seeing many well known clothing retailers in deep financial trouble. It may be time to review some of these retail stocks for value investing.