Filing Flows › Tilly's (TLYS) › Q1 FY27
Tilly's (TLYS) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jun 4, 2026
Tilly's (TLYS) reported revenue of $125M for the first quarter fiscal 2027 (Q1 FY27), +16% from a year earlier and -20% from the quarter before. Operating margin was -6.5%, net loss $8.0M (6.4% of revenue).
Tilly's, Q1 FY27: revenue $125M (+16% year over year), operating margin -6.5%, net loss $8.0M, operating cash flow −$3.9M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $125M | -20% | +16% |
| Operating profit | −$8.1M | — | — |
| Net earnings | −$8.0M | — | — |
| Operating cash flow | −$3.9M | — | — |
What changed
Revenue was $124.7M in Q1 FY27, up 16% year over year and down 20% from the previous quarter. Retail stores was the largest line at 77% of revenue. Retail stores added $10.4M year over year (up 12%), 61% of the total change.
Gross margin was 28.9%, up 9.1 points from Q1 FY26. Operating costs exceeded revenue by $8.1M, an operating margin of -6.5%. Operating expenses grew 0% against revenue growth of 16%. The quarter ended with a net loss of $8.0M, after a profit of $2.9M the previous quarter.
Operating cash flow was −$3.9M. Non-cash charges added back $2.3M of depreciation and amortization and $503K of share-based compensation. Working capital and other items added $1.3M. Capital expenditures of $1.4M exceeded it, leaving free cash flow of −$5.3M.
Questions
What was Tilly's revenue in the first quarter fiscal 2027?
Tilly's (TLYS) reported revenue of $125M for the first quarter fiscal 2027 (Q1 FY27), +16% from a year earlier and -20% from the quarter before.
Was Tilly's profitable in the first quarter fiscal 2027?
Operating loss was $8.1M (-6.5% of revenue) and net loss $8.0M.
Source: Tilly's 10-Q on SEC EDGAR.