Filing Flows › Tilly's (TLYS) › Q2 FY27
Tilly's (TLYS) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Sep 3, 2026
Tilly's (TLYS) reported revenue of $164M for the second quarter fiscal 2027 (Q2 FY27), +8% from a year earlier and +31% from the quarter before. Operating margin was 5.0%, net earnings $8.4M (5.1% of revenue).
Tilly's, Q2 FY27: revenue $164M (+8% year over year), operating margin 5.0%, net earnings $8.4M, operating cash flow $22.4M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $164M | +31% | +8% |
| Gross profit | $58.1M | +61% | +18% |
| Operating profit | $8.2M | — | +205% |
| Net earnings | $8.4M | — | +165% |
| Operating cash flow | $22.4M | — | +60% |
| Free cash flow | $20.9M | — | +56% |
What changed
Revenue was $163.5M in Q2 FY27, up 8% year over year and up 31% from the previous quarter. Retail stores was the largest line at 79% of revenue. Retail stores added $6.3M year over year (up 5%), 51% of the total change.
Gross margin was 35.5%, up 3.1 points from Q2 FY26. Operating profit was $8.2M, a 5.0% margin (up 3.2 points year over year). Of the extra revenue versus Q2 FY26, 45% reached operating profit, above the 2% margin then. Operating expenses grew 8% against revenue growth of 8%. Net earnings were $8.4M, up 165% year over year. The effective tax rate was 1.0%.
Operating cash flow was $22.4M (up 60% year over year), 267% of net earnings. Non-cash charges added back $2.2M of depreciation and amortization and $675K of share-based compensation. Working capital and other items added $11.1M. Capital expenditures of $1.4M left free cash flow of $20.9M.
Questions
What was Tilly's revenue in the second quarter fiscal 2027?
Tilly's (TLYS) reported revenue of $164M for the second quarter fiscal 2027 (Q2 FY27), +8% from a year earlier and +31% from the quarter before.
Was Tilly's profitable in the second quarter fiscal 2027?
Operating profit was $8.2M (5.0% of revenue) and net earnings $8.4M.
Source: Tilly's 10-Q on SEC EDGAR.