TLYS - Tilly's Valuation Keeps Decreasing But The Stock Is Not An Opportunity Without Signs Of A Turnaround
2024-06-20 01:44:20 ET
Summary
- Tilly's 1Q24 results show negative revenue comparables and large operating losses.
- Despite small signs of change in management and operations, the company's valuation remains uncertain due to ongoing losses and cash reserve consumption.
- Tilly's stock may be attractive for aggressive investors speculating on a turnaround, but the lack of evidence for improvement suggests caution.
This article covers Tilly's ( TLYS ) 1Q24 results and earnings call .
Tilly's is an apparel retailer from the US. I started covering the company in February 2024 with a Hold rating. The rating was based on the company's consistently negative comparable sales and operational losses. The company trades at a low valuation if we assume it can return to pre-pandemic profitability levels, but that is uncertain....
Tilly's Valuation Keeps Decreasing, But The Stock Is Not An Opportunity Without Signs Of A Turnaround