Net income soared 165% in the second quarter to $8,381,000 from $3,165,000 as TLYS operating momentum continued, with revenues 8% higher at $163,508,000 against $151,256,000 and blended comps up 12.1%. Sales at brick-and-mortar stores grew 5% to $129.0 million with a +10.3% comp, while e-commerce sales jumped 21% to $34.5 million, led by TikTok. The store fleet is down a dozen stores from a year ago, to 220 locations, with one store opening and one closing in Q2.
The third straight quarter of double-digit comp growth was driven by solid Back-to-School demand ... Log in to view full article.