Shares of apparel retailer Tilly’s, Inc. (TLYS) are falling more than 22% in the morning trade on Friday despite improved fourth-quarter results.
Net income was $12.1 million, or $0.38 per diluted share, compared with $8.9 million, or $0.29 per diluted share, last year.
Net sales for the quarter increased 14.9% year-over-year to $204.5 million.
Tilly’s stock, currently at $9.50, has touched a new low of $9.26 this morning.
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