Shares of clothier Tilly's (NYSE: TLYS ) are down in after-market trading in the wake of the company's Q4 and fiscal 2013 results. For the quarter, net sales came in at just under $140 million, a slight decline from the nearly $141 million in the same period the previous year. Higher cost of goods sold, and selling, general and administrative expenses cut into net income, which landed at $5.4 million ($0.19 per diluted share). This was substantially lower than Q4 2012's $9.8 million ($0.35).
Analysts had been expecting revenue of $140 million and EPS of $0.18.
For the full year, top line was $496 million, an improvement over the previous year's $467 million. Net profit was $18 million ($0.65 per diluted share), compared with the 2012 tally of almost $24 million ($0.92).
The company proffered guidance for its current Q1. Citing "volatile and weak traffic trends and a highly promotional environment in teen retail," it expects a decline in same-store sales for the quarter. Diluted EPS, it believes, will be $0.00 to $0.04.
Following the announcement of the results, in after-hours trading the retailer's stock declined by 8%, or $1.05, to $12.80.