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.
Eric Volkman has no position in Tilly's. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.