Tilly's (NYSE: TLYS) reported earnings on May 29. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended May 4 (Q1), Tilly's beat slightly on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased. GAAP earnings per share dropped significantly.

Margins contracted across the board.

Revenue details
 Tilly's reported revenue of $109.1 million. The eight analysts polled by S&P Capital IQ expected revenue of $107.2 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $96.5 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.08. The eight earnings estimates compiled by S&P Capital IQ predicted $0.07 per share. GAAP EPS of $0.08 for Q1 were 56% lower than the prior-year quarter's $0.18 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 29.5%, 200 basis points worse than the prior-year quarter. Operating margin was 3.6%, 260 basis points worse than the prior-year quarter. Net margin was 2.1%, 160 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $126.7 million. On the bottom line, the average EPS estimate is $0.13.

Next year's average estimate for revenue is $527.3 million. The average EPS estimate is $0.82.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 30 members out of 31 rating the stock outperform, and one members rating it underperform. Among seven CAPS All-Star picks (recommendations by the highest-ranked CAPS members), seven give Tilly's a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tilly's is outperform, with an average price target of $15.57.

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