Tilly's Inc Lowers Q4, FY 2012 EPS Guidance

Tilly's Inc announced that for fourth quarter of 2012, it expects GAAP net income to be in the range of $9.0 million to $9.3 million, or $0.32 to $0.33 per diluted share. On an adjusted basis, using an anticipated on-going effective tax rate of 40%, adjusted net income in the fourth quarter is expected to be in the range of $8.1 million to $8.4 million, or $0.29 to $0.30 per diluted share. For fiscal 2012, it expects on a GAAP basis, net income to be in the range of $0.89 to $0.90 per diluted share. On an adjusted basis, excluding the one-time charge to recognize life-to-date stock-based compensation recorded in the second quarter of 2012, adjusted net income, using a 40% adjusted on-going effective tax rate for the full year, is expected to be in the range of $0.87 to $0.88 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.32 for fourth quarter of 2012; EPS of $0.91 for fiscal 2012.