Revenue growth (FY, 2016 - FY, 2017), %3%

Gross profit (FY, 2017)168.5 M

Gross profit margin (FY, 2017), %30%

Net income (FY, 2017)11.4 M

EBIT (FY, 2017)19.3 M

Cash, 28-Oct-201738.9 M

USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
---|---|---|---|---|

## Revenue | 495.8 m | 518.3 m | 551 m | 569 m |

## Revenue growth, % | 5% | 6% | 3% | |

## Cost of goods sold | 383.7 m | 400.5 m | ||

## Gross profit | 167.2 m | 168.5 m | ||

## Gross profit Margin, % | 30% | 30% | ||

## General and administrative expense | 149.2 m | 149.1 m | ||

## Operating expense total | 149.2 m | 149.1 m | ||

## EBIT | 29.7 m | 23.2 m | 18.1 m | 19.3 m |

## EBIT margin, % | 6% | 4% | 3% | 3% |

## Pre tax profit | 18.1 m | 19.7 m | ||

## Income tax expense | 10.6 m | 8.3 m | ||

## Net Income | 18.1 m | 14.1 m | 7.5 m | 11.4 m |

- Source: SEC Filings

USD | Q3, 2013 | Q3, 2014 | Q2, 2014 | Q1, 2014 | Q2, 2015 | Q1, 2015 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 130 m | 141.7 m | 120.2 m | 136.4 m | 152.1 m | 120.9 m | 138.8 m | ||||||

## Cost of goods sold | 93.4 m | 97.1 m | 87.6 m | 97.6 m | 104.1 m | 88 m | 97.9 m | 102.7 m | |||||

## Gross profit | 36.6 m | 44.6 m | 32.6 m | 38.8 m | 48 m | 32.9 m | 40.9 m | ||||||

## Gross profit Margin, % | 28% | 32% | 27% | 28% | 32% | 27% | 29% | ||||||

## General and administrative expense | 35.5 m | 39.3 m | 36.6 m | 36.6 m | 37.3 m | 33.2 m | 42.2 m | ||||||

## Operating expense total | 35.5 m | 39.3 m | 36.6 m | 36.6 m | 37.3 m | 33.2 m | 42.2 m | ||||||

## EBIT | 1.1 m | 5.4 m | (4 m) | 2.2 m | 10.7 m | (329 k) | (1.2 m) | 14.1 m | |||||

## EBIT margin, % | 1% | 4% | (3%) | 2% | 7% | (0%) | (1%) | ||||||

## Pre tax profit | 1.1 m | 5.4 m | (3.9 m) | 2.3 m | 10.8 m | (91 k) | (1 m) | 14.5 m | |||||

## Income tax expense | 554 k | 2.6 m | (1.1 m) | 890 k | 4.4 m | 70 k | (446 k) | 5.7 m | |||||

## Net Income | 6.1 m | 5.1 m | 1.3 m | 591 k | 560 k | 1.3 m | 2.8 m | (2.7 m) | 1.4 m | 6.4 m | (161 k) | (596 k) | 8.8 m |

- Source: SEC Filings

USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
---|---|---|---|---|---|

## Cash | 25.4 m | 49.8 m | 51 m | 79 m | 79 m |

## Inventories | 11.8 m | 12.3 m | 13 m | 9.5 m | |

## Current Assets | 126.9 m | 153.3 m | 170.7 m | 195.2 m | 195.2 m |

## PP&E | 100.9 m | 101.3 m | 99 m | 89.2 m | 89.2 m |

## Total Assets | 232.4 m | 257.6 m | 270.8 m | 290.5 m | 290.5 m |

## Accounts Payable | 19.6 m | 23.1 m | 16 m | 17.6 m | 17.6 m |

## Current Liabilities | 46.2 m | 55.3 m | 55.8 m | 65.4 m | 65.4 m |

## Non-Current Liabilities | 45.3 m | 43.6 m | 41.7 m | 35.9 m | 35.9 m |

## Total Liabilities | 91.5 m | 98.9 m | 97.5 m | 101.3 m | 101.3 m |

## Common Stock | 11 k | 11 k | 12 k | 14 k | 14 k |

## Additional Paid-in Capital | 122.9 m | 126.6 m | 133.6 m | 138.1 m | 138.1 m |

## Retained Earnings | 18 m | 32.1 m | 39.6 m | 51 m | 51 m |

## Total Equity | 140.9 m | 158.7 m | 173.2 m | 189.2 m | 189.2 m |

## Financial Leverage | 1.6 x | 1.6 x | 1.6 x | 1.5 x | 1.5 x |

USD | Q3, 2013 | Q3, 2014 | Q2, 2014 | Q1, 2014 | Q2, 2015 | Q1, 2015 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Cash | 20.7 m | 31.4 m | 32.4 m | 27.4 m | 51.7 m | 44.2 m | 46.3 m | 43.5 m | 56.5 m | 43.4 m | 52.8 m | 43.6 m | 38.9 m |

## Inventories | 9.8 m | ||||||||||||

## Current Assets | 126.3 m | 142 m | 150.2 m | 126.5 m | 181.2 m | 158.5 m | 166.1 m | 170.1 m | 197.2 m | 186.2 m | 174.3 m | 200.9 m | 197.5 m |

## PP&E | 102.4 m | 105.6 m | 105.9 m | 105.1 m | 101.2 m | 101.3 m | 102.5 m | 98.8 m | 97.4 m | 93.2 m | 87.8 m | 89.1 m | 87.6 m |

## Total Assets | 232.1 m | 252.7 m | 261.1 m | 236.3 m | 285.5 m | 262.6 m | 272.4 m | 270 m | 296 m | 284.8 m | 268.4 m | 296.9 m | 292.9 m |

## Accounts Payable | 27 m | 27.9 m | 38.1 m | 21.8 m | 39.1 m | 24.9 m | 24.8 m | 21.5 m | 41.4 m | 26.6 m | 22.8 m | 41.7 m | 27.3 m |

## Current Liabilities | 52.7 m | 57.5 m | 72.1 m | 48.4 m | 75.5 m | 56 m | 59.5 m | 58.1 m | 83.9 m | 67.4 m | 64.5 m | 94.2 m | 79.4 m |

## Non-Current Liabilities | 44.6 m | 44.5 m | 44.3 m | 45.7 m | 44.1 m | 42.8 m | 43.2 m | 40.6 m | 38.8 m | 37.1 m | |||

## Total Liabilities | 97.3 m | 102 m | 116.4 m | 94.1 m | 119.6 m | 98.8 m | 102.7 m | 98.8 m | 122.7 m | 104.5 m | 98.9 m | 127.2 m | 113.8 m |

## Common Stock | 11 k | 11 k | 11 k | 11 k | 12 k | 12 k | |||||||

## Additional Paid-in Capital | 122.2 m | 125.7 m | 124.8 m | 123.6 m | 132 m | 130.4 m | 132.9 m | 134.3 m | 134.9 m | 135.5 m | 138.8 m | 139.5 m | 140.2 m |

## Retained Earnings | 12.6 m | 25 m | 19.9 m | 18.6 m | 33.9 m | 33.4 m | 36.7 m | 36.9 m | 38.3 m | 44.7 m | 30.6 m | 30 m | 38.8 m |

## Total Equity | 134.8 m | 150.7 m | 144.7 m | 142.2 m | 165.9 m | 163.8 m | 169.7 m | 171.2 m | 173.3 m | 180.3 m | 169.5 m | 169.6 m | 179.1 m |

## Financial Leverage | 1.7 x | 1.7 x | 1.8 x | 1.7 x | 1.7 x | 1.6 x | 1.6 x | 1.6 x | 1.7 x | 1.6 x | 1.6 x | 1.8 x | 1.6 x |

USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
---|---|---|---|---|---|

## Net Income | 18.1 m | 14.1 m | 7.5 m | 11.4 m | 11.4 m |

## Depreciation and Amortization | 19.4 m | 21.2 m | 22.8 m | 23.3 m | 23.3 m |

## Accounts Receivable | 108.7 m | 47.9 m | 5.6 m | ||

## Inventories | 4.9 m | 709 k | (5.8 m) | ||

## Accounts Payable | 1.6 m | 3.7 m | (7 m) | 1.6 m | 1.6 m |

## Cash From Operating Activities | 8.1 m | 24.4 m | 1.2 m | 48.5 m | 48.5 m |

## Purchases of PP&E | (42.7 m) | (23.6 m) | (23.1 m) | (17 m) | (17 m) |

## Cash From Investing Activities | (37.5 m) | (23.5 m) | (38 m) | (21.7 m) | (21.7 m) |

## Cash From Financing Activities | 1.8 m | (432 k) | 2.3 m | 1.2 m | 1.2 m |

## Interest Paid | 253 k | 182 k | 133 k | 82 k | 82 k |

## Income Taxes Paid | 15 m | 4.5 m | 7.5 m | 8.8 m | 8.8 m |

USD | Q3, 2013 | Q3, 2014 | Q2, 2014 | Q1, 2014 | Q2, 2015 | Q1, 2015 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 |
---|---|---|---|---|---|---|---|---|---|---|---|---|

## Net Income | 12.7 m | 7 m | 1.9 m | 591 k | 1.8 m | 1.3 m | 4.7 m | (2.7 m) | (1.3 m) | 5.1 m | (161 k) | (757 k) |

## Depreciation and Amortization | 14.5 m | 15.6 m | 10.2 m | 4.8 m | 11.3 m | 5.6 m | 17 m | 5.8 m | 11.7 m | 17.5 m | 5.8 m | 11.9 m |

## Accounts Payable | 8.1 m | 8.2 m | 18.4 m | 2.2 m | 15.9 m | 1.5 m | 1.4 m | 5.1 m | 25.1 m | 10.7 m | 5.1 m | 24.1 m |

## Cash From Operating Activities | 27.3 m | 21.1 m | 11.7 m | 103 k | 607 k | (3 m) | 6.4 m | (8 m) | 6.2 m | 19.6 m | (5 m) | 2.9 m |

## Purchases of PP&E | (36 m) | (19.8 m) | (14.6 m) | (7.9 m) | (11.5 m) | (5.1 m) | (17.5 m) | (4.3 m) | (10.4 m) | (14.8 m) | (3 m) | (7 m) |

## Cash From Investing Activities | (25.9 m) | (14.7 m) | (4.5 m) | 2.1 m | (1.5 m) | (5.1 m) | (12.4 m) | 737 k | (245 k) | (26.5 m) | (779 k) | (17.8 m) |

## Dividends Paid | (20.1 m) | (20.1 m) | ||||||||||

## Cash From Financing Activities | 2 m | (383 k) | (208 k) | (185 k) | 2.8 m | 2.5 m | 2.6 m | (301 k) | (521 k) | (714 k) | (20.4 m) | (20.5 m) |

## Interest Paid | 194 k | 141 k | 97 k | 50 k | 73 k | 38 k | 105 k | 25 k | 48 k | 67 k | 12 k | 20 k |

## Income Taxes Paid | 8 m | 624 k | 63 k | 3.7 m | 1.8 m | 4.2 m | 3.5 m | 3.5 m | 3.6 m | 4.6 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 406.4 k |

## Financial Leverage | 1.6 x |

Tilly's's Stores was reported to be 222 in Q1, 2018