Tilly's, Inc. reported its fiscal 2025 first quarter financial results, revealing a decrease in total net sales to $107.6 million, down 7.1% compared to the same period last year. Total comparable net sales, which include both physical stores and e-commerce, decreased by 7.0% over the comparable 13-week period ended May 4, 2024. This marks a 4.2 percentage point improvement from the previous quarter's 11.2% decrease in comparable net sales. The company reported a net loss of $22.2 million, or $0.74 per share, compared to a net loss of $19.6 million, or $0.65 per share, in the same period last year. Operating loss for the quarter was $22.7 million, representing 21.1% of net sales, up from $20.8 million, or 17.9% of net sales, in the prior year. Looking ahead, Tilly's has introduced its second quarter outlook, anticipating net sales in the range of approximately $150 million to $158 million. This guidance translates to an estimated comparable net sales range of a decrease of 5% to flat compared to the prior year. The company expects SG&A expenses to be approximately $48 million to $49 million, excluding potential non-cash asset impairment charges. Tilly's projects a net loss of approximately $2.7 million to net income of approximately $2.0 million for the second quarter, with a near-zero effective income tax rate due to a full, non-cash valuation allowance on deferred tax assets. Hezy Shaked, President and CEO, noted the improvement in sales trends and expressed optimism about the stabilization of the business, attributing it to their merchandise assortment being on trend. The company continues to explore opportunities to enhance its business performance.