Segment Information

3 Months Ended

May 02, 2026

Tillys operates in one, consolidated operating and reportable segment, which is as a retailer of casual apparel, footwear, accessories, and hardgoods (the "retail segment"). Our chief operating decision maker ("CODM") is our President and Chief Executive Officer. Our CODM reviews financial information on a consolidated basis for the purposes of evaluating financial performance, allocating resources and making operational decisions.

The retail segment derives revenues from our stores located in a variety of retail centers in the United States and via our website. We identified one reportable segment based on the similar nature of products sold, production, merchandising and distribution processes involved, target customers, and economic characteristics.

The CODM measures performance for the segment primarily based on operating (loss) income. The CODM uses operating (loss) income to evaluate operating performance and determine allocation of resources to seek to promote improved performance.

The measure of segment assets is reported as total assets on the Consolidated Balance Sheet. The accounting policies of the retail segment are the same as those described in "Note 2: Summary of Significant Accounting Policies".

Financial information, including segment revenue, significant expenses, and operating loss for the thirteen week periods ended May 2, 2026 and May 3, 2025 were as follows (in thousands):


	Thirteen Weeks Ended
	May 2, 2026		May 3, 2025
Net sales	$	124,718	$	107,611
Product COGS (1)	54,184		51,007
Occupancy (2)	22,254		24,163
Other COGS (3)	12,208		11,156
Gross profit	36,072		21,285
Store payroll and related benefits	20,419		19,978
Marketing	5,650		5,094
Other selling costs (4)	4,449		4,624
Office costs (5)	13,652		14,278
Operating loss	(8,098)		(22,689)
Other income, net	282		398
Income tax expense (benefit)	137		(139)
Net loss	$	(7,953)	$	(22,152)

(1) Product COGS consists of branded and private label merchandise costs, including design, sourcing, and inbound freight costs.

(2) Occupancy consists of store operating lease charges and depreciation.

(3) Other COGS consists of buying, and distribution costs, including but not limited to outbound shipping costs, buying and distribution payroll and related benefits, depreciation, and temporary labor.

(4) Other selling costs consists primarily of e-com fulfillment labor, credit card processing fees, store supplies and equipment, and other store services.

(5) Office costs consists primarily of corporate office payroll and related benefits, computer services, non-cash asset impairment charges, consulting and professional services, and insurance.

- Definition

The entire disclosure for segment reporting.

+ References

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+ Details

TILLY'S, INC. 10-Q