Tilly's, Inc. Declares Special Cash Dividend, Payable on February 20, 2018; Provides Tax Guidance for the Year Ending February 2, 2019
January 25, 2018 at 06:30 am EST
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Tilly's, Inc. announced that its Board of Directors has declared a special cash dividend of $1.00 per share, or approximately $29.1 million in the aggregate, on the Company's outstanding Class A and Class B common stock. This one-time, special dividend is payable on February 20, 2018 to stockholders of record at the close of business on February 9, 2018.
The company currently estimates that its annual effective tax rate for its 2018 fiscal year ending February 2, 2019 will be approximately 27%.
Tilly's, Inc. is a specialty retailer of casual apparel, footwear, accessories, and hardgoods for young men, young women, boys and girls. The Companyâs stores are located in a variety of retail centers, including malls, lifestyle centers, power centers, community centers, outlet centers, and street-front locations. Customers may also shop online, where it features the same assortment of products as is carried in its stores, supplemented by additional online-only styles. The Company operates over 248 stores in 33 states. The Company's third-party brands include adidas, Champion, Dr. Martens, BDG, Converse, Edikted, Billabong, Crocs, Ethika, Birkenstock, Diamond Supply, Free People, Brixton, Dickies, G-Shock, Herschel Supply Co., HUF, Hydro Flask, Jansport, Levi's and others. It supplements its third-party merchandise assortment with its own proprietary brands across many of its product categories. It sells merchandise over the Internet through its e-commerce Website, www.tillys.com.
TILLY'S, INC. 
