This Undercover Growth Stock Crashed More Than 20% After a Downbeat Announcement
Tilly's (NYSE: TLYS) reported fourth-quarter and fiscal-year 2021 earnings after the market closed on March 10. The market was spooked by what the company revealed, and the stock dropped by 24% the day following the announcement.
Tilly's, a specialty clothing retailer that caters to preteens and young adults, was devastated at the pandemic's onset when it had to shut its doors temporarily. It has since recovered, reporting record sales and profits. So let's take a closer look at the quarter's results and see what could have spooked investors.
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Source Fool.com
