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The Dow Jones Industrial Average is the oldest stock market index in the U.S. It is a price-weighted index that tracks the performance of 30 of the largest publicly traded companies in the country. Its member companies span a variety of sectors and industries, and it is considered by many to be a reliable indicator of stock market performance and the health of the overall economy. There are only a few broad criteria for a company's inclusion: Be incorporated and headquartered in the U.S. Have the largest percentage of revenue derived from the U.S. Be a member of the S&P 500 . Be a non-transportation or non-utility company. Because it's price-weighted, the highest-priced stock should be no more than 10 times that of the lowest-priced stock in the index. The company must have "an excellent reputation, demonstrate sustained growth, and is of interest to a large number of investors," according to S&P Global . Nvidia ( NVDA -3.22% ) is the most recent addition to the Dow Jones, joining the benchmark on Nov. 8 and replacing chipmaker Intel . That makes it one of only three companies to make the cut so far this year. Over the past decade, Nvidia's revenue has climbed 2,300%, while its net income has surged 8,460%. This, in turn, has fueled stock price gains of 28,940% (as of this writing). As a result of its meteoric rise, the artificial intelligence (AI) chipmaker recently completed a 10-for-1 forward stock split after years of strong business and financial results. The new, lower share price paved the way for Nvidia's inclusion in the Dow. Despite Nvidia's parabolic move higher, many on Wall Street believe the stock still has further to run. From humble beginnings Nvidia has long been known for its prowess in developing top-notch graphics processing units (GPUs) that are the first choice among serious gamers. In 1999, the company pioneered the use of parallel computing in its chips, which allows them to run a multitude of mathematical computations simultaneously. By breaking up these massive compute jobs into smaller, more manageable pieces, the company reinvented the gaming industry. In fact, as recently as early 2022, gaming still represented the majority of Nvidia's revenue. But a paradigm shift was coming. It didn't take long before Nvidia realized it could use this technology in a variety of other applications. By 2006, scientists and data researchers discovered that GPUs could be used for other computationally intensive processes, including high-performance computing (HPC), machine learning (a subset of AI), and data centers. This pivot set the stage for the generative AI revolution that kicked off early last year. It's estimated that Nvidia controls as much as 98% of the data center GPU market, according to semiconductor analyst company TechInsights. Since the vast majority of AI processing takes place in data centers, the accelerating adoption of AI directly benefits Nvidia, as its GPUs are the cornerstone of the technology. The company delivered five consecutive quarters of triple-digit, year-over-year growth, so a slowdown was inevitable. However, its most recent results are still enviable. For its fiscal 2025 third quarter (ended Oct. 27), Nvidia generated record revenue of $35 billion, surging 94% year over year and 17% sequentially. This resulted in adjusted earnings per share (EPS) of $0.81, which soared 103%. Management is predicting its growth spurt will continue, albeit at a more moderate pace. The company is guiding for Q4 revenue of $37.5 billion, which would represent growth of 70%. The biggest unknown, at this point, is the ongoing supply constraints, which management predicts will persist well into next year. However, if Nvidia's suppliers can accelerate output, sales could jump. Wall Street is still bullish on Nvidia Given the company's pivotal position in the AI revolution, Wall Street is understandably bullish on the company's prospects. Of the 64 analysts who have offered an opinion thus far in November, 94% rate the stock a buy or strong buy, and none recommend selling. Furthermore, an average price target of roughly $170 suggests there's still upside potential of 16% compared to Nvidia's closing price on Wednesday. Rosenblatt analyst Hans Mosesmann continues to be the biggest Nvidia bull on Wall Street. In the wake of the company's impressive results and robust guidance, the analyst maintained a buy rating on the stock while increasing his price target to a Street-high $220, which represents potential gains for investors of 50%. Mosesmann cited Nvidia's "beat and raise" quarter, strong demand for its Hopper chips, and the upcoming ramp of its Blackwell architecture as catalysts to push the stock higher. He isn't the only one that's bullish: A whopping 15 analysts boosted their price targets for Nvidia on the heels of its results. Some investors may be hesitant to buy the stock given its lofty valuation, and on the surface, that argument has weight. After all, Nvidia is currently selling for 69 times earnings and 38 times sales, which certainly appears expensive. However, Wall Street expects Nvidia to generate EPS of $4.36 in fiscal 2026, which begins in late January. That works out to roughly 33 times forward earnings. I'd argue that's an attractive price to pay for an industry leader with unrivaled market share and a solid runway for growth ahead. For my money, Nvidia is a buy .Judges at the Supreme Court are to consider how women are defined in law in a landmark case brought by Scottish campaigners. It is the culmination of a long-running legal dispute which started with a relatively niche piece of legislation at the Scottish Parliament, but which could have big UK-wide implications. It will set out exactly how the law is meant to treat trans people, and what it really means to go through the gender recognition process. And it could have implications for the running of single-sex spaces and services, and how measures aimed at tackling discrimination will operate in future. At the most basic level, it will address what “sex” actually means in law. Is it about biology and chromosomes set at birth, or does it tie in ideas of gender identity and the gender recognition process? The Gender Recognition Act of 2004 established the process for obtaining a gender recognition certificate - something it states amounts to a change of sex “for all purposes”. When someone gets a gender recognition certificate, "if the acquired gender is the male gender, the person's sex becomes that of a man, and if it is the female gender, the person's sex becomes that of a woman". Then the Equality Act of 2010 came along to set out legal protections against discrimination for specific groups - with “sex”, "sexual orientation" and “gender reassignment” included as protected characteristics. It simply defines a woman as "a female of any age". There has been much dispute about how these two pieces of legislation sit together. When the Equality Act talks about “sex”, does it mean biological sex - or legal, "certificated" sex as defined by the GRA? This case won’t change the letter of the law, but a ruling on how it should be interpreted could have big implications for how all kinds of public bodies and services operate, and whether others might be open to legal challenges. There has been particular controversy in light of the debate about whether the gender recognition process should be streamlined - there was a lengthy wrangle at Holyrood over “self-identification” reforms. Those were ultimately blocked by the UK government , which claimed they would have a "significant impact" on the Equality Act. But it plays into a number of other rows, with Scotland’s Rape Crisis network currently in turmoil about how its centres define women and provide single-sex spaces. Public bodies have expressed frustration about a lack of clarity around interpretation of the law, having been left to work out policy on their own. Police Scotland - which has faced questions over how it treats transgender people - has criticised an “absence of direction” from politicians in Edinburgh and London over how to reconcile the gender recognition process with the Equality Act. With political leaders increasingly wary of the topic and the fierce debates which go along with it, it has ultimately fallen to the courts to adjudicate. MSPs at Holyrood passed the Gender Representation on Public Boards (Scotland) Act in 2018, with the aim of getting more women onto public sector boards. That law’s definition of “woman” included people who were “living as a woman” and were currently or proposing to undergo the gender reassignment process. The campaign group For Women Scotland challenged this in court, and after a series of appeals they eventually prevailed . Judges ruled that the definition used “conflates and confuses two separate and distinct protected characteristics” laid out in the Equality Act - a reserved piece of legislation which MSPs do not have the power to alter. The Scottish government had to amend the bill to remove the definition. But at the same time they issued new guidance alongside the legislation, stating that it would include women as defined by the Equality Act - and also the Gender Recognition Act (GRA), to the effect that a full gender recognition certificate could be taken as a declaration of someone’s sex “for all purposes”. For Women Scotland challenged this guidance in a fresh judicial review, which ended in defeat. Judge Lady Haldane ruled in December 2022 that the definition of sex was “not limited to biological or birth sex” , but included those in possession of a gender recognition certificate. That ruling is what For Women Scotland are challenging at the Supreme Court. They have already lost one appeal in the Scottish courts, but judges in Edinburgh agreed to push the case straight to the Supreme Court in London for a definitive ruling. The issue being considered by the court is whether “a person with a full gender recognition certificate - which recognises their gender is female - is a ‘woman’ for the purposes of the Equality Act”. For Women Scotland say the answer to that question is no. They argue that sex is a “matter of biological fact”, and that “the ordinary, biological meaning of sex is necessary to ensure the rights and protections provided to women”. They say the Equality Act consistently refers to sex in terms of “immutable biological criteria”, and that it supersedes the GRA thanks to a subsection of the 2004 Act which nods to it being subject to “provision made by ... any other enactment”. The Scottish government meanwhile essentially argues that the two pieces of legislation are clear in their language, and that MPs knew what they were doing when they passed them. It says there is "no express provision" made in the Equality Act to affect the GRA's wording that a certificate changes someone's sex. Indeed it says there are "clear indications" in the 2010 Act that the GRA "is intended to continue to have full effect" - "namely to reflect, by way of a person having acquired another gender, a change as a matter of law in their sex". For Women Scotland will be represented in court by Aidan O'Neill KC, while Ruth Crawford KC will speak for the Scottish government. Five judges will hear their arguments - headed by the court's president, Lord Reed - and will retire to consider them before issuing a judgement at a later date. This issue has become so emotive because people on both sides see it as a threat to their very identity. The most recent census found there were 19,990 people in Scotland who were trans, or had a trans history - under 0.5% of the adult population. The figure for England and Wales is also around 0.5% - 262,000 people told the last census that their gender identity and birth sex were different. There is uncertainty around the true figures, with census returns thought to be overestimated - but what we know for sure is that 1,088 full gender recognition certificates were granted across the UK in 2023-24, up from 867 the previous year. The figure has been rising since application costs were cut - and in the context of this case, it is people with full GRCs who are central. Beyond this, equalities groups stress that there are a great many minority groups which are protected by the Equality Act, and see this case as potentially being the "thin end of the wedge" which could undermine their rights. For trans people, they say it could erode the protections against discrimination they have under their reassigned gender. If someone has a gender recognition certificate attesting that they are a woman, are they entitled to protection from sex discrimination under the Equality Act? Could they make an equal pay claim as a woman? The UK’s first trans judge - who unsuccessfully applied to intervene in this case - is said to have pursued a pensions claim along those very lines against the Ministry of Justice. Meanwhile women’s groups also say the ruling will have an impact on a large group - literally half of the population. They say it could affect the running of single-sex services and spaces. Things like support groups for victims of sexual abuse can only legally justify excluding men due to the Equality Act’s protections. Campaigners say everything from hospital wards to refuges and sports events might have to change policy or find themselves open to legal challenges based on the court's ruling. Lesbian groups - protected under "sexual orientation" in the 2010 Act - also say it could affect their ability to have exclusive clubs. There could also be political implications. Some groups see the case as a reason to clarify the actual wording of the law, by having MPs amend the Equality Act itself. The Equality and Human Rights Commission - the national equalities regulator, which is intervening in the case - has called for this. They say that MPs did intend to include those with a gender recognition certificate as having changed their sex when they passed the Act in 2010, but that they may not have appreciated consequences which "jeopardise the rights and interests of women and same-sex attracted people". They say this is a "wholly unsatisfactory situation, which parliament should address with urgency". But some other equalities groups oppose "reopening" the Equality Act, seeing it as a move which could see the rights of protected groups watered down. And it's not clear that there is the political will for governments to wade into this topic. The Scottish government previously tried to take the lead, when Nicola Sturgeon led the charge with self-identification reforms. But her successors as first minister have backed away from these issues, with current first minister John Swinney pushing plans for a ban on conversion therapy onto the UK government's desk by calling for a four-nation approach. At a UK level, rewriting the Equality Act was a Conservative pledge during the election campaign - and not one which Sir Keir Starmer matched. Indeed Labour's manifesto promised to "simplify and reform" the gender recognition process, removing "indignities". As well as affecting the interpretation of the law as it stands, the ruling in this case could reignite calls for reform in parliament itself.Saratoga Entries for Tuesday, Nov. 26 SARDELLA SELECTIONS First Post Time: Noon Race 1: 8- Tattoman: Broke at 1-9 last time, avenges despite the post; 5- Pilsner Frosty: Only beaten a length in her Spa debut; 1- Green Meadow: Speed and the rail to threaten; 2- Flex Your Muscles Race 2: 3- Imgoingtojackson: Close in [...]IRVINE, Calif.--(BUSINESS WIRE)--Dec 5, 2024-- Tilly’s, Inc. (NYSE: TLYS, the "Company") today announced financial results for the third quarter of fiscal 2024 ended November 2, 2024. "Our third quarter results included our best quarterly comp sales performance since fiscal 2021, our first month of positive comp sales since February 2022 during fiscal August, and our second consecutive quarter of year-over-year store traffic growth," commented Hezy Shaked, Co-Founder, Executive Chairman, President and Chief Executive Officer. "However, we still have a long way to go to return to generating consistent sales growth and profitability. We are disappointed in our net sales performance in the early stages of the fourth quarter, yet somewhat encouraged by our improved product margins thus far in the fourth quarter." Operating Results Overview Fiscal 2024 Third Quarter Operating Results Overview The following comparisons refer to the Company's operating results for the third quarter of fiscal 2024 ended November 2, 2024 versus the third quarter of fiscal 2023 ended October 28, 2023. Total net sales were $143.4 million, a decrease of 13.8%. This decrease was primarily attributable to the calendar shift impact of last year's 53rd week in the retail calendar, which caused a portion of the back-to-school season's sales volume to shift into the second quarter this year from the third quarter last year, resulting in a net sales reduction of $18.4 million in this year's third quarter. Total comparable net sales, including both physical stores and e-commerce ("e-com"), decreased by 3.4% relative to the comparable 13-week period ended November 4, 2023. Net sales from physical stores were $111.3 million, a decrease of 16.0%. Comparable store net sales decreased 5.6% relative to the comparable 13-week period ended November 4, 2023. Net sales from physical stores represented 77.6% of total net sales this year compared to 79.6% of total net sales last year. The Company ended the third quarter with 246 total stores compared to 249 total stores at the end of the third quarter last year. Net sales from e-com were $32.2 million, a decrease of 5.4%. E-com net sales increased 4.9% relative to the comparable 13-week period ended November 4, 2023. E-com net sales represented 22.4% of total net sales this year compared to 20.4% of total net sales last year. Gross profit, including buying, distribution, and occupancy costs, was $37.2 million, or 25.9% of net sales, compared to $48.7 million, or 29.3% of net sales, last year. Product margins were generally consistent with last year's third quarter, declining by 10 basis points. Buying, distribution, and occupancy costs deleveraged by 320 basis points collectively, despite being $0.7 million lower than last year, primarily due to carrying these costs against a lower level of net sales this year. Selling, general and administrative ("SG&A") expenses were $51.3 million, or 35.7% of net sales, compared to $51.2 million, or 30.8% of net sales, last year. Lower store payroll and related benefits as well as lower non-cash store asset impairment charges were largely offset by increased e-com fulfillment costs. Operating loss was $14.1 million, or 9.8% of net sales, compared to $2.5 million, or 1.5% of net sales, last year, due to the combined impact of the factors noted above. Pre-tax loss was $12.9 million, or 9.0% of net sales, compared to $1.2 million, or 0.7% of net sales, last year. Income tax benefit was $5.0 thousand or 0.0% of pre-tax loss, compared to $0.3 million, or 28.0% of pre-tax loss, last year. The decrease in the effective income tax rate was due to the continuing impact of the previously disclosed full, non-cash deferred tax asset valuation allowance. Net loss was $12.9 million, or $0.43 net loss per share, compared to $0.8 million, or $0.03 net loss per share, last year. Weighted average shares were 30.1 million this year compared to 29.9 million shares last year. Fiscal 2024 Year-to-Date Third Quarter Operating Results Overview The following comparisons refer to the Company's operating results for the first 39 weeks of fiscal 2024 ended November 2, 2024 versus the first 39 weeks of fiscal 2023 ended October 28, 2023. Total net sales were $422.2 million, a decrease of 6.2%. Total comparable net sales, including both physical stores and e-commerce ("e-com"), decreased by 6.8% relative to the comparable 39-week period ended November 4, 2023. Net sales from physical stores were $336.4 million, a decrease of 6.6%. Comparable store net sales decreased 7.4% relative to the comparable 39-week period ended November 4, 2023. Net sales from physical stores represented 79.7% of total net sales this year compared to 80.0% of total net sales last year. Net sales from e-com were $85.8 million, a decrease of 4.7%. E-com net sales decreased 4.6% relative to the comparable 39-week period ended November 4, 2023. E-com net sales represented 20.3% of total net sales this year compared to 20.0% of total net sales last year. Gross profit, including buying, distribution, and occupancy costs, was $111.4 million, or 26.4% of net sales, compared to $119.0 million, or 26.4% of net sales, last year. Product margins improved by 130 basis points primarily due to the combination of improved initial markups and lower total markdowns. Buying, distribution, and occupancy costs deleveraged by 140 basis points collectively, despite being $1.3 million lower than last year, primarily due to carrying these costs against lower net sales this year. SG&A expenses were $147.1 million, or 34.9% of net sales, compared to $141.4 million, or 31.4% of net sales, last year. The $5.7 million increase in SG&A was primarily attributable to increases in store payroll and related benefits of $1.6 million due to wage rate increases, software as a service expense of $1.4 million, corporate payroll and related benefits of $1.2 million, e-commerce fulfillment expenses of $1.0 million, and non-cash store asset impairment charges of $1.0 million. These increases were partially offset by a variety of smaller expense decreases. Operating loss was $35.7 million, or 8.5% of net sales, compared to $22.5 million, or 5.0% of net sales, last year, due to the combined impact of the factors noted above. Pre-tax loss was $32.6 million, or 7.7% of net sales, compared to $18.8 million, or 4.2% of net sales, last year. Income tax benefit was $21.8 thousand or 0.1% of pre-tax loss, compared to $4.9 million, or 26.0% of pre-tax loss, last year. The decrease in the effective income tax rate was due to the continuing impact of the previously disclosed full, non-cash deferred tax asset valuation allowance. Net loss was $32.6 million, or $1.08 net loss per share, compared to $13.9 million, or $0.47 net loss per share, last year. Weighted average shares were 30.0 million this year compared to 29.8 million shares last year. Balance Sheet and Liquidity As of November 2, 2024, the Company had $51.7 million of cash, cash equivalents and marketable securities and no debt outstanding. Total inventories increased 11.8% as of November 2, 2024 compared to October 28, 2023, largely due to pulling forward new inventory receipts to improve distribution center efficiencies. Total year-to-date capital expenditures at the end of the third quarter were $6.7 million this year compared to $10.5 million last year. Fiscal 2024 Fourth Quarter Outlook Total comparable net sales through December 3, 2024 decreased by 15.3% relative to the comparable period of last year ended December 5, 2023, with meaningfully improved product margins compared to last year. On a shifted basis, lining up the timing of this year's Thanksgiving holiday with last year's, total comparable net sales through December 3, 2024, decreased by 9.6% relative to the comparable period of last year ended November 28, 2023. Based on current and historical trends, the Company currently estimates the following for the fourth quarter of fiscal 2024: Net sales to be in the range of approximately $149 million to $156 million, translating to an estimated comparable net sales decrease in the range of approximately 9% to 5%, respectively, relative to the comparable 13-week period last year; Product margin improvement of approximately 200 basis points relative to last year's fourth quarter; SG&A expenses to be approximately $52 million before factoring in any potential non-cash store asset impairment charges that may arise; Pre-tax loss and net loss to be in the range of approximately $13.0 million to $9.5 million, respectively, with a near-zero effective income tax rate due to the continuing impact of a full, non-cash valuation allowance on deferred tax assets; and Per share results to be in the range of a net loss of $0.43 to $0.32, respectively, with estimated weighted average shares of approximately 30 million. The Company currently expects to have 239 total stores open at the end of the fourth quarter of fiscal 2024. The Company opened three new stores in November and currently expects to close 10 predominantly underperforming stores near the end of the quarter. Conference Call Information A conference call with analysts to discuss these financial results is scheduled for today, December 5, 2024, at 4:30 p.m. ET (1:30 p.m. PT). Analysts interested in participating in the call are invited to dial (877) 300-8521 (domestic) or (412) 317-6026 (international). The conference call will also be available to interested parties through a live webcast at www.tillys.com . Please visit the website and select the “Investor Relations” link at least 15 minutes prior to the start of the call to register and download any necessary software. A telephone replay of the call will be available until December 12, 2024, by dialing (844) 512-2921 (domestic) or (412) 317-6671 (international) and entering the conference identification number: 10193481. About Tillys Tillys is a leading, destination specialty retailer of casual apparel, footwear, accessories and hardgoods for young men, young women, boys and girls with an extensive selection of iconic global, emerging, and proprietary brands rooted in an active, outdoor and social lifestyle. Tillys is headquartered in Irvine, California and currently operates 249 total stores across 33 states, as well as its website, www.tillys.com . Forward-Looking Statements Certain statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, statements regarding our current operating expectations in light of historical results, the impacts of inflation and potential recession on us and our customers, including on our future financial condition or operating results, expectations regarding changes in the macro-economic environment, customer traffic, our supply chain, our ability to properly manage our inventory levels, and any other statements about our future cash position, financial flexibility, expectations, plans, intentions, beliefs or prospects expressed by management are forward-looking statements. These forward-looking statements are based on management’s current expectations and beliefs, but they involve a number of risks and uncertainties that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including, but not limited to the impact of inflation on consumer behavior and our business and operations, supply chain difficulties, and our ability to respond thereto, our ability to respond to changing customer preferences and trends, attract customer traffic at our stores and online, execute our growth and long-term strategies, expand into new markets, grow our e-commerce business, effectively manage our inventory and costs, effectively compete with other retailers, attract talented employees, or enhance awareness of our brand and brand image, general consumer spending patterns and levels, including changes in historical spending patterns, the markets generally, our ability to satisfy our financial obligations, including under our credit facility and our leases, and other factors that are detailed in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (“SEC”), including those detailed in the section titled “Risk Factors” and in our other filings with the SEC, which are available on the SEC’s website at www.sec.gov and on our website at www.tillys.com under the heading “Investor Relations”. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We do not undertake any obligation to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise. This release should be read in conjunction with our financial statements and notes thereto contained in our Form 10-K. Tilly’s, Inc. Consolidated Balance Sheets (In thousands, except par value) (unaudited) November 2, 2024 February 3, 2 024 October 28, 2 023 ASSETS Current assets: Cash and cash equivalents $ 26,407 $ 47,027 $ 44,425 Marketable securities 25,321 48,021 49,523 Receivables 6,136 5,947 7,118 Merchandise inventories 92,481 63,159 82,753 Prepaid expenses and other current assets 11,781 11,905 11,816 Total current assets 162,126 176,059 195,635 Operating lease assets 181,117 203,825 216,205 Property and equipment, net 42,603 48,063 49,220 Deferred tax assets, net — — 13,229 Other assets 1,424 1,598 1,685 TOTAL ASSETS $ 387,270 $ 429,545 $ 475,974 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ 32,577 $ 14,506 $ 27,025 Accrued expenses 12,771 13,063 14,688 Deferred revenue 13,333 14,957 13,520 Accrued compensation and benefits 8,127 9,902 10,590 Current portion of operating lease liabilities 49,944 48,672 50,063 Current portion of operating lease liabilities, related party 3,345 3,121 3,048 Other liabilities 210 336 330 Total current liabilities 120,307 104,557 119,264 Long-term liabilities: Noncurrent portion of operating lease liabilities 135,724 160,531 171,388 Noncurrent portion of operating lease liabilities, related party 16,736 19,267 20,081 Other liabilities 192 321 391 Total long-term liabilities 152,652 180,119 191,860 Total liabilities 272,959 284,676 311,124 Stockholders’ equity: Common stock (Class A) 23 23 23 Common stock (Class B) 7 7 7 Preferred stock — — — Additional paid-in capital 174,516 172,478 171,754 Accumulated deficit (60,527 ) (27,962 ) (7,410 ) Accumulated other comprehensive income 292 323 476 Total stockholders’ equity 114,311 144,869 164,850 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 387,270 $ 429,545 $ 475,974 Tilly’s, Inc. Consolidated Statements of Operations (In thousands, except per share data) (unaudited) Thirteen Weeks Ended Thirty-Nine Weeks Ended November 2, 2 024 October 28, 2 023 November 2, 2024 October 28, 2023 Net sales $ 143,442 $ 166,475 $ 422,165 $ 450,063 Cost of goods sold (includes buying, distribution, and occupancy costs) 105,314 116,825 307,939 328,297 Rent expense, related party 931 931 2,796 2,793 Total cost of goods sold (includes buying, distribution, and occupancy costs) 106,245 117,756 310,735 331,090 Gross profit 37,197 48,719 111,430 118,973 Selling, general and administrative expenses 51,118 51,101 146,734 141,035 Rent expense, related party 133 134 397 400 Total selling, general and administrative expenses 51,251 51,235 147,131 141,435 Operating loss (14,054 ) (2,516 ) (35,701 ) (22,462 ) Other income, net 1,174 1,341 3,114 3,625 Loss before income taxes (12,880 ) (1,175 ) (32,587 ) (18,837 ) Income tax benefit (5 ) (328 ) (22 ) (4,897 ) Net loss $ (12,875 ) $ (847 ) $ (32,565 ) $ (13,940 ) Basic net loss per share of Class A and Class B common stock $ (0.43 ) $ (0.03 ) $ (1.08 ) $ (0.47 ) Diluted net loss per share of Class A and Class B common stock $ (0.43 ) $ (0.03 ) $ (1.08 ) $ (0.47 ) Weighted average basic shares outstanding 30,060 29,872 30,017 29,834 Weighted average diluted shares outstanding 30,060 29,872 30,017 29,834 Tilly’s, Inc. Consolidated Statements of Cash Flows (In thousands) (unaudited) Thirty-Nine Weeks Ended November 2, 2 024 October 28, 2 023 Cash flows from operating activities Net loss $ (32,565 ) $ (13,940 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 9,586 9,547 Stock-based compensation expense 1,744 1,684 Impairment of assets 3,605 2,631 (Gain) loss on disposal of assets (45 ) 2 Gain on maturities of marketable securities (1,449 ) (1,156 ) Deferred income taxes — (4,732 ) Changes in operating assets and liabilities: Receivables 611 4,196 Merchandise inventories (29,322 ) (20,636 ) Prepaid expenses and other assets 900 5,980 Accounts payable 18,047 11,033 Accrued expenses (159 ) 106 Accrued compensation and benefits (1,775 ) 2,407 Operating lease liabilities (5,422 ) (4,545 ) Deferred revenue (1,624 ) (2,583 ) Other liabilities (335 ) (452 ) Net cash used in operating activities (38,203 ) (10,458 ) Cash flows from investing activities Purchases of marketable securities (59,557 ) (88,146 ) Purchases of property and equipment (6,678 ) (10,543 ) Proceeds from maturities of marketable securities 83,500 80,000 Proceeds from sale of property and equipment 24 9 Net cash provided by (used in) investing activities 17,289 (18,680 ) Cash flows from financing activities Proceeds from exercise of stock options 294 210 Taxes paid on short-swing profits disgorgement payment — (173 ) Net cash provided by financing activities 294 37 Change in cash and cash equivalents (20,620 ) (29,101 ) Cash and cash equivalents, beginning of period 47,027 73,526 Cash and cash equivalents, end of period $ 26,407 $ 44,425 Tilly's, Inc. Store Count and Square Footage Store Count at Beginning of Quarter New Stores Opened During Quarter Stores Permanently Closed During Quarter Store Count at End of Quarter Total Gross Square Footage End of Quarter (in thousands) 2023 Q1 249 1 2 248 1,809 2023 Q2 248 — 2 246 1,792 2023 Q3 246 3 — 249 1,810 2023 Q4 249 3 4 248 1,801 2024 Q1 248 2 4 246 1,784 2024 Q2 246 1 — 247 1,791 2024 Q3 247 — 1 246 1,780 View source version on businesswire.com : https://www.businesswire.com/news/home/20241205990996/en/ CONTACT: Investor Relations Contact: Michael Henry, Executive Vice President, Chief Financial Officer (949) 609-5599, ext. 17000 irelations@tillys.com KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: FASHION FOOTWEAR ONLINE RETAIL RETAIL OTHER RETAIL DEPARTMENT STORES SOURCE: Tilly’s, Inc. Copyright Business Wire 2024. PUB: 12/05/2024 04:05 PM/DISC: 12/05/2024 04:06 PM http://www.businesswire.com/news/home/20241205990996/en

ROSEN, LEADING INVESTOR COUNSEL, Encourages Five9, Inc. Investors to Secure Counsel Before ...Jimmy Carter Cause of Death: What did the longest-living U.S. President die of?Is Pakistani showbiz A-lister Ayeza Khan set for a Bollywood debut opposite megastar Shah Rukh Khan? Taking to her Instagram stories, A-list actor Ayeza Khan issued a subtle clarification on her purported next project opposite Bollywood’s King Khan. Recently a fan-edited trailer of a soon-to-be-aired drama serial went viral on social media, which supposedly stars the ‘Jaan-e-Jahan’ actor opposite Shah Rukh Khan. Although no sane person would have fallen for the edited trailer clip of a groundbreaking project, Ayeza turned to her Instagram stories to repost the video, with a playful caption, to further confirm that there is no truth to the development. “Release kab hoga yeh bhi batadey (Tell us about the release date as well)!” she questioned with the caption. The clip is now going viral on social media and fans can’t help but laugh a little at the OP’s creativity. Notably, Ayeza Khan is the leading and one of the highest-paid female stars of Pakistani dramas, with a number of superhit projects to her credit. Some of her notable performances include ‘Mera Saaein 2’, ‘Pyarey Afzal’, ‘Koi Chaand Rakh’, ‘Mere Paas Tum Ho’, ‘Mein’ and most recently ‘Jaan-e-Jahan’.

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Tim Cowlishaw: Dallas makes Philly’s backup QBs look legitPHOENIX — State auditors say not a single one of the schools they reviewed had fully implemented their emergency operations plans, a failure that "could affect their ability to protect students in emergencies.'' The new report presented Tuesday to Arizona legislators also found that only four of the 47 schools checked at random could demonstrate they had conducted all required lockdown-type drills. "Failure to perform required lockdown drills increases the risk that students or staff do not know how to act in emergency situations and may increase risk to students and staff during emergencies,'' wrote Auditor General Lindsey Perry. And that was not the only problem her staff found. "About half of the schools did not conduct and document all required evacuation drills, which could affect whether students and staff can safely exit classrooms and buildings in an emergency,'' Perry wrote, of drills that are supposed to happen monthly. Other problems the state auditors found include: • Few schools posted all required safety reference materials in every classroom and assembly area, which Perry said increases the risk that students and staff may lack critical guidance in emergency situations; • None of the schools posted safety reference materials in their buses, a lack Perry said could preclude them from helping to better respond to emergency situations; • A failure of most school districts to annually review their emergency operations procedures, which Perry said could result in staff relying on outdated procedures and producing "an inefficient or ineffective emergency response.'' Perry also pointed out that Arizona, unlike most other states her staffers reviewed, lacks a mechanism to ensure that all schools have emergency operations plans that meet minimum standards. "Arizona's lack of a process for monitoring schools' compliance with EOP standards likely contributed to the deficiencies we identified,'' Scott Swagerty told the Joint Legislative Audit Committee on Tuesday. He is director of the Auditor General's Division of School Audits. That monitoring would make it easier for the Arizona Department of Education and the state Division of Emergency Management to identify schools that have not developed emergency plans and provided "targeted support'' for those who need help meeting the standards, Swagerty said. The audit does not say which 47 schools, including traditional and charter schools, were examined, citing "potential safety concerns and the sensitive nature ... of the findings and recommendations.'' That information will be available only in limited use, confidential reports. Swagerty told lawmakers his office chose from a variety of types, sizes and locations of schools. He acknowledged this doesn't necessarily mean the same conditions exist in the same ratio at the more than 2,600 school sites across the state. But the report does point up shortcomings that likely exist on a broader scale. Auditors said the issue of planning is crucial. They cited the number of school shootings — 219 since Education Week began tracking data in 2017, including 37 this year with 16 killed and 52 injured. "Although Arizona districts and charters have not yet experienced school shooting tragedies on the level seen elsewhere in the country, there have been numerous incidents of weapons and other threats to schools and students,'' the new report says. It cites a January incident at a Douglas school where the emergency operations plan was activated because of a man with a knife near campus. More recently, in April a Phoenix elementary school student was found with a gun on a school bus, and the following month a gun was found in a Mesa high school student's backpack. A Phoenix high schooler was arrested in August for bringing a gun to a school campus, and in September a school in San Luis was locked out as police investigated reports of shots being fired. The failure of schools to conduct the legally required four lockdown and shelter-in-place drills each year is significant, auditors said. Those drills involve actions such as locking classroom doors, closing windows, shutting window coverings and moving to a specified location in the room while remaining quiet and still, the report says. "Without practicing the behaviors and skills expected during lockdowns, schools increase the risk that students may not follow procedures due to panic or stress,'' the audit says. There's also the danger that staff may not be aware of students who have "adverse reactions'' during drills, potentially increasing safety risks during real emergencies. State Sen. Justine Wadsack related her own real-world experience and why she thinks this planning is crucial. The Tucson Republican, who sits on the audit committee, noted she has a 21-year-old non-verbal child with limited cognitive abilities who is in a a wheelchair in school. Wadsack said there are no paraprofessionals sitting with her. "So when a classroom ends up just emptying out, there's nobody assigned to her to make sure that they grab that wheelchair and wheel her out,'' she told colleagues. "If you have a child that cannot walk themself out of a room, they cannot wheel their wheelchair out of a room, they're nonverbal, they don't know what's happening, the room would burn down around her and not move,'' Wadsack continued. "She would literally sit there and let the room burn around her.'' Then there's the question of access to the emergency plans. The report says they should be readily available and posted where visible and accessible to students. According to the audit, some schools instead had binders or booklets. But there were situations where staffers had to search for the materials, and a few cases where they could not find them when asked. Some of the problems mentioned in the audit appear to be more technical. For example, it says state law specifically requires district and charter schools to develop their emergency operation plans in conjunction with law enforcement and other emergency response agencies. But the report says most of the plans lack signatures showing that was done. State Rep. Kevin Payne, R-Peoria, said there's an overarching issue: the minimum standards schools are expected to meet when coming up with and implementing emergency plans. "It seems to me they're kind of the backbone of this whole thing,'' he said. But he called them "woefully inadequate.'' The audit report does not use those words. It does say there should be a "comprehensive review'' of the standards in place in other states to determine if things are missing from what's required in Arizona. Among the issues are cyber breaches, disaster recovery and continuity of operations to ensure schools can remain open during and after an emergency. "Some other states also have requirements relating to prevention, such as procedures for addressing behavioral threats and potentially suicidal students,'' the audit states. Howard Fischer is a veteran journalist who has been reporting since 1970 and covering state politics and the Legislature since 1982. Follow him on X, formerly known as Twitter, Bluesky , and Threads at @azcapmedia or email azcapmedia@gmail.com . Respond: Write a letter to the editor | Write a guest opinion Subscribe to stay connected to Tucson. A subscription helps you access more of the local stories that keep you connected to the community. Be the first to know Get local news delivered to your inbox!Top Japan defense firms saw revenue increase 35% in 2023: think tank

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Fake Elon Musk pictures used for engagement scamsHow young students in one Georgia district are getting an edge on careers in AIThis detailed school assembly guide provides everything needed for a successful and engaging program. From the latest news highlights to motivational thoughts of the day and a thoughtfully crafted anchoring script, it ensures a seamless and impactful event that resonates with all participants. Mumbai: School assemblies play a vital role in the holistic development of students, offering a space to foster leadership skills, enhance self-confidence, and build a strong sense of unity within the school community. More than routine gatherings, these assemblies are opportunities for students to grow, collaborate, and find inspiration, making them an indispensable part of a thriving educational environment. Planning a successful school assembly requires careful consideration and creativity. By incorporating elements that educate, inspire, and entertain, educators can craft sessions that not only captivate but also leave a lasting positive impact on the students. Start by selecting a theme that resonates with the student’s interests or aligns with important current events, school values, or upcoming celebrations. A well-chosen theme provides direction and ensures that the assembly’s purpose is clear and meaningful. Opening the assembly with a warm and enthusiastic welcome sets a positive tone, encouraging students and staff to engage actively. Including a ‘Thought of the Day’ adds a reflective element to the assembly, sparking optimism and thoughtfulness. This can be followed by brief and relevant updates on school activities, achievements, or global events presented in a student-friendly manner. These updates keep the audience informed and connected to their community and the world beyond. Adding interactive or creative segments such as performances, role plays, or quizzes can further enliven the session, ensuring active participation. These activities also provide students with opportunities to showcase their talents and build confidence in public speaking and teamwork. As the assembly nears its conclusion, acknowledge everyone’s contributions, share key announcements, and close with a unifying gesture like the national anthem, a school pledge, or a motivational send-off. This helps foster a sense of pride and belonging among the students and staff. For a truly impactful assembly, each segment should be concise yet engaging, ensuring the audience remains attentive throughout. Creating an inclusive environment where every student feels valued and involved enhances the overall experience, making assemblies memorable and meaningful. With thoughtful planning and execution, school assemblies can transform into powerful platforms for personal growth, inspiration, and community building, leaving a profound impact on all participants. Thought for the Day for school assembly “The Constitution is the soul of India, and it is a light that will guide future generations.” – Dr BR Ambedkar (Quote for Constitution Day 2024) School assembly news headlines today Refer to the top school assembly headlines covering national, international, and sports news: National news for school assembly International news for school assembly Sports news for school assembly Constitution Day speech in English for students Good morning everyone, Today, we are here to celebrate Constitution Day, also known as Samvidhan Divas, which is observed every year on 26 November. This day marks the adoption of the Indian Constitution in 1949 by the Constituent Assembly. It is a day to honour the values and principles that form the foundation of our democracy. The Indian Constitution, drafted under the leadership of Dr BR Ambedkar, is the longest-written constitution in the world. It contains provisions that ensure justice, liberty, equality, and fraternity for all citizens of India. It is a guiding document that helps us understand our rights and responsibilities and ensures the smooth functioning of our nation. As students, it is important to understand the significance of the Constitution. It grants us fundamental rights like the right to freedom, equality, and education, which empower us to live with dignity. At the same time, it reminds us of our fundamental duties, such as respecting the national flag, protecting the environment, and promoting harmony among all citizens. On this day, let us pay tribute to the visionaries who worked tirelessly to frame this remarkable document. Let us also pledge to uphold its values and contribute to building a better and stronger India. Remember, as young citizens, we have the power to shape the future of our country by staying committed to these ideals. Thank you, and Jai Hind! Anchoring Script for School Assembly Here’s a fresh and engaging school assembly anchoring script that seamlessly blends all key elements: greetings, inspiration, news updates, motivational content, and an entertaining performance, ensuring a lively and impactful session. [Opening Remarks] Anchor 1: Good morning, everyone! A heartfelt welcome to our esteemed Principal, respected teachers, and dear friends. I’m [Anchor Name], and it’s an honour to lead today’s assembly. Let’s make this gathering a truly memorable one! Anchor 2: A warm good morning to all! It’s wonderful to see everyone here, ready to begin a day filled with enthusiasm and inspiration. Today’s assembly promises valuable insights and delightful moments, so let’s get started! [Thought for the Day] Anchor 1: To begin on a thoughtful note, let’s listen to today’s inspiring quote that will surely give us food for thought. [Quote is shared by a student.] Anchor 2: Thank you for sharing such a profound and meaningful thought. Let’s reflect on it throughout the day and apply its wisdom in our actions. [News and Announcements] Anchor 1: Up next, let’s catch up with the latest happenings in our school and beyond. Here are some updates to keep you informed. [Share current school news or events.] Anchor 2: A quick reminder to all participants of the upcoming Annual Day! Make sure you register for your events before the deadline this week and gear up for an incredible showcase of talent. [Motivational Speech] Anchor 1: Let’s now take a moment to energise our spirits with a motivational message. Each day is an opportunity to learn, grow, and make a difference. Anchor 2: Absolutely! Challenges shape us, and every small effort counts toward achieving our dreams. Let’s listen closely and carry this inspiration forward. [Special Performance] Anchor 1: And now, for the highlight of the day! [Name of the student or group] is here to present a wonderful [performance type, e.g., skit/song/dance]. Let’s give them a big round of applause as they take the stage! Anchor 2: Sit back, relax, and enjoy this captivating performance. Let’s show our appreciation with lots of cheer and support! [Closing Remarks] Anchor 1: What an amazing performance! A huge thank you to [student/group name] for sharing their creativity and talent with us. Anchor 2: Indeed, it was truly inspiring. As we conclude today’s assembly, let’s carry forward the positive energy and lessons we’ve gained today. Anchor 1: Let’s strive to do our best, help one another, and embrace each day with a spirit of collaboration and optimism. Anchor 2: Thank you, everyone, for your enthusiastic participation. Wishing you a fantastic day ahead, full of learning and success! Both: Goodbye, and have an incredible day! A well-structured assembly not only provides crucial updates but also has a lasting effect, leaving everyone motivated and energised. Click for more latest Events news . Also get top headlines and latest news from India and around the world at News9. Chhaya Gupta, a lifestyle sub-editor specialising in fashion, food, relationships, travel, well-being, and spirituality, is a dedicated fashion enthusiast and avid traveller. With meticulous attention to detail, she stays abreast of the latest developments in major events across Indian cities and internationally. From life to style, she derives immense pleasure in covering a variety of subjects. With 1.5 years of experience, she has honed her skills while working at The Free Press Journal.

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