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J.Jill, Inc. (JILL) is a premier omnichannel retailer and nationally recognized women's apparel brand headquartered just outside Boston. The company is dedicated to providing customers with wearable, stylish, and comfortable clothing that fits seamlessly into their daily lives. J.Jill operates through an integrated omnichannel platform, which includes over 270 retail stores nationwide, a robust e-commerce website, and a catalog order system. This platform ensures that customers have a seamless shopping experience, whether they choose to shop online or in-store.
The J.Jill brand is known for its easy, relaxed, and inspired style, catering to women who lead rich and full lives. Their product range includes apparel, footwear, and accessories, all marketed under the J.Jill brand. The company's revenue streams are primarily derived from the sale of these products through both its retail and direct channels. The direct channel includes orders placed via the website and catalog phone orders, while the retail channel includes sales from physical store locations. Additionally, J.Jill also generates revenue from shipping and handling fees collected from customers.
J.Jill has maintained its market position by continuously evolving its product offerings and staying attuned to the latest fashion trends. Recent achievements include the expansion of their e-commerce capabilities, enhancing the overall customer experience. J.Jill's commitment to quality and customer satisfaction ensures that they remain a strong and trusted brand in the women's apparel market.
J.Jill (NYSE:JILL) has reaffirmed its guidance for Q4 and full year 2024. For Q4 FY2024, the company expects:
- Net sales down 4-6% vs 14-week Q4 FY2023
- Total company comparable sales up 1-3% vs 13-week prior year
- Adjusted EBITDA of $12.0-14.0 million
For full year FY2024, projections include:
- Net sales flat to up 1% vs FY2023
- Total company comparable sales up 1-2%
- Adjusted EBITDA of $105.0-107.0 million
The guidance accounts for the loss of the 53rd week in FY2023 ($7.9M in net sales, $2.2M in EBITDA) and $2.0M in operating expenses for the Order Management System project. Excluding these factors, FY2024 expectations show net sales growth of 1-2% and Adjusted EBITDA decline of 2-4% compared to prior year.
J.Jill (NYSE:JILL) has announced its upcoming participation in the 27th Annual ICR Conference at Grande Lakes Orlando in Orlando, FL. The company's management will engage in a fireside chat scheduled for Monday, January 13, 2025, at 9:00 a.m. Eastern Time.
The event will be accessible to the public through a live audio webcast on J.Jill's Investor Relations website at http://investors.jjill.com/Investors-Relations/News-Events/events. An archive of the fireside chat will be made available on the same platform following the event.
J.Jill (NYSE:JILL) reported Q3 FY24 results with net sales increasing 0.3% to $151.3 million. The company achieved a gross margin of 71.4% and operating income of $19.2 million. Total company comparable sales decreased by 0.8%, partially impacted by hurricane-related disruptions. Net income reached $12.3 million, with earnings per diluted share of $0.80.
The Board authorized a $25.0 million share repurchase program over the next 2 years and declared a quarterly dividend of $0.07 per share. For Q4 FY24, J.Jill expects net sales to decline 4-6% compared to the previous year, with comparable sales projected to increase 1-3%. The company maintains 247 stores and forecasts flat to 1% net sales growth for fiscal 2024.
J.Jill (NYSE:JILL) announced that President and CEO Claire Spofford will retire after serving since February 2021. Spofford will remain in her role until April 2025 while the company conducts an executive search for her successor. During her tenure, Spofford led initiatives that resulted in sustainable margin performance and significant cash flow generation through disciplined inventory management and full-price selling focus.
Under her leadership, J.Jill strengthened its balance sheet, improved operational foundation, and repositioned itself as a premium casual retailer. The company has implemented rigorous operational disciplines and enhanced its omni-channel capabilities while maintaining customer focus.
J.Jill (NYSE:JILL) has announced a quarterly cash dividend of $0.07 per share on the company's common stock, payable on January 9, 2025, to stockholders of record as of December 26, 2024.
The company will release its third quarter fiscal year 2024 financial results after market close on December 11, 2024. CEO Claire Spofford and CFO/COO Mark Webb will host a conference call at 4:30 p.m. Eastern Time to discuss the results. The call will be accessible via telephone and webcast, with a replay available until December 18, 2024.
J.Jill, Inc. (NYSE:JILL) reported Q2 FY24 results with net sales of $155.2 million, down 0.9% year-over-year. Total company comparable sales increased by 1.7%. Gross margin was 70.5%, and operating income was $23.0 million with a margin of 14.8%. Net Income per Diluted Share was $0.54, compared to $1.06 in Q2 FY23. The company updated its fiscal 2024 guidance, now expecting net sales to be flat to up 1% compared to fiscal 2023, and Adjusted EBITDA to decline 4% to 9%. J.Jill declared a quarterly cash dividend of $0.07 per share, payable on October 2, 2024.
J.Jill, Inc. (NYSE:JILL) has appointed Courtnee Chun to its Board of Directors, effective September 3, 2024. Chun, with over 20 years of experience in various sectors, will serve on the Compensation and Audit Committees. She brings expertise in investor relations, strategic planning, and empowering women from her 16-year tenure at Liberty Media and other leadership roles.
Chun's experience includes directing investor relations for multiple corporations and leading significant projects such as public equity offerings. She co-founded the Women's eCommerce Network (WeCN) and has served on several corporate and charitable boards. J.Jill's CEO, Claire Spofford, expressed confidence in Chun's ability to contribute to the company's growth strategies.
J.Jill, Inc. (NYSE:JILL) has announced its participation in the Goldman Sachs 31st Annual Global Retailing Conference. The company's CEO, Claire Spofford, and CFO/COO, Mark Webb, will engage in a fireside chat on Thursday, September 5, 2024, at 2:35 p.m. Eastern Time. Investors and interested parties can access the live audio webcast of the discussion through J.Jill's Investor Relations website. An online archive of the fireside chat will be available on the same platform following the event.
J.Jill, Inc. (NYSE:JILL) announced a quarterly cash dividend of $0.07 per share on its common stock.
The dividend will be payable on October 2, 2024, to stockholders of record as of September 18, 2024.
J.Jill (NYSE:JILL) has announced that it will release its second quarter fiscal year 2024 financial results on Wednesday, September 4, 2024, before the market opens. The company will host a conference call at 8:00 a.m. Eastern Time on the same day to discuss the results. Claire Spofford, CEO, and Mark Webb, CFO and COO, will lead the call.
Investors and analysts can join the call by dialing (888) 596-4144 (US) or (646) 968-2525 (international), using Conference ID 7311773. A live audio webcast will be available at http://investors.jjill.com/Investors-Relations/News-Events/events. A taped replay will be accessible for a week after the call.
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