J Jill Stock Price, News & Analysis

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.

J.Jill has used the net proceeds of $31 million from its primary equity offering on June 14, 2024, to make a voluntary debt repayment. On June 21, 2024, the company repaid $27.2 million in principal, reducing its term loan balance to approximately $81 million. Along with the principal, J.Jill paid accrued interest and a 3% voluntary premium, totaling $28.8 million. CEO Claire Spofford emphasized that this move aims to de-lever the balance sheet and reduce interest expenses, aligning with their capital allocation priorities to achieve positive net cash while continuing to invest in growth.

J.Jill (NYSE: JILL), a women’s apparel retailer, has announced the pricing of its public offering of 2,000,000 shares of common stock at $31.00 per share.

The company itself is offering 1,000,000 shares, while its largest stockholder, an affiliate of TowerBrook Capital Partners, is offering the other 1,000,000 shares. The selling stockholder has also given underwriters a 30-day option to purchase up to an additional 300,000 shares.

J.Jill expects gross proceeds of $31 million from its share sale, which it plans to use for debt repayment and general corporate purposes. The offering is set to close on June 14, 2024, pending customary closing conditions.

Jefferies, William Blair, and TD Cowen are leading the underwriting, with BTIG as a bookrunner and Telsey Advisory Group as a co-manager. The shares are being offered under an effective shelf registration statement filed with the SEC.

J.Jill (NYSE: JILL), a leading women's apparel retailer, announced a public offering of 2,000,000 shares of its common stock. The offering includes 1,000,000 shares from J.Jill and 1,000,000 shares from its largest shareholder, TowerBrook Capital Partners L.P. Additionally, TowerBrook may grant underwriters a 30-day option to purchase an extra 300,000 shares. J.Jill plans to use proceeds from its share sales to repay debt and for general corporate purposes, while it will not receive proceeds from TowerBrook's share sales. The offering is managed by Jefferies, William Blair, TD Cowen, BTIG, and Telsey Advisory Group, under an effective SEC registration statement.

J.Jill (NYSE:JILL), a leading omnichannel retailer, announced the 'You Choose' trade-in experience starting June 11, 2024. This initiative allows women to trade in gently worn clothing for a $100 gift card, a necklace, and a special gift from J.Jill. The traded items will be donated to Bottomless Closet through the J.Jill Compassion Fund. The goal is to help women replace unworn clothes with quality, versatile pieces. A survey by Wakefield Research revealed that women aged 40-65 often waste money on clothes they don't wear, with 36% of their wardrobe going unused. J.Jill's new campaign, 'One Wardrobe, No Limits,' aims to provide women with versatile and comfortable clothing suitable for various occasions.

J.Jill (NYSE: JILL) reported its financial results for Q1 FY2024, highlighting a net sales increase of 7.5% to $161.5 million, and a 3.1% rise in comparable sales compared to Q1 FY2023. Gross margin improved to 72.9%, up by 80 basis points. Operating income increased to $28.4 million, with a margin expansion of 70 basis points. Net income surged to $16.7 million, translating to $1.16 per diluted share, compared to $0.32 in Q1 FY2023.

The company paid down $60 million in debt and initiated a quarterly dividend program. Cash flow from operations grew to $21.5 million. However, the company forecasts flat to slightly declining net sales for Q2 FY2024 and a minor decline in adjusted EBITDA for the full year.

J.Jill plans to invest in marketing, systems, and new stores, expecting sales to grow between 1%-3%. Adjusted EBITDA is projected to drop by 1%-3% due to the loss of the 53rd week in FY2023. The company ended the quarter with a $77.1 million cash balance and plans to increase its store count by up to 5 stores by year-end.