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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, Inc. (NYSE:JILL) reported Q4 FY21 net sales of $145.2 million, a 15.3% increase from Q4 FY20, with comparable sales up 19.7%. Gross profit rose 29.8% to $92.7 million, and gross margin improved by 710bps to 63.9%. For FY21, net sales climbed 37.1% to $585.2 million. Notably, net income was $3.6 million, contrasting with a $26.9 million loss in the previous year. However, direct-to-consumer sales fell 8.8%. The company anticipates Q1 FY22 revenue growth of 11% to 14% and plans for up to 10 net store closures as part of its strategic alignment.
J.Jill, Inc. (NYSE:JILL) will announce its financial results for Q4 and fiscal year 2021 on March 22, 2022, before the market opens. CEO Claire Spofford and CFO Mark Webb will discuss these results in a conference call at 8:00 a.m. ET. Interested parties can join the call by dialing (888) 330-3391 or (646) 960-0845. A live audio webcast will also be available. The call will be followed by a replay accessible until March 29, 2022.
J.Jill, Inc. (NYSE:JILL) has announced its updated expectations for the fourth quarter of fiscal 2021, projecting a net sales increase of 12% to 13% compared to the same quarter in 2020. The Adjusted EBITDA is forecasted to improve significantly, ranging from $11 million to $13 million, reversing a loss of $3.8 million in the previous year. This positive outlook is attributed to gross margin expansion and effective expense management. The announcement comes ahead of the ICR Conference, which will involve meetings with analysts and investors.
J.Jill, Inc. (NYSE:JILL) reported significant financial improvements for Q3 2021, with total net sales increasing by 29.4% to $151.7 million year-over-year. Comparable sales rose 42.2%, and gross profit surged 51.5% to $104.5 million, boosting gross margin to 68.9%. Adjusted EBITDA improved substantially to $27.0 million from a loss of $1.6 million in Q3 2020. The company anticipates revenue growth in Q4, driven by strong full-price selling despite potential challenges from freight costs.
J.Jill, Inc. (NYSE:JILL) will release its third-quarter fiscal year 2021 financial results after market close on December 13, 2021. A conference call will be hosted by CEO Claire Spofford and CFO Mark Webb at 4:30 p.m. Eastern Time to discuss the results. Interested investors can access the call by dialing (844) 502-5028 or internationally at (647) 689-5145, referencing Conference ID 5847597. A replay will be available shortly after the call and accessible until December 20, 2021.
J.Jill, Inc. (NYSE:JILL) reported a 71.9% growth in total net sales to $159.2 million for Q2 FY2021 compared to Q2 FY2020, driven by strong full-price selling. Gross profit reached $109.4 million, with a margin of 68.7%. Despite these improvements, the company faced a net loss of $24.6 million, primarily due to non-cash charges related to warrant adjustments. J.Jill anticipates ongoing supply chain challenges and plans to close about 20 stores in FY2021, with no financial guidance provided at this time.
J.Jill, Inc. (NYSE:JILL) will release its second quarter fiscal year 2021 financial results on September 9, 2021, before market open. CEO Claire Spofford and CFO Mark Webb will host a conference call at 8:00 a.m. Eastern Time to discuss the results. Analysts and investors can join the call by dialing (844) 502-5028 or (647) 689-5145 for international calls, using Conference ID 1689079. A live webcast will be available online. A recorded replay will be accessible after the call until September 17, 2021.
J.Jill, Inc. (NYSE:JILL) has appointed Jyothi Rao to its Board of Directors effective July 12, 2021. Michael Rahamim, J.Jill's Chairman, emphasized her background in luxury fashion as a valuable addition. CEO Claire Spofford noted Rao's extensive retail knowledge will strengthen the board. Rao, currently CEO of INTERMIX, brings experience from Gilt Groupe, Calvin Klein, and Gap Inc. J.Jill is a recognized omnichannel women’s apparel brand, operating 265 stores and a robust e-commerce platform, aimed at empowering women with inspired styles.
J.Jill, Inc. reported a significant first quarter financial recovery, with net sales jumping 41.9% to $129.1 million, driven by strong consumer demand post-pandemic. Gross profit surged to $87.8 million, yielding a gross margin of 68%, a substantial rise from the previous year. Adjusted EBITDA improved to $16.9 million, marking a turnaround from a loss of $25.8 million. However, the company also faced a net loss of $18.3 million, influenced by non-cash charges related to its Priming Loan. Looking ahead, J.Jill aims to close about 20 stores in fiscal 2021.
J.Jill, Inc. (NYSE:JILL) will release its financial results for Q1 fiscal 2021 on June 8, 2021, before market open. CEO Claire Spofford and CFO Mark Webb will host a conference call at 8:00 a.m. ET to discuss these results. Investors can participate by dialing (844) 502-5028 or (647) 689-5145 internationally, and should call 10 minutes early, referencing Conference ID 6224209. A live audio webcast will also be available online. A replay of the call will be accessible shortly after the event until June 15, 2021.
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