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JJill Inc (JILL)
NYSE:JILL
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.21Last Year’s EPS
$0.23Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 11, 2024
|% Change Since: -4.41%
|Next Earnings Date:Mar 05, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook, with strong financial performance and successful strategic initiatives driving growth. Effective cost management and digital strategies contributed to better-than-expected results. However, concerns were noted regarding end-of-quarter sales softness, elevated return rates, and the need for promotional activities in Q4. The sentiment remains cautiously optimistic.Company Guidance
During the J.Jill third quarter 2023 earnings call, the company provided guidance with several key metrics highlighted. Sales for the quarter were flat at $150 million compared to Q3 2022, but total company comparable sales increased by 1.9%. The direct sales channel constituted 45% of total sales, showing a slight decrease of 0.5% year-over-year. Gross profit rose to $108 million, with a gross margin of 71.8%, reflecting a 190 basis point increase from the previous year. Adjusted EBITDA for the quarter was $28.3 million, a 3% increase from Q3 2022. Looking forward, J.Jill anticipates fourth-quarter sales to remain flat compared to Q4 2022, with adjusted EBITDA projected to be between $11 million and $13 million. The company also expects to close two stores by the year's end, maintaining the store count flat versus last year, and plans approximately $18 million in capital expenditures for 2023.Strong Financial Performance
Third quarter sales and adjusted EBITDA exceeded expectations, with a 1.9% increase in comparable sales compared to last year's negative 1.2% comp. Gross profit was $108 million, up $2.8 million from Q3 2022.
Effective Cost Management
Gross margin improved by 190 basis points to 71.8% due to favorable freight costs, underlying first cost AUCs, strong full price selling, and lower promotions.
Successful Strategic Initiatives
Growth in new-to-brand customers, supported by the size inclusivity initiative and Wearever sub-brand, which attracted younger customers.
Digital and Influencer Strategies
Successful leveraging of digital and influencer strategies, along with enhancements to the online customer experience, supported improvements in the direct channel.
Cash Flow and Inventory Management
Generated $21 million of cash from operations, ending with $64 million in cash and no borrowings against the ABL. Inventories at the end of Q3 were down 6% compared to Q3 2022.
Completion of POS System Rollout
Completed the rollout of a new POS system, improving store transaction efficiency and enhancing customer experience.
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JILL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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JILL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 11, 2024 | $27.66 | $28.23 | +2.06% |
| Sep 04, 2024 | $32.15 | $26.73 | -16.86% |
| Jun 07, 2024 | $35.11 | $37.85 | +7.80% |
| Mar 20, 2024 | $24.61 | $26.34 | +7.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does JJill Inc (JILL) report earnings?
JJill Inc (JILL) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is JJill Inc (JILL) earnings time?
JJill Inc (JILL) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is JILL EPS forecast?
JILL EPS forecast for the fiscal quarter 2024 (Q4) is $0.21.
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