J.Jill(JILL)

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J.Jill (JILL) Tops Q4 Earnings and Revenue Estimates
ZACKS· 2025-03-19 12:55
Core Viewpoint - J.Jill reported quarterly earnings of $0.32 per share, exceeding the Zacks Consensus Estimate of $0.22 per share, and showing an increase from $0.23 per share a year ago, indicating a 45.45% earnings surprise [1] Financial Performance - The company achieved revenues of $142.84 million for the quarter ended January 2025, surpassing the Zacks Consensus Estimate by 0.88%, although this represents a decline from $149.45 million in the same quarter last year [2] - Over the last four quarters, J.Jill has exceeded consensus EPS estimates four times and topped revenue estimates three times [2] Stock Performance - J.Jill shares have declined approximately 32.6% since the beginning of the year, contrasting with the S&P 500's decline of 4.5% [3] - The current Zacks Rank for J.Jill is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is $1.32 on revenues of $166.05 million, and for the current fiscal year, it is $3.62 on revenues of $630.7 million [7] - The trend of estimate revisions for J.Jill is mixed, which could change following the recent earnings report [6] Industry Context - The Retail - Apparel and Shoes industry, to which J.Jill belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, suggesting potential challenges ahead [8]
J.Jill(JILL) - 2025 Q4 - Earnings Call Transcript
2025-03-19 12:00
J.Jill (JILL) Q4 2025 Earnings Call March 19, 2025 08:00 AM ET Company Participants Claire Spofford - President & CEOMark Webb - Executive VP and Chief Financial & Operating OfficerMarni Shapiro - Managing PartnerDana Tesley - CEO & CROCorey Tarlowe - SVP - Equity Research Conference Call Participants Janine Stichter - Managing Director & Analyst - Consumer Retail & Lifestyle BrandsRyan Meyers - Senior Research AnalystJungwon Kim - Analyst Operator Thank you for standing by. My name is Pam, and I will be yo ...
Is J.Jill (JILL) Stock Undervalued Right Now?
ZACKS· 2025-02-11 15:46
Core Viewpoint - The article emphasizes the importance of value investing and highlights J.Jill (JILL) as a strong value stock based on its financial metrics and rankings [2][4][7] Company Analysis - J.Jill currently holds a Zacks Rank of 2 (Buy) and has a Value grade of A, indicating strong potential for value investors [4][7] - The stock has a Forward P/E ratio of 6.99, significantly lower than the industry average of 19.64, suggesting it may be undervalued [4] - J.Jill's Forward P/E has fluctuated between a high of 11.07 and a low of 6.69 over the past 52 weeks, with a median of 7.69 [4] - The company has a P/B ratio of 3.77, which is attractive compared to the industry's average P/B of 6.23, indicating a favorable valuation [5] - J.Jill's P/B has ranged from a high of 9.27 to a low of 3.49 in the past year, with a median of 5.67 [5] - The P/CF ratio for J.Jill is 6.13, well below the industry average of 16.31, further supporting the notion of undervaluation [6] - Over the past 12 months, J.Jill's P/CF has varied between a high of 9.08 and a low of 5.02, with a median of 6.45 [6] - These financial metrics collectively suggest that J.Jill is likely undervalued and presents a strong investment opportunity for value-focused investors [7]
ASSEMBLY APPOINTS JILL KELLY AS NEW NORTH AMERICA CEO
Prnewswire· 2025-01-30 17:21
Executive Appointment - Jill Kelly appointed as North America CEO of Assembly, effective February 3, 2025, succeeding Valerie Davis [1] - Kelly will report to Assembly's Global CEO, Rick Acampora, and focus on amplifying capabilities, delivering breakthrough solutions, and fostering innovation and collaboration [2] - Kelly brings extensive experience from roles including CEO of EssenceMediacom, global CMO at GroupM, and leadership positions within Publicis Groupe [3] Strategic Vision and Leadership - Kelly emphasizes Assembly's commitment to "Find the Change that Fuels Growth," leveraging new technologies and client relationships to create durable campaigns [4] - Assembly's recent launch of STAGE AI, an advanced proprietary technology, highlights the agency's focus on AI-driven media strategies [4] - Rick Acampora, Global CEO, highlights Kelly's track record in driving growth, fostering talent, and leading transformative initiatives as key to elevating North American operations [5] Company Overview - Assembly is a global omnichannel media agency with over 2,300 professionals across 35 offices worldwide, powered by its proprietary STAGE operating system [6] - The agency integrates data, talent, and technology to drive growth for esteemed brands, with a focus on social and environmental impact [6] - Assembly is part of Stagwell, a challenger network aimed at revolutionizing marketing [6]
J.Jill Sees Potential Promotional Environment, The Name Is Fairly Valued
Seeking Alpha· 2024-12-12 19:11
Company Overview - J.Jill, Inc. (NYSE: JILL) reported Q3 2024 results, indicating a challenging quarter similar to other apparel retailers, primarily due to promotions and mild fall weather [1] - Comparable sales decreased slightly by 0.8%, attributed partly to external market conditions [1] Industry Context - The apparel retail sector is experiencing difficulties, with companies facing challenges related to promotional strategies and seasonal weather impacts [1]
J.Jill Beats Q3 Earnings Estimates, Announces Share Repurchase Program
ZACKS· 2024-12-12 18:11
Core Insights - J.Jill, Inc. reported third-quarter fiscal 2024 results with net sales in line with estimates and earnings per share exceeding expectations, both showing year-over-year growth [1][3][4] Financial Performance - Quarterly earnings were 89 cents per share, surpassing the Zacks Consensus Estimate of 80 cents, and increased by 7.2% from 83 cents in the prior year [3] - Net sales reached $151.3 million, a 0.3% increase from $150.9 million in the same quarter last year, aligning with the Zacks Consensus Estimate [4] - Total comparable sales declined by 0.8%, impacted by approximately 50 basis points due to hurricane disruptions [5] - Gross profit decreased by 0.6% to $108 million, with gross margin contracting by 60 basis points to 71.4% due to increased promotional activities and higher freight costs [6] - SG&A expenses rose by 2.5% year over year to $88.6 million, with SG&A as a percentage of net sales increasing by 70 basis points to 58.4% [7] - Adjusted EBITDA totaled $26.8 million, down from $28.6 million in the prior year, indicating a decline of 6.1% [8] Operational Updates - The company ended the quarter with 247 stores, opening three new stores and temporarily closing one due to hurricane damage [9] - Cash and cash equivalents stood at $38.8 million, with long-term debt at $69.1 million and total shareholders' equity at $103.3 million [10] - Net cash flow from operations was $19.1 million, compared to $21.1 million in the prior year, with free cash flow totaling $13.6 million [11] Future Outlook - For the fiscal fourth quarter, management anticipates net sales to decline by 4% to 6% compared to the same quarter last year, with total comparable sales expected to increase by 1% to 3% [13] - For fiscal 2024, J.Jill forecasts net sales growth to be flat to up 1%, with adjusted EBITDA projected between $105 million and $107 million, reflecting a year-over-year decrease of 5-7% [14] - Excluding the impact of the 53rd week and OMS project expenses, net sales growth is estimated at 1-2% with adjusted EBITDA decline of 2-4% [15] Shareholder Returns - The company announced a quarterly dividend of 7 cents per share, payable on January 9, 2025 [12] - A new share repurchase program was authorized, allowing the company to buy back up to $25 million of shares over the next two years, indicating management's confidence in the business [2][11]
J.Jill(JILL) - 2024 Q3 - Earnings Call Transcript
2024-12-11 23:49
Financial Data and Key Metrics Changes - The company reported total sales for Q3 2024 of approximately $151 million, which is up 0.3% compared to Q3 2023 [26] - Total company comparable sales decreased by 0.8% compared to a positive 1.9% last year, with a negative impact of approximately $800,000 from storm activity [26][29] - Gross margin for Q3 was 71.4%, down 60 basis points from Q3 2023, influenced by elevated markdowns and ocean freight costs [29][30] - Adjusted EBITDA for the quarter was $26.8 million, representing 17.7% of sales, compared to $28.6 million in Q3 2023 [32] Business Line Data and Key Metrics Changes - Retail sales were up 0.2% compared to Q3 2023, primarily driven by a calendar shift, while direct sales as a percentage of total sales were about 46% [26][28] - The company saw growth in orders per customer, supporting spend per customer results, despite a slight decline in the overall customer file [13][70] - The strength in the bottoms assortment helped offset ongoing softness in dresses, with a noted increase in engagement from marketing campaigns [17][102] Market Data and Key Metrics Changes - The company experienced a mixed consumer behavior, with direct consumers being more price-sensitive compared to retail consumers [51][80] - The impact of weather was noted, with cooler temperatures aiding sales in sweaters and outerwear as the season progressed [60] Company Strategy and Development Direction - The company is focused on modernizing the brand and enhancing omnichannel capabilities, with plans for new store growth and a new order management system coming online in 2025 [8][18] - A new share repurchase program has been authorized, reflecting confidence in the business model and growth opportunities [10][44] - The company aims to open up to 50 net new stores over the next five years, with a robust pipeline of potential locations [36][74] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the ongoing challenges in the consumer environment, particularly the lack of robust full-price selling seen earlier in the year [24][37] - For Q4, the company expects sales to decline by 4% to 6% compared to the previous year, with total comparable sales growth projected to increase by 1% to 3% [38][40] - The company remains committed to maintaining operational discipline and managing controllables amidst market uncertainties [43][44] Other Important Information - The company has reduced debt levels to approximately $76 million and initiated its first ordinary dividend program [44] - Capital expenditures for the quarter were $5.5 million, focused on store openings and the OMS project [34] Q&A Session Summary Question: Can you elaborate on the cadence of trends in the quarter? - Management noted that August was a soft month, but there was sequential improvement as the quarter progressed, aided by colder weather and marketing efforts [50] Question: Have you seen any changes in the broader promotional environment? - Management confirmed that Q4 tends to be promotional, with adjustments made to the timing of promotions [54] Question: What impact did weather have on sales? - Management acknowledged that weather was a headwind early in the season but improved as temperatures dropped [60] Question: Can you provide insights on customer file trends? - The overall customer file contracted slightly, but the best customer cohort continued to perform well [70] Question: What are the plans for store openings in 2025? - Management indicated a robust pipeline for store openings, with expectations to ramp up from the current year [74] Question: How is the company addressing direct consumer price sensitivity? - Management noted that the direct consumer has historically been more price-sensitive, but efforts are being made to maintain a healthy margin profile [80] Question: What is the potential impact of tariffs on the supply chain? - Management stated that tariffs are being monitored, but the impact is minimal as China accounts for less than 5% of finished goods production [87]
J.Jill(JILL) - 2025 Q3 - Quarterly Report
2024-12-11 22:00
Financial Performance - Net income for the thirteen weeks ended October 28, 2023, was $12.348 million, compared to $11.616 million for the same period in 2022, representing a year-over-year increase of 6.3%[86] - Adjusted EBITDA for the thirteen weeks ended October 28, 2023, was $26.808 million, down from $28.552 million in the prior year, reflecting a decrease of 6.1%[86] - Net sales for the thirteen weeks ended October 28, 2023, were $151.260 million, slightly up from $150.881 million in the same period last year, indicating a growth of 0.3%[86] - Adjusted EBITDA margin for the thirteen weeks ended October 28, 2023, was 17.7%, compared to 18.9% for the same period in 2022, showing a decline of 1.2 percentage points[86] - Operating income for the thirteen weeks ended November 2, 2024, was $19.2 million, a decrease of $2.9 million, or 13.1%, from $22.1 million in the prior year[88] - Net income for the thirteen weeks ended November 2, 2024, was $12.3 million, an increase of $0.7 million, or 6.3%, from $11.6 million for the same period in 2023[88] - For the thirty-nine weeks ended November 2, 2024, net sales increased by $10.3 million, or 2.2%, to $468.0 million compared to $457.8 million in the prior year[97] - Gross profit for the thirty-nine weeks ended November 2, 2024, increased by $5.8 million, or 1.8%, to $335.1 million, with a gross margin of 71.6% compared to 71.9% in the prior year[99] Expenses and Costs - SG&A expenses for the thirteen weeks ended November 2, 2024, increased by $2.2 million, or 2.5%, to $88.6 million, representing 58.6% of net sales[91] - SG&A expenses for the thirty-nine weeks ended November 2, 2024, increased by $10.4 million, or 4.1%, to $264.1 million, representing 56.4% of net sales[100] - The company incurs pre-opening costs for new stores, which include payroll, travel, training, and initial inventory costs, impacting short-term financial performance[83] Cash Flow and Debt - Interest expense for the thirty-nine weeks ended November 2, 2024, was $13.0 million, a decrease of $5.7 million, or 30.6%, from $18.8 million in the prior year[103] - The company recorded a loss on extinguishment of debt of $8.6 million for the thirty-nine weeks ended November 2, 2024, related to the voluntary prepayment of a portion of the Term Loan Credit Agreement[101] - The income tax provision was $13.8 million for the thirty-nine weeks ended November 2, 2024, compared to $13.3 million for the same period in 2023, with effective tax rates of 27.1% and 29.8% respectively[107] - As of November 2, 2024, the company had $38.8 million in cash and $35.7 million of total availability under its ABL Facility[108] - Net cash provided by operating activities increased to $56.9 million for the thirty-nine weeks ended November 2, 2024, compared to $56.7 million for the same period in 2023[113] - Net cash used in investing activities was $10.0 million for the thirty-nine weeks ended November 2, 2024, down from $10.8 million in the same period in 2023[115] - Net cash used in financing activities was $70.3 million for the thirty-nine weeks ended November 2, 2024, compared to $68.9 million for the same period in 2023[116] - The company made voluntary principal prepayments of $58.2 million and $27.2 million on its Term Loan Credit Agreement during Fiscal Year 2024[111] - As of November 2, 2024, the remaining Term Loan Facility principal balance was $76.5 million, with a scheduled repayment of $2.2 million prior to January 31, 2025[111] Dividends and Stock Repurchase - The company declared a quarterly cash dividend of $0.07 per share, resulting in total dividend payments of $1.0 million for the thirteen weeks and $1.8 million for the thirty-nine weeks ended November 2, 2024[117] - The company is authorized to repurchase up to $25.0 million of its common stock over the next two years under a newly approved Share Repurchase Program[108] Market and Strategic Initiatives - The ongoing implementation of strategic initiatives, including enhancements to the ecommerce platform and information systems, is expected to impact future operating results positively[81] - The company faces challenges from overall economic trends, including inflationary pressures and reduced consumer confidence, which may affect demand for merchandise[81] - The retail industry remains highly competitive, with the company needing to anticipate fashion trends to maintain customer appeal and attract new customers[81] - The total company comparable sales calculation is based on a 52-week period, which may not be comparable to sales data from other companies due to different calculation methods[83] - The company operates over 200 stores nationwide and has a robust ecommerce platform, contributing to its customer experience strategy[80]
J.Jill(JILL) - 2025 Q3 - Quarterly Results
2024-12-11 21:11
Financial Performance - Q3 FY24 net sales increased by 0.3% to $151.3 million compared to $150.9 million in Q3 FY23, benefiting from a calendar shift[4] - Total company comparable sales decreased by 0.8% in Q3 FY24, impacted by approximately 50 basis points due to hurricane-related disruptions[4] - Direct to consumer net sales represented 45.7% of total net sales and increased by 0.3% compared to Q3 FY23[4] - Gross margin for Q3 FY24 was 71.4%, down from 72.0% in Q3 FY23[4] - Operating income for Q3 FY24 was $19.2 million, with an operating income margin of 12.7%, compared to $22.1 million and 14.7% in Q3 FY23[4] - Net income for Q3 FY24 was $12.3 million, an increase from $11.6 million in Q3 FY23[4] - For FY24, the company anticipates net sales to be flat to up 1% compared to FY23, with Adjusted EBITDA expected to decline by 5% to 7%[12] - Net income for the thirteen weeks ended November 2, 2024, was $12,348 thousand, compared to $11,616 thousand for the same period in 2023, representing an increase of 6.3%[35] - Adjusted EBITDA for the thirteen weeks ended November 2, 2024, was $26,808 thousand, down from $28,552 thousand in the prior year, reflecting a decrease of 6.1%[35] - For the thirty-nine weeks ended November 2, 2024, net income was $37,235, compared to $31,434 for the same period last year, indicating a year-over-year increase of 18.4%[49] Future Outlook - The company expects Q4 FY24 net sales to decline by 4% to 6% compared to the 14-week Q4 FY23[11] - The company authorized a share repurchase program for up to $25.0 million over the next 2 years, reflecting confidence in long-term opportunities[9] Store Operations - The company opened three new stores in Q3 FY24, maintaining a total store count of 247[5] Cash Flow and Investments - The company reported a net cash provided by operating activities of $19,067 for the thirteen weeks ended November 2, 2024, down from $21,067 in the prior year, a decrease of 9.5%[51] - Free cash flow for the thirteen weeks ended November 2, 2024, was $13,580, compared to $17,412 for the same period last year, reflecting a decline of 22.1%[52] - The company reported a net cash used in investing activities of $(5,487) for the thirteen weeks ended November 2, 2024, compared to $(3,655) in the prior year, indicating an increase in investment spending[51] Equity and Compensation - Total shareholders' equity increased significantly from $37,218 million to $103,261 million, an increase of approximately 177.5%[33] - Equity-based compensation expense for the thirteen weeks ended November 2, 2024, was $1,726 thousand, compared to $942 thousand in the prior year, an increase of 83.3%[41] - The company incurred equity-based compensation expenses of $4,676 for the thirty-nine weeks ended November 2, 2024, compared to $2,757 in the prior year, an increase of 69.5%[49] Non-GAAP Measures - Adjusted EBITDA is used as a key performance measure, although it is a non-GAAP financial metric and should not be considered a substitute for GAAP measures[19] - The company emphasizes the importance of reviewing reconciliations of non-GAAP measures to GAAP measures for a comprehensive understanding of financial performance[20] - Adjusted net income for the thirteen weeks ended November 2, 2024, was $13,844, compared to $12,028 for the same period last year, representing a year-over-year increase of 15.2%[46] - Adjusted net income per share (diluted) increased to $0.89 for the thirteen weeks ended November 2, 2024, up from $0.83 in the prior year, reflecting a growth of 7.2%[46] - Adjusted income from operations for the thirteen weeks ended November 2, 2024, was $21,371 thousand, compared to $22,477 thousand in the prior year, a decrease of 4.9%[41] - The adjusted tax provision for adjusted net income was estimated at 27.2% for the thirty-nine weeks ended November 2, 2024, compared to 27.9% for the thirty-nine weeks ended October 28, 2023[49] Assets and Liabilities - Total current assets decreased from $138,129 million to $125,811 million, a decline of approximately 8.5%[33] - Total liabilities decreased from $390,962 million to $314,995 million, a reduction of approximately 19.4%[33] - Current portion of long-term debt decreased from $35,353 thousand to $2,188 thousand, a decline of approximately 93.8%[33] Miscellaneous - The company experienced a loss due to hurricane amounting to $252 for the thirteen weeks ended November 2, 2024, with no such loss reported in the prior year[46]
After The Q2 2024 Drop, J.Jill's Price Is More Reasonable, But The Stock Is Not An Opportunity Yet.
Seeking Alpha· 2024-09-12 12:38
Core Viewpoint - J.Jill's stock fell nearly 40% following a reduction in guidance despite a slight growth in comparable sales, indicating concerns about future traffic trends and overall revenue performance [2][3]. Group 1: 2Q24 Results and Guidance - J.Jill reported a 0.9% year-over-year decline in revenues, but a 1.7% growth on a comparable basis, which is relatively positive in the current apparel market context [3]. - The company experienced a deceleration in growth from 3% in Q1 to 1.7% in Q2, with management warning of worsening traffic trends in July and August [3]. - Guidance for Q3 comparables has been reduced to a decline of 0.5%, with adjusted EBITDA expectations now down between 3% and 9% [3]. - Gross margins are expected to be challenged in the second half of 2024 due to declining sales and increased inventory levels, which rose 15% year-over-year [3]. - SG&A expenses increased by $2 million in Q2 due to wage inflation and other costs, with a total impact of $3.4 million for the year [3]. Group 2: Capital Structure and Financial Health - The company issued 1 million shares at $31 each to repay debts, reducing net debt from $94 million to $44.5 million [3][4]. - Despite reducing financial risk, the company still maintains leverage at high interest rates, with a term loan yielding 13% [4][5]. - The decision to implement a $0.07 quarterly dividend while holding debt has raised questions about capital allocation strategies [3][4]. Group 3: Valuation and Market Position - J.Jill's market capitalization is approximately $365 million, with an enterprise value of around $410 million, reflecting a decrease due to debt repayments [4]. - Expected adjusted EBITDA for the year is projected to be between $101 million and $108 million, leading to a net income range of $47 million to $52 million [4][5]. - The current EV/NOPAT is about 7.2x and P/E is approximately 7.3x, indicating a current earnings yield of 14%, which is considered reasonable but reflects the company's reliance on revenue growth [4][5].