J.Jill(US:JILL)2025-12-10 11:45Financial Performance - Q3 FY25 net sales decreased by 0.5% to $150.5 million compared to $151.3 million in Q3 FY24[4] - Gross margin for Q3 FY25 was 70.9%, down from 71.4% in Q3 FY24[4] - Operating income for Q3 FY25 was $14.9 million, with an operating income margin of 9.9%, down from 12.7% in Q3 FY24[4] - Net income for Q3 FY25 was $9.2 million, compared to $12.3 million in Q3 FY24, resulting in diluted earnings per share of $0.60[4] - Adjusted EBITDA for Q3 FY25 was $24.3 million, with an adjusted EBITDA margin of 16.1%, down from 17.7% in Q3 FY24[7] - For the full fiscal year 2025, the company expects net sales to decline approximately 5% to 7% compared to fiscal 2024[14] - Net income for the thirteen weeks ended November 1, 2025, was $9.205 million, compared to $12.348 million in the prior year, representing a decrease of 25.5%[24] - Net income for the thirty-nine weeks ended November 1, 2025, was $31,412,000, a decrease of 15.1% compared to $37,235,000 for the same period in 2024[37] - Adjusted net income for the thirty-nine weeks ended November 1, 2025, was $37,523,000, compared to $47,260,000 for the same period in 2024, reflecting a decrease of 20.5%[53] Sales and Revenue - Direct to consumer net sales represented 46.8% of total net sales, increasing by 2.0% year-over-year[4] - Net sales for the thirteen weeks ended November 1, 2025, were $150.528 million, a slight decrease of 0.5% compared to $151.260 million for the same period in 2024[24] - For the thirty-nine weeks ended November 1, 2025, net sales totaled $458.139 million, a decrease of 2.1% from $468.015 million in the same period of 2024[27] - Net sales for the thirty-nine weeks ended November 1, 2025, were $458,139,000, a decline of 2.0% from $468,015,000 in the previous year[37] Operating Metrics - Inventory at the end of Q3 FY25 was $66.9 million, up from $61.7 million at the end of Q3 FY24[7] - Adjusted EBITDA for the thirteen weeks ended November 1, 2025, was $24.250 million, down from $26.808 million, with an adjusted EBITDA margin of 16.1%[32] - Adjusted EBITDA for the thirty-nine weeks ended November 1, 2025, was $77,174,000, down 16.7% from $92,642,000 in the prior year[37] - Adjusted EBITDA margin for the thirty-nine weeks ended November 1, 2025, was 16.8%, a decrease from 19.8% in the same period of 2024[37] - Operating income decreased to $14.920 million from $19.227 million, indicating a decline of 22.0% year-over-year[24] - Operating income for the thirty-nine weeks ended November 1, 2025, was $50,765,000, down 28.2% from $70,621,000 in the previous year[42] Cash Flow and Dividends - The company declared a quarterly cash dividend of $0.08 per share, payable on January 7, 2026[11] - The company declared cash dividends of $0.08 per common share for the thirteen weeks ended November 1, 2025, compared to $0.07 in the prior year[24] - Free cash flow for the thirty-nine weeks ended November 1, 2025, was $34,939,000, down 25.5% from $46,900,000 in the prior year[60] - Net cash provided by operating activities for the thirty-nine weeks ended November 1, 2025, was $43,749,000, a decrease of 23.2% compared to $56,947,000 in 2024[58] - The company reported a net cash used in financing activities of $12,360,000 for the thirty-nine weeks ended November 1, 2025, compared to $70,307,000 in the prior year[58] Assets and Liabilities - Total assets increased to $457.997 million as of November 1, 2025, from $417.699 million as of February 1, 2025[29] - Total liabilities rose to $328.948 million as of November 1, 2025, compared to $311.930 million as of February 1, 2025[29] - The company reported an accumulated deficit of $105.230 million as of November 1, 2025, an improvement from $136.642 million as of February 1, 2025[29] Store Expansion - The company opened two new stores in Q3 FY25, bringing the total store count to 249[7]