J.Jill news and archive

J.Jill reports resilient full-year results but cautious start to FY25

Women’s wear retailer J.Jill delivered steady full-year results but anticipates a slower start to the new fiscal year. The company’s net sales for the year ended February 1, 2025 increased 0.5 percent to 610.9 million dollars, while comparable sales increased by 1.5 percent. Net income per diluted share improved to 3.47 dollars, while adjusted...

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Mary Ellen Coyne to take helm at J.Jill in May 2025

J.Jill, the apparel and accessories brand, has appointed Mary Ellen Coyne as chief executive officer and president, effective May 1, 2025. Coyne, who brings more than 30 years of industry experience, will also join the company’s board of directors. She succeeds CEO Claire Spofford, who announced her retirement in December and will step down on...

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J.Jill reaffirms Q4 and full year outlook

Reaffirming its fourth quarter outlook, J.Jill said that the company continues to expect net sales to be down 4 percent to 6 percent, while comparable sales to be up 1 percent to 3 percent. The company added that adjusted EBITDA is expected to be in the range of 12 million dollars to 14 million dollars. For fiscal 2024, the company continues to...

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J.Jill posts positive Q3, announces CEO Claire Spofford to retire next year

J.Jill reported third quarter net sales increased 0.3 percent to 151.3 million dollars, while comparable sales, which includes comparable store and direct to consumer sales, decreased by 0.8 percent, negatively impacted by approximately 50 basis points due to hurricane-related disruptions in the quarter. The company also announced that Claire...

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J.Jill’s Q2 sales drop marginally, cuts outlook

For the second quarter, J.Jill’s net sales decreased 0.9 percent to 155.2 million dollars, while comparable sales increased by 1.7 percent for the quarter under review. For fiscal 2024, the company is lowering its guidance and now expects net sales to be about flat to up 1 percent and for adjusted EBITDA to decline in the range of 4 percent to 9...

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Courtnee Chun joins J.Jill’s board of directors

J.Jill retail store Credits: Ritu Jethani via Dreamstime J.Jill has appointed Courtnee Chun to its board of directors, effective September 3, 2024. Chun will serve on the compensation and audit committees. “Courtnee has advised public companies throughout her career. Her extensive expertise in investor relations and strategic planning, combined...

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J.Jill announces stock offering plan

Women’s apparel brand J.Jill has announced a proposed offering of 2,000,000 shares of its common stock at a price of 31 dollars per share. J.Jill is offering 1,000,000 shares and an affiliate of TowerBrook Capital Partners, the company’s largest stockholder, is offering 1,000,000 shares. The offering is expected to close on June 14, 2024. The...

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J.Jill's Q1 comparable sales up, raises outlook

First quarter net sales at J.Jill increased 7.5 percent to 161.5 million dollars, while comparable sales increased by 3.1 percent for the quarter under review. Direct to consumer net sales, which represented 47 percent of net sales, were up 11.6 percent compared to the first quarter of fiscal 2023. For fiscal 2024, the company is raising its...

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J.Jill initiates quarterly dividend, raises Q1 outlook

For the first quarter of fiscal 2024, J.Jill expects net sales of about 160 million dollars, an increase of 7 percent and adjusted EBITDA of approximately 33 million dollars to 34 million dollars. The company’s board of directors declared an initial quarterly cash dividend of 7 cents per share payable on June 12, 2024, to all stockholders of...

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J.Jill Inc. Q4 sales on the up but annually on a decline

US women’s retailer J.Jill Inc. issued its financial results for the fourth quarter and fiscal year ending February 3, 2024, during which time it set about strengthening its financial foundation by executing a “disciplined operating model”. For the fourth quarter, total net sales rose 1.2 percent to 149.4 million dollars compared to last year’s...

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J.Jill continues to expect flat revenue growth for Q4

J.Jill, Inc. has reaffirmed its fourth quarter and full year guidance and continues to expect revenues to be approximately flat for the fourth quarter. Fourth quarter adjusted EBITDA is expected to be in the range of 11 million dollars and 13 million dollars. For fiscal 2023, the company continues to expect Adjusted EBITDA dollars to be down in...

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J.Jill: Q3 comparable sales and earnings improve

J.Jill’s third quarter net sales were down 0.1 percent to 150.1 million dollars, while comparable sales increased by 1.9 percent. For the fourth quarter, the company expects revenues to be approximately flat and adjusted EBITDA to be in the range of 11 million dollars and 13 million dollars. For fiscal 2023, the company continues to expect...