J Jill Stock Price, News & Analysis

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.

J.Jill, Inc. (NYSE:JILL) released its financial results for Q4 and fiscal year ending January 30, 2021, highlighting challenges due to the COVID-19 pandemic. Total net sales for Q4 were $120.4 million, a decline from $168.1 million in the same period last year. Inventory decreased by 20.1% year-over-year. Gross profit was $68.7 million, with a gross margin of 57.0%. The company reported a net loss of $29.0 million, improved from $38.6 million a year prior. J.Jill expects to close about 20 stores in fiscal 2021 and plans a capital spend of approximately $10 million.

J.Jill, Inc. (NYSE:JILL) will release its financial results for Q4 and fiscal year 2020 before market open on March 16, 2021. CEO Claire Spofford and CFO Mark Webb will discuss the results in a conference call at 8:00 a.m. ET. Investors can join the call by dialing (844) 502-5028 or (647) 689-5145, with the conference ID 3458724. A live audio webcast will also be available. A replay of the call will be accessible two hours later until March 23, 2021.

J.Jill is an omnichannel retailer known for its women's apparel, operating over 265 stores and a strong e-commerce platform.

On February 15, 2021, J.Jill (NYSE: JILL) granted 300,000 restricted stock units (RSUs) to CEO Claire Spofford as an inducement to her hiring. This grant, approved by the Board and outside the 2017 Omnibus Equity Incentive Plan, is in compliance with NYSE Rule 303A.08. The RSUs will vest in equal installments over four years, contingent upon Ms. Spofford's continued employment, with potential accelerated vesting for qualifying terminations. J.Jill operates over 270 stores and a strong e-commerce platform, focusing on women's apparel.

J.Jill, Inc. (NYSE:JILL) announced Q3 2020 results, reporting a net loss of $23.2 million, compared to a profit of $2.4 million in Q3 2019. Direct sales increased by 4%, comprising 63.3% of total sales. Gross profit declined to $69.0 million with a gross margin of 58.9%, down from 64.4% a year ago. The company successfully reduced inventory by 17%, ending Q3 with $67.6 million in stock. Despite ongoing challenges from the COVID-19 pandemic, J.Jill anticipates ending the fiscal year with around 270 stores and has appointed Claire Spofford as the new CEO, effective early 2021.

J.Jill, Inc. (NYSE:JILL) will release its third quarter fiscal 2020 financial results on December 10, 2020, before market open. A conference call will follow at 8:00 a.m. ET to discuss the results, with dial-in options provided for analysts and investors. A live audio webcast will also be available. Additionally, a taped replay of the call will be accessible two hours after the live event until December 17, 2020. J.Jill is known as a leading omnichannel retailer and women's apparel brand, operating approximately 275 stores and a strong e-commerce platform.

J.Jill, Inc. (NYSE:JILL) has appointed Claire Spofford as Chief Executive Officer, effective by February 15. Spofford brings over 20 years of retail experience, including her recent role as President of Cornerstone Brands. The transition from Interim CEO Jim Scully aims for continuity as the company enhances its operational and financial foundation post-COVID-19. Chairman Michael Rahamim expressed confidence in Spofford's ability to drive growth, emphasizing J.Jill's commitment to its customer base and brand legacy.

J.Jill, Inc. (NYSE:JILL) announced significant updates following its financial restructuring transaction completed on September 30, 2020. The transaction secured at least $15 million in new capital and extended certain debt maturities to May 2024, enhancing the company's financial flexibility. The Board has also approved a reverse stock split, with a ratio between 1-for-3 and 1-for-10, to comply with NYSE minimum price requirements. CEO Jim Scully expressed confidence in the company’s operational adjustments and loyal customer base to drive sustainable results.