Profit falls as J.Jill (NYSE: JILL) lifts dividend and guides 2026 lower
Rhea-AI Filing Summary
J.Jill, Inc. reported softer results for the quarter and year ended January 31, 2026 while increasing its shareholder payout. Fourth-quarter net sales fell 3.1% to $138.4 million and the company posted a net loss of $3.5 million, hurt by $3.1 million of debt-refinancing costs and higher tariffs.
For fiscal 2025, net sales declined 2.3% to $596.5 million, net income dropped to $27.9 million and Adjusted EBITDA fell to $84.3 million. Tariffs added about $7.5 million of incremental costs and inventory ended at $70.1 million, including roughly $9.0 million of tariff-related costs.
The board raised the quarterly dividend 12.5% to $0.09 per share, or $0.36 annualized, and repurchased about 637,743 shares for $10.4 million in fiscal 2025. For fiscal 2026, J.Jill guides net sales flat to down 2% with Adjusted EBITDA of $70–$75 million and approximately $20 million of free cash flow, reflecting continued tariff headwinds and modest growth investments.
Positive
- None.
Negative
- Profitability down sharply year-over-year: Fiscal 2025 Adjusted EBITDA declined to $84.3 million from $107.1 million and Adjusted EBITDA margin fell from 17.5% to 14.1%, while net income dropped to $27.9 million from $39.5 million, indicating materially weaker earnings power.
Insights
Profits and margins decline, outlook soft, but cash returns continue.
J.Jill is managing through a tougher year with lower sales and profitability. Fiscal 2025 net sales slipped to $596.5 million and Adjusted EBITDA fell to $84.3 million, as gross margin compressed and SG&A rose as a percentage of sales.
Tariffs are a major headwind: management cites about $7.5 million of incremental tariff costs in fiscal 2025 and expects roughly $15 million more in fiscal 2026, driving guided gross-margin declines. Q4 also absorbed a $3.1 million loss on debt refinancing, helping tip the quarter into a net loss.
Despite this, the balance sheet shows $41.0 million of cash and the company is returning capital via a 12.5% dividend increase and $10.4 million of buybacks, with $14.1 million remaining on its repurchase authorization as of January 31, 2026. The 2026 outlook—net sales flat to down 2% and Adjusted EBITDA of $70–$75 million—signals a cautious year ahead while continuing to fund growth initiatives and about $25 million of capex.
8-K Event Classification
Key Figures
Key Terms
Adjusted EBITDA financial
Free Cash Flow financial
loss on debt refinancing financial
incremental tariff costs financial
Earnings Snapshot
For fiscal 2026, J.Jill expects net sales flat to down 2%, comparable sales down 1–3%, gross margin down ~50 basis points with about $15 million of incremental tariffs, Adjusted EBITDA of $70–$75 million, approximately $25 million of capital expenditures, net growth of about five stores, and free cash flow of about $20 million.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
(Exact Name of Registrant as Specified in its Charter)
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
(Address of Principal Executive Offices) (Zip Code)
(Registrant’s telephone number, including area code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading symbol(s) |
Name of each exchange on which registered |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition
On March 31, 2026, J.Jill, Inc. issued a press release to announce its financial results for the fourth quarter and fiscal year ended January 31, 2026. A copy of the press release is attached as Exhibit 99.1 to this current report on Form 8-K and is incorporated herein by reference.
The information in this report (including Exhibit 99.1) shall not be deemed to be “filed” for purposes of Section 18, of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 8.01 Other Events.
On March 31, 2026, the Board of Directors of J.Jill, Inc. (the “Company”) declared a quarterly cash dividend of $0.09 per share on the Company’s common stock (the “Dividend”). The Dividend is payable on April 28, 2026 to stockholders of record of issued and outstanding shares of the Company’s common stock as of April 14, 2026.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. |
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Description |
99.1 |
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Press Release dated March 31, 2026, announcing financial results for the fiscal quarter and fiscal year ended January 31, 2026, and quarterly dividend. |
104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Dated: March 31, 2026
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J.JILL, INC. |
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By: |
/s/ Mark Webb |
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Name: |
Mark Webb |
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Title: |
Executive Vice President, Chief Financial and Operating Officer |
EXHIBIT 99.1
J.JILL, INC. ANNOUNCES FOURTH QUARTER AND FULL YEAR 2025 RESULTS
Increases Quarterly Dividend by 12.5%
Provides Q1 and Full Year FY26 Outlook
Quincy, Mass – March 31, 2026 – J.Jill, Inc. (NYSE:JILL) (“J.Jill” or the “Company”) today announced financial results for the fourth quarter and fiscal year ended January 31, 2026 and that the Board declared a cash dividend of $0.09 per share payable on April 28, 2026 to stockholders of record of issued and outstanding shares of the Company's common stock as of April 14, 2026. The quarterly dividend reflects a 12.5% increase over the previous dividend and equates to an annualized dividend rate of $0.36 per common share.
Mary Ellen Coyne, President and Chief Executive Officer of J.Jill, Inc. stated, “Throughout 2025, we deliberately embarked on a period of testing and learning to build the foundation for expanding our customer file. As we moved into the second half of the year, we validated new opportunities within our product assortment, piloted customer acquisition strategies, and implemented enhanced operational capabilities. We are encouraged by the early progress on these initiatives, and remain focused on the important work required to position the business for sustainable growth. Enabled by our disciplined operating model, we remain confident that the evolution of our product and marketing efforts will enhance and broaden the appeal and awareness of our incredible brand.”
For the fourth quarter ended January 31, 2026:
1
For year ended January 31, 2026:
Balance Sheet and Cash Flow Highlights
2
*Non-GAAP financial measures. Please see “Non-GAAP Financial Measures” and “Reconciliation of GAAP Net Income to Adjusted EBITDA,” “Reconciliation of GAAP Operating Income to Adjusted Income from Operations,” “Reconciliation of GAAP Net Income to Adjusted Net Income,” and “Reconciliation of GAAP Cash from Operations to Free Cash Flow” for more information.
Share Repurchase Authorization
During the fourth quarter and Fiscal Year ended January 31, 2026, the Company repurchased 266,891 and 637,743 shares of its common stock for an aggregate purchase price of approximately $3.8 and $10.4 million, respectively.
As of January 31, 2026, the Company had about $14.1 million remaining under our currently authorized $25.0 million share repurchase program, which expires on December 6, 2026. The share repurchase program is expected to be funded through the Company’s existing cash and future free cash flow. The timing of any repurchases and the number of shares repurchased are subject to the discretion of the Company and may be affected by various factors, including general market and economic conditions, the market price of the Company’s common stock, the Company’s earnings, financial condition, capital requirements and levels of indebtedness, legal requirements, and other factors that management may deem relevant. The share repurchase program authorization does not obligate the Company to acquire any shares of its common stock and may be amended, suspended or discontinued at any time. Shares may be repurchased from time to time through open market transactions, block trades, privately negotiated purchase transactions or other purchase techniques and may include purchases effected pursuant to one or more trading plans established pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.
Quarterly Dividend Payment
On December 3, 2025, the Board declared a cash dividend of $0.08 per share, payable on January 7, 2026 to stockholders of record of issued and outstanding shares of the Company’s common stock as of December 24, 2025.
Following the end of the fourth quarter of fiscal 2025, on March 31, 2026, the Board declared a cash dividend of $0.09 per share payable on April 28, 2026 to stockholders of record of issued and outstanding shares of the Company's common stock as of April 14, 2026. The quarterly dividend reflects a 12.5% increase over the previous dividend and equates to an annualized dividend rate of $0.36 per common share.
Outlook
The following outlook assumes an average 20% reciprocal tariff rate on applicable inventory received prior to February 28, 2026, an average 10% reciprocal tariff rate on applicable inventory received after February 28, 2026 through the first quarter of fiscal 2026, and an average 15% reciprocal tariff rate thereafter. The Company’s outlook does not assume receipt of any refunds on tariffs paid to date. In addition, the Company's outlook assumes a prudent approach to inventory investments with unit purchases positioned down in the mid-single digit percentage range compared to fiscal 2025.
For the first quarter of fiscal 2026, the Company expects the following:
3
For the full year of fiscal 2026, the Company expects the following:
Conference Call Information
A conference call to discuss fourth quarter 2025 and fiscal year ended January 31, 2026 results is scheduled for today, March 31, 2026, at 8:00 a.m. Eastern Time. Those interested in participating in the call are invited to dial (888) 596-4144 or (646) 968-2525 if calling internationally. Please dial in approximately 10 minutes prior to the start of the call and reference Conference ID 7311773 when prompted. A live audio webcast of the conference call will be available online at http://investors.jjill.com/Investors-Relations/News-Events/events.
A taped replay of the conference call will be available approximately two hours following the call and can be accessed both online and by dialing (800) 770-2030 or (609) 800-9909. The pin number to access the telephone replay is 7311773. The telephone replay will be available until April 7, 2026.
About J.Jill, Inc.
J.Jill is a national lifestyle brand that provides apparel, footwear and accessories designed to help its customers move through a full life with ease. The brand represents an easy, thoughtful and inspired style that celebrates the totality of all women and designs its products with its core brand ethos in mind: keep it simple and make it matter. J.Jill offers a high touch customer experience through about 250 stores nationwide and a robust ecommerce platform. J.Jill is headquartered outside Boston. For more information, please visit www.jjill.com or http://investors.jjill.com. The information included on our websites is not incorporated by reference herein.
Non-GAAP Financial Measures
To supplement our unaudited consolidated financial statements presented in accordance with generally accepted accounting principles (“GAAP”), we use the following non-GAAP measures of financial performance:
4
While we believe that Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Income from Operations, Adjusted Net Income, Adjusted Diluted EPS and Free Cash Flow are useful in evaluating our business, they are non-GAAP financial measures that have limitations as analytical tools. These non-GAAP measures should not be considered alternatives to, or substitutes for, Net Income, Income from Operations, Net Income per Diluted Share or Cash from Operations, which are calculated in accordance with GAAP. In addition, other companies, including companies in our industry, may calculate these non-GAAP measures differently or not at all, which reduces the usefulness of such non-GAAP financial measures as tools for comparison. We recommend that you review the reconciliation and calculation of Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Income from Operations, Adjusted Net Income, Adjusted Diluted EPS and Free Cash Flow to Net Income, Income from Operations, Net Income per Diluted Share and Cash from Operations, respectively, the most directly comparable GAAP financial measures, under “Reconciliation of GAAP Net Income to Adjusted EBITDA”, “Reconciliation of GAAP Operating Income to Adjusted Income from Operations”, “Reconciliation of GAAP Net Income to Adjusted Net Income” and “Reconciliation of GAAP Cash from Operations to Free Cash Flow” and not rely solely on Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Income from Operations, Adjusted Net Income, Adjusted Net Income per Diluted Share, Free Cash Flow or any single financial measure to evaluate our business.
5
Forward-Looking Statements
This press release contains, and oral statements made from time to time by our representatives may contain, “forward-looking statements.” All statements other than statements of historical facts contained in this press release, including statements regarding our strategy, future operations, future financial position, future revenue, projected costs, prospects, plans, objectives of management, expected market growth and any activities, events or developments that we intend, expect or believe may occur in the future are forward-looking statements. Such statements are often identified by words such as “could,” “may,” “might,” “will,” “likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “on-going,” “remain,” “on-track,” “projects,” “goal,” “target” (although not all forward-looking statements contain these identifying words) and similar references to future periods, or by the inclusion of forecasts or projections. Forward-looking statements are based on our current expectations and assumptions regarding capital market conditions, our business, the economy and other future conditions and are not guarantees of future performance. Because forward-looking statements relate to the future, by their nature, they are inherently subject to a number of risks, uncertainties, potentially inaccurate assumptions and changes in circumstances that are difficult to predict. As a result, our actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in any forward-looking statements include regional, national or global political, economic, business, competitive, market and regulatory conditions, including risks regarding: (1) our sensitivity to changes in economic conditions and discretionary consumer spending; (2) the material adverse impact of pandemics, other health crises or natural disasters on our operations, business and financial results; (3) our ability to anticipate and respond to changing customer preferences, shifts in fashion and industry trends in a timely manner; (4) our ability to maintain our brand image, engage new and existing customers and gain market share; (5) the impact of operating in a highly competitive industry with increased competition; (6) our ability to successfully optimize our omnichannel operations, including our ability to enhance our marketing efforts and successfully realize the benefits from our investments in new technology, for example our new predictive AI-powered inventory forecasting model and other AI tools, our upgraded point-of-sale system and our recently implemented order management system; (7) our ability to use effective marketing strategies and increase existing and new customer traffic; (8) any interruptions in our foreign sourcing operations and the relationships with our suppliers and agents; (9) any increases in the demand for, or the price of, raw materials used to manufacture our merchandise and other fluctuations in sourcing and distribution costs; (10) any material damage or interruptions to our information systems; (11) our ability to protect our trademarks and other intellectual property rights; (12) our indebtedness restricting our operational and financial flexibility; (13) our ability to manage our inventory levels, size assortments and merchandise mix; (14) the fact that we are no longer a controlled company; (15) the impact of any new or increased tariffs; (16) our management succession plan; and (17) other factors that may be described in our filings with the Securities and Exchange Commission (the “SEC”), including the factors set forth under “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended January 31, 2026. You are encouraged to read our filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. We caution investors, potential investors and others not to place considerable reliance on the forward-looking statements in this press release and in the oral statements made by our representatives. Any such forward-looking statement speaks only as of the date on which it is made. J.Jill undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
(Tables Follow)
6
J.Jill, Inc.
Consolidated Statements of Operations and Comprehensive Income
(Unaudited)
(Amounts in thousands, except share and per share data)
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For the Thirteen Weeks Ended |
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January 31, 2026 |
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February 1, 2025 |
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Net sales |
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$ |
138,410 |
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$ |
142,842 |
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Costs of goods sold (exclusive of depreciation and amortization) |
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51,099 |
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48,092 |
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Gross profit |
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87,311 |
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94,750 |
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Selling, general and administrative expenses |
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86,994 |
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89,311 |
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Impairment of long-lived assets |
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472 |
|
|
|
359 |
|
Operating (loss) income |
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(155 |
) |
|
|
5,080 |
|
Loss on debt refinancing |
|
|
3,116 |
|
|
|
— |
|
Interest expense |
|
|
2,210 |
|
|
|
2,692 |
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Interest income |
|
|
(539 |
) |
|
|
(530 |
) |
Income before provision for income taxes |
|
|
(4,942 |
) |
|
|
2,918 |
|
Income tax (benefit) provision |
|
|
(1,421 |
) |
|
|
670 |
|
Net (loss) income and total comprehensive income |
|
$ |
(3,521 |
) |
|
$ |
2,248 |
|
Net (loss) income per common share: |
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|
|
|
|
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Basic |
|
$ |
(0.23 |
) |
|
$ |
0.15 |
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Diluted |
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$ |
(0.23 |
) |
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$ |
0.14 |
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Weighted average common shares: |
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|
|
|
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||
Basic |
|
|
15,012,230 |
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|
|
15,329,437 |
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Diluted |
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15,313,933 |
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|
|
15,563,041 |
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Cash dividends declared per common share |
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$ |
0.08 |
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$ |
0.07 |
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7
J.Jill, Inc.
Consolidated Statements of Operations and Comprehensive Income
(Unaudited)
(Amounts in thousands, except share and per share data)
|
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For the Fifty-Two Weeks Ended |
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January 31, 2026 |
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February 1, 2025 |
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Net sales |
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$ |
596,549 |
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$ |
610,857 |
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Costs of goods sold (exclusive of depreciation and amortization) |
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186,804 |
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181,001 |
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Gross profit |
|
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409,745 |
|
|
|
429,856 |
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Selling, general and administrative expenses |
|
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358,451 |
|
|
|
353,382 |
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Impairment of long-lived assets |
|
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684 |
|
|
|
772 |
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Operating income |
|
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50,610 |
|
|
|
75,702 |
|
Loss on extinguishment of debt |
|
|
— |
|
|
|
8,570 |
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Loss on debt refinancing |
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3,116 |
|
|
|
— |
|
Interest expense |
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10,433 |
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|
|
15,701 |
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Interest income |
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(1,992 |
) |
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(2,550 |
) |
Income before provision for income taxes |
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39,053 |
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53,981 |
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Income tax provision |
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11,162 |
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14,498 |
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Net income and total comprehensive income |
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$ |
27,891 |
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$ |
39,483 |
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Net income per common share: |
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Basic |
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$ |
1.84 |
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$ |
2.64 |
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Diluted |
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$ |
1.82 |
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$ |
2.61 |
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Weighted average common shares: |
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|
|
|
|
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Basic |
|
|
15,188,966 |
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|
|
14,956,165 |
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Diluted |
|
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15,340,148 |
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|
|
15,136,833 |
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Cash dividends declared per common share |
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$ |
0.32 |
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$ |
0.21 |
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8
J.Jill, Inc.
Consolidated Balance Sheets
(Unaudited)
(Amounts in thousands, except share data)
|
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January 31, 2026 |
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February 1, 2025 |
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Assets |
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Current assets: |
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Cash and cash equivalents |
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$ |
41,015 |
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$ |
35,427 |
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Accounts receivable, net |
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4,322 |
|
|
|
5,017 |
|
Inventories, net |
|
|
70,066 |
|
|
|
61,295 |
|
Prepaid expenses and other current assets |
|
|
25,786 |
|
|
|
20,291 |
|
Total current assets |
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141,189 |
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|
|
122,030 |
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Property and equipment, net |
|
|
56,794 |
|
|
|
55,325 |
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Intangible assets, net |
|
|
56,322 |
|
|
|
61,015 |
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Goodwill |
|
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59,697 |
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|
|
59,697 |
|
Operating lease assets, net |
|
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128,944 |
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|
|
112,303 |
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Other assets |
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7,270 |
|
|
|
7,329 |
|
Total assets |
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$ |
450,216 |
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$ |
417,699 |
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Liabilities and Shareholders’ Equity |
|
|
|
|
|
|
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Current liabilities: |
|
|
|
|
|
|
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Accounts payable |
|
$ |
57,650 |
|
|
$ |
51,980 |
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Accrued expenses and other current liabilities |
|
|
30,864 |
|
|
|
40,479 |
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Current portion of long-term debt |
|
|
1,875 |
|
|
|
— |
|
Current portion of operating lease liabilities |
|
|
40,259 |
|
|
|
34,649 |
|
Total current liabilities |
|
|
130,648 |
|
|
|
127,108 |
|
Long-term debt, net of discount and current portion |
|
|
71,435 |
|
|
|
69,419 |
|
Deferred income taxes |
|
|
14,403 |
|
|
|
9,389 |
|
Operating lease liabilities, net of current portion |
|
|
111,231 |
|
|
|
104,751 |
|
Other liabilities |
|
|
1,000 |
|
|
|
1,263 |
|
Total liabilities |
|
|
328,717 |
|
|
|
311,930 |
|
Commitments and contingencies |
|
|
|
|
|
|
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Shareholders’ Equity |
|
|
|
|
|
|
||
Common stock, par value $0.01 per share; 50,000,000 shares authorized; 15,522,614 and 15,344,053 shares issued at January 31, 2026 and February 1, 2025 respectively; and 14,865,040 and 15,324,222 shares outstanding at January 31, 2026 and February 1, 2025, respectively |
|
|
157 |
|
|
|
153 |
|
Additional paid-in capital |
|
|
240,981 |
|
|
|
242,781 |
|
Treasury stock, at cost, 657,574 shares and 19,831 shares at January 31, 2026 and February 1, 2025, respectively |
|
|
(10,888 |
) |
|
|
(523 |
) |
Accumulated deficit |
|
|
(108,751 |
) |
|
|
(136,642 |
) |
Total shareholders’ equity |
|
|
121,499 |
|
|
|
105,769 |
|
Total liabilities and shareholders’ equity |
|
$ |
450,216 |
|
|
$ |
417,699 |
|
9
J.Jill, Inc.
Reconciliation of GAAP Net Income to Adjusted EBITDA
(Unaudited)
(Amounts in thousands)
|
|
For the Thirteen Weeks Ended |
|
|||||
|
|
January 31, 2026 |
|
|
February 1, 2025 |
|
||
Net (loss) income |
|
$ |
(3,521 |
) |
|
$ |
2,248 |
|
Add (Less): |
|
|
|
|
|
|
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Depreciation and amortization |
|
|
5,337 |
|
|
|
5,245 |
|
Income tax (benefit) provision |
|
|
(1,421 |
) |
|
|
670 |
|
Interest expense |
|
|
2,210 |
|
|
|
2,692 |
|
Interest income |
|
|
(539 |
) |
|
|
(530 |
) |
Adjustments: |
|
|
|
|
|
|
||
Equity-based compensation expense (a) |
|
|
1,269 |
|
|
|
1,836 |
|
Write-off of property and equipment (b) |
|
|
3 |
|
|
|
31 |
|
Amortization of cloud-based software implementation costs (c) |
|
|
562 |
|
|
|
237 |
|
Loss on debt refinancing (d) |
|
|
3,116 |
|
|
|
— |
|
Adjustment for exited retail stores (e) |
|
|
— |
|
|
|
(227 |
) |
Impairment of long-lived assets (f) |
|
|
472 |
|
|
|
359 |
|
(Gain) due to hurricane (g) |
|
|
(1,102 |
) |
|
|
(250 |
) |
Other non-recurring items (h) |
|
|
782 |
|
|
|
2,190 |
|
Adjusted EBITDA |
|
$ |
7,168 |
|
|
$ |
14,501 |
|
Net sales |
|
|
138,410 |
|
|
|
142,842 |
|
Adjusted EBITDA margin |
|
|
5.2 |
% |
|
|
10.2 |
% |
10
J.Jill, Inc.
Reconciliation of GAAP Net Income to Adjusted EBITDA
(Unaudited)
(Amounts in thousands)
|
|
For the Fifty-Two Weeks Ended |
|
|||||
|
|
January 31, 2026 |
|
|
February 1, 2025 |
|
||
Net income |
|
$ |
27,891 |
|
|
$ |
39,483 |
|
Add (Less): |
|
|
|
|
|
|
||
Depreciation and amortization |
|
|
21,215 |
|
|
|
21,337 |
|
Income tax provision |
|
|
11,162 |
|
|
|
14,498 |
|
Interest expense |
|
|
10,433 |
|
|
|
15,701 |
|
Interest income |
|
|
(1,992 |
) |
|
|
(2,550 |
) |
Adjustments: |
|
|
|
|
|
|
||
Equity-based compensation expense (a) |
|
|
5,376 |
|
|
|
6,510 |
|
Write-off of property and equipment (b) |
|
|
218 |
|
|
|
105 |
|
Amortization of cloud-based software implementation costs (c) |
|
|
2,238 |
|
|
|
882 |
|
Loss on extinguishment of debt (d) |
|
|
— |
|
|
|
8,570 |
|
Loss on debt refinancing (e) |
|
|
3,116 |
|
|
|
— |
|
Adjustment for exited retail stores (f) |
|
|
(242 |
) |
|
|
(843 |
) |
Impairment of long-lived assets (g) |
|
|
684 |
|
|
|
772 |
|
(Gain) loss due to hurricane (h) |
|
|
(1,102 |
) |
|
|
2 |
|
Other non-recurring items (i) |
|
|
5,345 |
|
|
|
2,673 |
|
Adjusted EBITDA |
|
$ |
84,342 |
|
|
$ |
107,140 |
|
Net sales |
|
|
596,549 |
|
|
|
610,857 |
|
Adjusted EBITDA margin |
|
|
14.1 |
% |
|
|
17.5 |
% |
11
J.Jill, Inc.
Reconciliation of GAAP Operating Income to Adjusted Income from Operations
(Unaudited)
(Amounts in thousands)
|
|
For the Thirteen Weeks Ended |
|
|||||
|
|
January 31, 2026 |
|
|
February 1, 2025 |
|
||
Operating (loss) income |
|
$ |
(155 |
) |
|
$ |
5,080 |
|
Add (Less): |
|
|
|
|
|
|
||
Equity-based compensation expense (a) |
|
|
1,269 |
|
|
|
1,836 |
|
Write-off of property and equipment (b) |
|
|
3 |
|
|
|
31 |
|
Adjustment for exited retail stores (c) |
|
|
— |
|
|
|
(227 |
) |
Impairment of long-lived assets (d) |
|
|
472 |
|
|
|
359 |
|
(Gain) due to hurricane (e) |
|
|
(1,102 |
) |
|
|
(250 |
) |
Other non-recurring items (f) |
|
|
782 |
|
|
|
2,190 |
|
Adjusted income from operations |
|
$ |
1,269 |
|
|
$ |
9,019 |
|
|
|
For the Fifty-Two Weeks Ended |
|
|||||
|
|
January 31, 2026 |
|
|
February 1, 2025 |
|
||
Operating income |
|
$ |
50,610 |
|
|
$ |
75,702 |
|
Add (Less): |
|
|
|
|
|
|
||
Equity-based compensation expense (a) |
|
|
5,376 |
|
|
|
6,510 |
|
Write-off of property and equipment (b) |
|
|
218 |
|
|
|
105 |
|
Adjustment for exited retail stores (c) |
|
|
(242 |
) |
|
|
(843 |
) |
Impairment of long-lived assets (d) |
|
|
684 |
|
|
|
772 |
|
(Gain) loss due to hurricane (e) |
|
|
(1,102 |
) |
|
|
2 |
|
Other non-recurring items (f) |
|
|
5,345 |
|
|
|
2,673 |
|
Adjusted income from operations |
|
$ |
60,889 |
|
|
$ |
84,921 |
|
12
J.Jill, Inc.
Reconciliation of GAAP Net Income to Adjusted Net Income
(Unaudited)
(Amounts in thousands, except share and per share data)
|
|
For the Thirteen Weeks Ended |
|
|||||
|
|
January 31, 2026 |
|
|
February 1, 2025 |
|
||
Net (loss) income |
|
$ |
(3,521 |
) |
|
$ |
2,248 |
|
Add: Income tax provision |
|
|
(1,421 |
) |
|
|
670 |
|
Income before provision for income tax |
|
|
(4,942 |
) |
|
|
2,918 |
|
Adjustments: |
|
|
|
|
|
|
||
Equity-based compensation expense (a) |
|
|
1,269 |
|
|
|
1,836 |
|
Write-off of property and equipment (b) |
|
|
3 |
|
|
|
31 |
|
Loss on debt refinancing (c) |
|
|
3,116 |
|
|
|
— |
|
Adjustment for exited retail stores (d) |
|
|
— |
|
|
|
(227 |
) |
Impairment of long-lived assets (e) |
|
|
472 |
|
|
|
359 |
|
(Gain) due to hurricane (f) |
|
|
(1,102 |
) |
|
|
(250 |
) |
Other non-recurring items (g) |
|
|
782 |
|
|
|
2,190 |
|
Adjusted (loss) income before income tax provision |
|
|
(402 |
) |
|
|
6,857 |
|
Less: Adjusted tax (benefit) provision (h) |
|
|
(115 |
) |
|
|
1,845 |
|
Adjusted net (loss) income |
|
$ |
(287 |
) |
|
$ |
5,012 |
|
Adjusted net (loss) income per share: |
|
|
|
|
|
|
||
Basic |
|
$ |
(0.02 |
) |
|
$ |
0.33 |
|
Diluted |
|
$ |
(0.02 |
) |
|
$ |
0.32 |
|
Weighted average number of common shares: |
|
|
|
|
|
|
||
Basic |
|
|
15,012,230 |
|
|
|
15,329,437 |
|
Diluted |
|
|
15,313,933 |
|
|
|
15,563,041 |
|
13
J.Jill, Inc.
Reconciliation of GAAP Net Income to Adjusted Net Income
(Unaudited)
(Amounts in thousands, except share and per share data)
|
|
For the Fifty-Two Weeks Ended |
|
|||||
|
|
January 31, 2026 |
|
|
February 1, 2025 |
|
||
Net income |
|
$ |
27,891 |
|
|
$ |
39,483 |
|
Add: Income tax provision |
|
|
11,162 |
|
|
|
14,498 |
|
Income before provision for income tax |
|
|
39,053 |
|
|
|
53,981 |
|
Adjustments: |
|
|
|
|
|
|
||
Equity-based compensation expense (a) |
|
|
5,376 |
|
|
|
6,510 |
|
Write-off of property and equipment (b) |
|
|
218 |
|
|
|
105 |
|
Loss on extinguishment of debt (c) |
|
|
— |
|
|
|
8,570 |
|
Loss on debt refinancing (d) |
|
|
3,116 |
|
|
|
— |
|
Adjustment for exited retail stores (e) |
|
|
(242 |
) |
|
|
(843 |
) |
Impairment of long-lived assets (f) |
|
|
684 |
|
|
|
772 |
|
(Gain) loss due to hurricane (g) |
|
|
(1,102 |
) |
|
|
2 |
|
Other non-recurring items (h) |
|
|
5,345 |
|
|
|
2,673 |
|
Adjusted income before income tax provision |
|
|
52,448 |
|
|
|
71,770 |
|
Less: Adjusted tax provision (i) |
|
|
15,000 |
|
|
|
19,306 |
|
Adjusted net income |
|
$ |
37,448 |
|
|
$ |
52,464 |
|
Adjusted net income per share: |
|
|
|
|
|
|
||
Basic |
|
$ |
2.47 |
|
|
$ |
3.51 |
|
Diluted |
|
$ |
2.44 |
|
|
$ |
3.47 |
|
Weighted average number of common shares: |
|
|
|
|
|
|
||
Basic |
|
|
15,188,966 |
|
|
|
14,956,165 |
|
Diluted |
|
|
15,340,148 |
|
|
|
15,136,833 |
|
14
J.Jill, Inc.
Selected Cash Flow Information
(Unaudited)
(Amounts in thousands)
Summary Data from the Statement of Cash Flows
|
|
For the Thirteen Weeks Ended |
|
|||||
|
|
January 31, 2026 |
|
|
February 1, 2025 |
|
||
Net cash (used in) provided by operating activities |
|
$ |
(1,605 |
) |
|
$ |
8,089 |
|
Net cash used in investing activities |
|
|
(10,105 |
) |
|
|
(7,708 |
) |
Net cash used in financing activities |
|
|
(5,281 |
) |
|
|
(3,719 |
) |
Net change in cash and cash equivalents |
|
|
(16,991 |
) |
|
|
(3,338 |
) |
Cash and cash equivalents and restricted cash: |
|
|
|
|
|
|
||
Beginning of Period |
|
|
58,369 |
|
|
|
39,133 |
|
Decrease in restricted cash |
|
|
— |
|
|
|
(5 |
) |
End of Period (a) |
|
$ |
41,378 |
|
|
$ |
35,790 |
|
|
|
For the Fifty-Two Weeks Ended |
|
|||||
|
|
January 31, 2026 |
|
|
February 1, 2025 |
|
||
Net cash provided by operating activities |
|
$ |
42,144 |
|
|
$ |
65,036 |
|
Net cash used in investing activities |
|
|
(18,915 |
) |
|
|
(17,755 |
) |
Net cash used in financing activities |
|
|
(17,641 |
) |
|
|
(74,026 |
) |
Net change in cash and cash equivalents |
|
|
5,588 |
|
|
|
(26,745 |
) |
Cash and cash equivalents and restricted cash: |
|
|
|
|
|
|
||
Beginning of Period |
|
|
35,790 |
|
|
|
62,540 |
|
Decrease in restricted cash |
|
|
— |
|
|
|
(5 |
) |
End of Period (a) |
|
$ |
41,378 |
|
|
$ |
35,790 |
|
Summary Data from the Statement of Cash Flows
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows:
|
|
For the Fiscal Year Ended |
|
|
|||||||||
|
|
January 31, 2026 |
|
|
February 1, 2025 |
|
|
February 3, 2024 |
|
|
|||
Cash and cash equivalents |
|
$ |
41,015 |
|
|
$ |
35,427 |
|
|
$ |
62,172 |
|
|
Restricted cash reported in Prepaid expenses and other current assets |
|
|
363 |
|
|
|
363 |
|
|
|
368 |
|
|
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows |
|
$ |
41,378 |
|
|
$ |
35,790 |
|
|
$ |
62,540 |
|
|
Reconciliation of GAAP Cash from Operations to Free Cash Flow
|
|
For the Thirteen Weeks Ended |
|
|||||
|
|
January 31, 2026 |
|
|
February 1, 2025 |
|
||
Net cash (used in) provided by operating activities |
|
$ |
(1,605 |
) |
|
$ |
8,089 |
|
Less: Capital expenditures (a) |
|
|
(10,105 |
) |
|
|
(7,708 |
) |
Free cash flow |
|
$ |
(11,710 |
) |
|
$ |
381 |
|
15
|
|
For the Fifty-Two Weeks Ended |
|
|||||
|
|
January 31, 2026 |
|
|
February 1, 2025 |
|
||
Net cash provided by operating activities |
|
$ |
42,144 |
|
|
$ |
65,036 |
|
Less: Capital expenditures (a) |
|
|
(18,915 |
) |
|
|
(17,755 |
) |
Free cash flow |
|
$ |
23,229 |
|
|
$ |
47,281 |
|
Contacts:
Investor Relations:
Caitlin Churchill
ICR, Inc.
investors@jjill.com
203-682-8200
Business and Financial Media:
Michael McMullan / Danielle Poggi
Berns Communications Group
mmcmullan@bcg-pr.com / dpoggi@bcg-pr.com
16
FAQ
How did JILL perform financially in fiscal year 2025?
What were JILL’s fourth-quarter 2025 results?
How much did tariffs impact JILL’s 2025 results and 2026 outlook?
What dividend is JILL paying and how does it compare to before?
What guidance did JILL provide for fiscal 2026?
What changes did JILL make to its debt in late 2025?
Filing Exhibits & Attachments
2 documentsPress Releases
