QUINCY, Mass. - J.Jill, Inc. (NYSE:JILL) reported second quarter earnings that topped analyst estimates, but issued a cautious outlook for the current quarter amid a challenging consumer environment.
JILL shares were trading 0.81% higher in Wednesday's premarket session following the announcement.
The women's apparel retailer posted adjusted earnings per share of $1.05 for Q2, beating the consensus estimate of $0.91. Revenue came in at $155.2 million, slightly above expectations of $154.22 million but down 0.9% year-over-year.
Comparable sales increased 1.7% in Q2 compared to the same period last year. Direct-to-consumer net sales, which made up 47.1% of total sales, rose 3.6% YoY.
"We delivered solid second quarter results driven by a strong start to the quarter and ongoing disciplined execution of our operating model amidst a dynamic consumer environment," said CEO Claire Spofford.
However, the company noted it has seen changes in consumer behavior during the summer months, which has extended into the start of Q3. For the current quarter, J.Jill expects net sales to be down 1% to up 2% YoY. It forecasts adjusted EBITDA of $23-$27 million for Q3.
The cautious outlook reflects ongoing economic uncertainty impacting consumer spending. J.Jill said it remains focused on disciplined operations and advancing strategic initiatives to drive long-term growth.
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