Women's apparel retailer J.Jill slightly beats Q3 sales expectations

Overview

• Lifestyle apparel brand's Q3 net sales slightly beat analysts' expectations

• Adjusted EBITDA for Q3 decreased to $24.3 mln from $26.8 mln last year

• Company opened two new stores and repurchased shares worth approximately $2 mln

Outlook

• J.Jill expects Q4 net sales to decline 5% to 7% from fiscal 2024

• Company forecasts Q4 comparable sales to fall 6.5% to 8.5%

• J.Jill anticipates Q4 adjusted EBITDA between $3 mln and $5 mln

Result Drivers

• MARKETING MIX - Co is rebalancing its marketing mix and refreshing imagery to drive sales

• DIRECT SALES - Direct to consumer sales rose 2% in Q3, representing 46.8% of total sales

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the apparel & accessories retailers peer group is "buy"

• Wall Street's median 12-month price target for JJill Inc is $18.50, about 12.2% above its December 9 closing price of $16.49

• The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 5 three months ago

Press Release: ID:nBw8yD025a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)