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J. Jill confident on holiday quarter after topping Q3 estimates

Published 12/05/2017, 07:08 AM
© Reuters.  J. Jill confident on holiday quarter after topping Q3 estimates
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  • J. Jill (NYSE:JILL) cruise past estimates with its Q3 report.
  • Total sales were up 1.6% to $162M during the quarter, while comparable store sales fell 0.6%. Direct to consumer sales fell 140 bps to rep 39.5% of sales.
  • Gross profit dropped 80 bps to 67.0% of sales. SG&A expenses increased 170 bps to 58.4% of sales. Adjusted EBITDA came in at 14.2% of sales vs. 16.7% a year ago.
  • "Thus far in the fourth quarter, we have returned to total comparable sales growth, with our current product offering better aligned to what our customer expects from J.Jill," says CEO Paula Bennett.
  • The retailer expects comparable sales to be up 2% to 4% in Q4. EPS of $0.06 to $0.08 is anticipated.
  • Previously: J. Jill beats by $0.04, beats on revenue (Dec. 5)
  • Now read: G-III Apparel beats by
  • Now read: G-III Apparel beats by $0.13, misses on revenue
  • .13, misses on revenue


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