J.Jill reports resilient full-year results but cautious start to FY25
J.Jill retail store Credits: Ritu Jethani via Dreamstime Women’s wear retailer J.Jill delivered steady full-year results but anticipates a slower start to the new fiscal year. The company’s net sales for the year ended February 1, 2025 increased 0.5 percent to 610.9 million dollars, while comparable sales increased by 1.5 percent. Net income per diluted share improved to 3.47 dollars, while adjusted EBITDA was 107.1 million dollars. Looking ahead to the first quarter, the company expects net sales to decline 1 percent to 4 percent, comparable sales to decline 2 percent to 5 percent and adjusted EBITDA to be in the range of 25 million dollars to 27 million dollars. President and CEO Claire Spofford expressed confidence in the company’s performance despite a challenging macroeconomic environment. “Fiscal 2024 results reflect our disciplined operating model, as we met our objectives while strengthening our balance sheet, enhancing shareholder returns, and investing in store expansion and system upgrades.” However, Spofford acknowledged near-term uncertainty, citing a slow start to Q1 and continued price sensitivity among customers. “With the implementation of our new Order Management System, a growing pipeline of new stores, and the addition of Mary Ellen Coyne to our leadership team this spring, we are well positioned for the next chapter of growth.” For fiscal 2025, the company forecasts net sales to be up 1 percent to 3 percent, comparable Sales to be in the range of flat to up 2 percent and adjusted EBITDA to be in the range of 101 million dollars to 106 million dollars. J.Jill plans to open around five to ten new stores. Additionally, on December 4, 2024, the company’s board declared a cash dividend of 7 cents per share, payable on January 9, 2025.
Women’s wear retailer J.Jill delivered steady full-year results but anticipates a slower start to the new fiscal year.
The company’s net sales for the year ended February 1, 2025 increased 0.5 percent to 610.9 million dollars, while comparable sales increased by 1.5 percent. Net income per diluted share improved to 3.47 dollars, while adjusted EBITDA was 107.1 million dollars.
Looking ahead to the first quarter, the company expects net sales to decline 1 percent to 4 percent, comparable sales to decline 2 percent to 5 percent and adjusted EBITDA to be in the range of 25 million dollars to 27 million dollars.
President and CEO Claire Spofford expressed confidence in the company’s performance despite a challenging macroeconomic environment. “Fiscal 2024 results reflect our disciplined operating model, as we met our objectives while strengthening our balance sheet, enhancing shareholder returns, and investing in store expansion and system upgrades.”
However, Spofford acknowledged near-term uncertainty, citing a slow start to Q1 and continued price sensitivity among customers. “With the implementation of our new Order Management System, a growing pipeline of new stores, and the addition of Mary Ellen Coyne to our leadership team this spring, we are well positioned for the next chapter of growth.”
For fiscal 2025, the company forecasts net sales to be up 1 percent to 3 percent, comparable Sales to be in the range of flat to up 2 percent and adjusted EBITDA to be in the range of 101 million dollars to 106 million dollars. J.Jill plans to open around five to ten new stores.
Additionally, on December 4, 2024, the company’s board declared a cash dividend of 7 cents per share, payable on January 9, 2025.
