JJill Reports Q2 Results, Dodges Outlook, Expects Supply Chain Disruption - J.Jill (NYSE:JILL)

JJill Inc JILL reported second-quarter FY21 sales growth of 71.9% year-on-year, to $159.24 million. Q2 2020 sales were negatively impacted by the closure of stores for approximately half the quarter due to the COVID-19 pandemic.
Direct to consumer net sales grew 11.3% Y/Y and represented 46.4% of total net sales.
Gross profit grew 98.8% Y/Y to $109.4 million, and the gross margin expanded 930 basis points to 68.7%.
The operating margin was 14.8%, and operating income for the quarter was $23.5 million against a loss in Q2 FY20.
JJill held $18.1 million in cash and equivalents as of July 31, 2021.
Adjusted EBITDA for the quarter was $32.7 million.
Adjusted EPS was $0.93 versus $(1.58) last year.
JJill plans to close about 20 stores in FY21 and expects total capital spend to be $8.0 million.
The company anticipates increased headwinds from supply chain disruption and didn't provide financial guidance at this time.
Price Action: JILL shares are trading lower by 1.14% at $19.05 on the last check Thursday.