JJill Q1 Earnings Top Estimates

  • JJill Inc JILL reported first-quarter FY22 sales growth of 21.7% year-on-year to $157.1 million, beating the consensus of $144.80 million.
  • Total company comparable sales increased by 23.7%. Direct to consumer net sales fell 1.8% Y/Y driven by lower markdown sales.
  • Gross profit grew 24.6% Y/Y to $109.5 million, and the gross margin expanded 170 basis points to 69.7%.
  • The operating margin was 15.2%, and operating income for the quarter jumped 174.7% to $23.9 million.
  • JJill held $40.8 million in cash and equivalents as of April 30, 2022.
  • Adjusted EBITDA for the quarter was $31.3 million versus $16.9 million last year, with the margin expanding from 13.1% to 19.9%.
  • Adjusted EPS of $1.02 beat the consensus of $0.37.
  • Inventory at the end of Q1 increased 6.6% Y/Y to $63.2 million.
  • Outlook: JJill expects Q2 sales growth of 1% - 3% and Adjusted EBITDA of $31 million - $33 million.
  • It sees FY22 capital expenditures of $15 million - $18 million.
  • Price Action: JILL shares are trading higher by 6.10% at $19.13 on the last check Wednesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceMoversTrading IdeasBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!