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- JJill Inc JILL reported fourth-quarter FY22 sales growth of 1.7% year-on-year to $147.65 million, beating the consensus of $143 million.
- Total company comparable sales increased by 5.3%. Direct to consumer net sales fell 2.5% Y/Y.
- Gross profit grew 2.6% Y/Y to $95.1 million, and the gross margin expanded 50 basis points to 64.4%.
- Operating margin was 5.3%, and operating income for the quarter increased 4% to $7.8 million.
- JJill held $87.1 million in cash and equivalents as of Jan. 28, 2023.
- Adjusted EBITDA for the quarter was $15.04 million versus $15.2 million last year.
- Adjusted EPS of $0.11 beat the consensus of $(0.10).
- Inventory at the end of Q4 declined 10% Y/Y to $50.6 million.
- "While we are cautious with respect to our outlook for this year given the ongoing macro-related headwinds, we remain focused on positioning J.Jill for long term profitable growth," said CEO Claire Spofford.
- Outlook: JJill expects Q1 revenue to be down in mid-single-digits and adjusted EBITDA of $25 million - $30 million. It sees FY23 adjusted EBITDA to be flat.
- Price Action: JILL shares are trading higher by 0.93% at $25.90 on the last check Tuesday.
- Photo Via Company
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