The chart below shows how JILL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, JILL sees a +1.84% change in stock price 10 days leading up to the earnings, and a -1.83% change 10 days following the report. On the earnings day itself, the stock moves by -0.13%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Strong Gross Margin Performance: The company delivered a healthy gross margin of 71.4% for Q3, reflecting the strength of its operating principles.
Q3 Sales Performance: Total company sales for Q3 were about $151 million, up 0.3% versus Q3 2023, demonstrating resilience in sales performance.
Cash Flow Generation: The company generated about $19 million of cash from operations, resulting in ending cash of about $39 million with zero borrowings against the ABL.
Strong Operational Efficiency: The company reported adjusted EBITDA for the quarter of $26.8 million or 17.7% of sales, indicating strong operational efficiency.
Share Repurchase Program: The Board has authorized a new $25 million share repurchase program, reflecting confidence in the company's future growth.
Negative
Comparable Sales Decline: Total company comparable sales for the third quarter decreased 0.8% compared to a positive 1.9% last year.
Sales Decline Analysis: The decline was driven by an approximate $800,000 negative comp impact from incremental storm activity on store and direct sales in the quarter as well as by softer full-price selling in the direct channel.
Quarterly Comp Performance: Excluding the incremental impact of storms, total company comps were negative 0.3% for the quarter.
Gross Profit Decline: Total company gross profit was about $108 million, down about $600,000 compared to Q3 2023.
Gross Margin Decline: Q3 gross margin was 71.4%, down 60 basis points versus Q3 2023, driven by elevated levels of full-price promotion, additional markdowns and elevated ocean freight costs in the quarter.
J.Jill, Inc. (JILL) Q3 2024 Earnings Call Transcript
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