J.Jill Updates Earnings Guidance for the Fourth Quarter Ending February 1, 2019
January 16, 2020 at 09:26 am
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J.Jill updated earnings guidance for the fourth quarter ending February 1, 2019. For the fourth quarter of fiscal 2019, the Company now expects total comparable sales to decrease 6% to 8% with total net sales expected to decrease 3% to 5%. This compares to the previous guidance for total comparable sales to decrease 8% to 10% with total net sales expected to decrease 5% to 7%. The company now expects earnings per share to be a loss of $0.10 to $0.12. This compares to the previous guidance for earnings per share to be a loss of $0.14 to $0.16. Similar to prior guidance, this update for the fourth quarter outlook does not include any costs associated with the CEO transition announced December 5, 2019.
J.Jill, Inc. is a national lifestyle brand, which provides apparel, footwear and accessories. The Companyâs operating segments consist of its retail and direct channels. Its products are marketed under the J.Jill brand name and sold primarily through two channels: its ecommerce platform and catalog (Direct) and its retail stores (Retail). Direct channel consists of its Website and catalog orders. Its Website also provides customers with a range of colors and sizes than available in its stores. In addition to its core assortment, the Company has three sub-brands, Pure Jill, Wearever, and Fit. It also offers accessory collections, such as scarves and jewelry. Wearever is all day refined dressing designed for work, travel, and home. Its products are available across the full range of sizes including regular, petite, and tall, and it provides one, size-integrated shopping destination for customers with sizes from extra small up to 2X in store and 4X online.
J.JILL, INC. 
