J.Jill plunges on lower Q1 profit, revenue

JJill

07/06/2023 15:03

** Shares of apparel retailer J.Jill Inc  JILL.N  down 7.4%
at $22 
    ** Records lower Q1 EPS of $0.32 vs. $1.02 a year ago
 urn:newsml:reuters.com:*:nL8N37Z2EV 
    ** Posts Q1 net sales of $149.4 mln, down from $157.1 mln
reported last year 
    ** Co says its customer has become increasingly discerning
with spending decisions in light of the evolving macro
environment
    ** For the second quarter, expects revenues to be down
mid-single digits; sees adj EBITDA to be in range of $26 mln to
$31 mln 
    ** Also sees 2023 annual adjusted EBITDA dollars to be down
mid-single digits vs. previous forecast of annual adj EBITDA
dollars to be about flat
    ** Including session losses, stock has fallen ~11% YTD 

 (Reporting by Amna Karimi in Bengaluru)
 ((Amna.Karimi@thomsonreuters.com; +91 8083261226;))