J. Jill (JILL) issues downside Q3 guidance

** charts after guidance **

J. Jill issues downside Q3 guidance citing lower than expected sales trend across both our retail and direct channels

• Co issues downside guidance for Q3 (Oct), sees EPS of $0.08 to $0.10, excluding non-recurring items, vs. $0.19 Capital IQ Consensus Estimate.  Adjusted diluted earnings per share excludes approximately $0.6 million of non-recurring expenses associated with the company's transition to a public company.
• For the third quarter 2017, the company now expects total company comparable sales of -3% to -5%, with a moderate decline in gross margin as compared to last year. 

J. Jill (JILL) reported earnings on Tue 29 Aug 2017 (b/o)

** charts after earnings **

 

J. Jill reports EPS in-line, beats on revs; guides Q3 EPS in-line; raises FY18 EPS guidance and reaffirms FY18 comp guidance; Q2 comps +7.8%

• Reports Q2 (Jul) earnings of $0.29 per share, excluding non-recurring items, in-line with the Capital IQ Consensus of $0.29; revenues rose 9.9% year/year to $181.4 mln vs the $179.02 mln Capital IQ Consensus. Total company comparable sales, which includes comparable store sales and direct to consumer comparable sales, increased by 7.8%. Gross profit increased to $122.6 million from $112.9 million in the second quarter of fiscal 2016. As a percentage of total net sales, gross profit was 67.6% compared to a record second quarter gross profit of 68.4% in fiscal 2016.
• Co issues in-line guidance for Q3, sees EPS of $0.18-0.20, excluding non-recurring items, vs. $0.19 Capital IQ Consensus Estimate. Co sees Q3 comps to increase in the high single digits.
• Co issues raised guidancefor FY18, sees EPS of $0.81-0.85 from $0.80-0.84, excluding non-recurring items, vs. $0.84 Capital IQ Consensus Estimate. In FY18, co expects total comparable sales to increase in the high single digits. The 53rd week of fiscal 2017, which is not included in the 52-week basis outlook given above, is expected to contribute an additional $9.0 million in sales and approximately $0.01 of earnings per share. 

J. Jill (JILL) reported earnings on Wed 31 May 2017 (b/o)

** charts before earnings **

  

** charts after earnings **

• one week later:

J. Jill beats by $0.06, beats on revs; guides Q2 EPS above consensus; guides FY18 EPS midpoint above consensus; Q1 comps +9.9%  :

• Reports Q1 (Apr) earnings of $0.24 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of $0.18; revenues rose 12.5% year/year to $166.1 mln vs the $162.11 mln Capital IQ Consensus.
• Total company comparable sales, which includes comparable store sales and direct to consumer comparable sales, increased by 9.9%.
• Gross profit increased to $115.6 million from $101.5 million in the first quarter of fiscal 2016. As a percentage of total net sales, gross profit was 69.6% compared to 68.7% in the first quarter of fiscal 2016.
•  Co issues upside guidance for Q2, sees EPS of $0.27-0.29, excluding non-recurring items, vs. $0.27 Capital IQ Consensus Estimate. For Q2, co expects total comparable sales to increase in the high single digits.
• Co issues upside guidance for FY18, sees EPS of $0.80-0.84 vs. $0.79 Capital IQ Consensus Estimate. For FY17, co expects total comparable sales to increase in the high single digits.

JILL : 2-month performance

JILL : 1-month performance

J. Jill (JILL) began trading on the NYSE on 9 March 2017

• 11.67 million shares of JILL, priced at $13 per share, opened trading on the New York Stock Exchange at its launch, which was below the expected range of $14 to $16 per share. 
• The retailer is receiving no proceeds from its IPO since its owner, private-equity firm TowerBrook, is unloading shares during the offering but will keep over 50% of J. Jill’s common stock. 
• This is not J. Jill’s first IPO. It originally went public back in 1993, and was acquired by Talbot’s for $157 million in 2006 after they beat out Liz Claiborne in a bidding war. Talbot’s then sold J. Jill to private-equity firm Golden Gate Capital for just $75 million only three years later, and was sold again to TowerBrook in 2015 for a reported $400 million.
• J. Jill is a women’s apparel brand that has been around since 1959; its core customer base are affluent women between the ages of 40 and 65, and it has a heavy reliance on catalog and online sales. 

• One week later