J. Jill Inc (NYSE:JILL) reported a second-quarter sales decline of 0.9% year-over-year to $155.24 million, beating the analyst consensus estimate of $154.23 million.
Total company comparable sales increased by 1.7%. Direct-to-consumer net sales climbed 3.6% Y/Y, constituting 47.1% of total sales. Adjusted EPS of $1.05 beat the consensus of $0.91.
Gross profit fell 2.7% year over year to $109.39 million, and the gross margin contracted 120 bps to 70.5%. Operating margin contracted 307 bps to 14.8%, and operating income for the quarter declined 17.9% to $23.022 million.
As of August 3, 2024, J.Jill held $28.47 million in cash and equivalents. ...
