J. Jill Inc (NYSE:JILL) reported better-than-expected earnings and sales results for the second quarter on Wednesday, but lowered 2024 forecast.
The company posted 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 91 cents.
"While we have seen changes in consumer behavior during the summer months which has extended into the start of the third quarter and reflected in our updated guidance, we ...
