J.Jill's Q2 financials showed resilient comparable sales that slightly exceeded expectations. Profitability beat estimates even though margins came in significantly below the Q2/FY2023 level, mostly due to temporary issues. The market reacted very negatively to J.Jill's slightly lowered FY2024 guidance, which I see as an overreaction amid persisting weak consumer spending. The JILL stock remains undervalued, bringing nearly an 11% cash flow yield in FY2025 with my estimates combined with stable, slow growth going forward.
J.Jill, Inc. (NYSE:JILL ) Q2 2024 Earnings Conference Call September 4, 2024 8:00 AM ET Company Participants Claire Spofford - President & CEO Mark Webb - EVP, CFO & COO Conference Call Participants Ryan Meyers - Lake Street Capital Markets Corey Taylor - Jefferies Dylan Carden - William Blair Dana Telsey - Telsey Group Janine Stichter - BTIG Jonna Kim - TD Cowen Marni Shapiro - The Retail Tracker Operator Thank you for Standing by, and Welcome to the J.Jill Inc's Second Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.
J.Jill (JILL) came out with quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $1.10 per share a year ago.
JILL has been witnessing selling, general and administrative expenses for a while now. It anticipates net sales to remain flat to decline 3% for the second quarter of fiscal 2024.
J.Jill (JILL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Here is how J.Jill (JILL) and El Pollo Loco Holdings (LOCO) have performed compared to their sector so far this year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
J.Jill (JILL) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
J.Jill (JILL) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
This women's apparel retailer is near 5-year highs.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.