J.JILL Reports Second Quarter Earnings Results, Ending July 31 2023
September 3, 2023
🌥️Earnings Overview
J.JILL ($NYSE:JILL) announced their earnings results for the second quarter of FY2024, ending July 31 2023, showing total revenue of USD 155.7 million, a decrease of 2.9% from the prior year quarter. Net income also dropped to USD 15.2 million, a decrease of 14.5% year over year.
Market Price
On Thursday, J.JILL reported its earnings results for the second quarter ending July 31, 2023. The stock opened at $25.0 and closed at $25.1, a rise of 7.3% from the prior closing price of 23.4. This marks a significant increase in shares, helping to boost investor confidence in the company.
Looking ahead, J.JILL remains committed to delivering long-term growth through its customer-first operating model and strategic investments in digital capabilities and omni-channel infrastructure. With its strategic initiatives, the company is confident that it will be able to continue to drive sales and profits in the years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for J.jill. More…
| Total Revenues | Net Income | Net Margin |
| 602.95 | 29.77 | 6.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for J.jill. More…
| Operations | Investing | Financing |
| 74.58 | -20.01 | -67.53 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for J.jill. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 416.76 | 397.65 | 1.81 |
Key Ratios Snapshot
Some of the financial key ratios for J.jill are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.2% | 60.2% | 11.2% |
| FCF Margin | ROE | ROA |
| 9.1% | 375.4% | 10.1% |
Analysis
At GoodWhale, we have had the opportunity to analyze the financials of J.JILL. Through our Star Chart, we have classified this company as a ‘sloth’, indicating that their revenue or earnings growth is slower than that of the overall economy. Considering J.JILL’s financials, it is strong in liquidity, medium in profitability and weak in asset, dividend and growth. Its intermediate health score of 6/10, taking into account its cashflows and debt, means that it should be able to safely ride out any crisis without risking bankruptcy. Given J.JILL’s slow growth rate and moderate financial health, investors seeking short-term gains may not be interested in this company. However, value investors looking for steady returns over a longer period may be drawn to this company. Investors interested in sustainability may also find value in J.JILL’s moderate financial health and slower growth approach, which can provide a more secure long-term investment. More…
Peers
J.Jill Inc. is an American company that operates in the retail industry. The company was founded in 1959 and is headquartered in Quincy, Massachusetts. J.Jill Inc. operates through two segments: Retail and Direct. The Retail segment includes the company’s brick-and-mortar stores and e-commerce website. The Direct segment consists of catalog and internet sales. J.Jill Inc. offers women’s apparel, accessories, and footwear. The company’s competitors include Christopher & Banks Corp, Tokyo Base Co Ltd, C’sMEN Co Ltd.
– Christopher & Banks Corp ($OTCPK:CBKCQ)
Christopher & Banks Corporation is a Minneapolis-based women’s clothing retailer. The company operates in three segments: Stores, eCommerce, and Outlets. As of February 3, 2018, the company operated 540 stores in 44 states. The company offers women’s apparel and accessories, including misses, petites, and women’s sizes. Christopher & Banks was founded in 1956 and is headquartered in Minneapolis, Minnesota.
The company’s market cap is 7.71k as of 2022 and its ROE is 105.02%. The company operates in three segments: Stores, eCommerce, and Outlets. As of February 3, 2018, the company operated 540 stores in 44 states. The company offers women’s apparel and accessories, including misses, petites, and women’s sizes.
– Tokyo Base Co Ltd ($TSE:3415)
Tokyo Base Co Ltd is a leading Japanese company with a market cap of 14.54B as of 2022. The company has a strong Return on Equity of 17.33%. Tokyo Base Co Ltd is known for its quality products and services. The company has a wide range of products and services that it offers to its customers. Tokyo Base Co Ltd is a well-known and respected company in Japan.
– C’sMEN Co Ltd ($TSE:3083)
Sekisui Chemical Co., Ltd. is a Japanese chemical company. It is headquartered in Tokyo and has operations in Japan, Asia, Europe, and the Americas. The company produces plastics, chemicals, and building materials. It is also involved in the real estate business. Sekisui Chemical Co., Ltd. was founded in 1940 and is headquartered in Tokyo, Japan.
Summary
J.JILL reported their second quarter FY2024 earnings, with total revenue of USD 155.7 million and net income of USD 15.2 million, both decreasing year over year. Despite the decrease in financials, the stock price still moved up, indicating that investors have positive outlook for the company’s future prospects. It is essential for investors to perform due diligence when investing in J.JILL, such as researching their financial reports, products, and customer reviews to get an accurate understanding of the company before investing.
