J.JILL Reports Second Quarter FY2024 Financial Results on July 31, 2023
September 7, 2023
🌥️Earnings Overview
J.JILL ($NYSE:JILL) reported that on July 31 2023, their financial results for the second quarter of FY2024, ending on August 31 2023, showed total revenue of USD 155.7 million, a decrease of 2.9% year over year. Additionally, net income for the quarter decreased by 14.5% compared to the same period the previous year, totaling USD 15.2 million.
Market Price
The company’s stock opened at $25.0 and closed at $25.1, a 7.3% rise from the previous closing price of $23.4. The positive news from J.JILL‘s second quarter report has been well received by investors, with the company’s stock continuing to rise above its opening price throughout the day. This marks a significant milestone for the retailer, as it is indicative of a continuing trend of renewed investor confidence in the company’s future prospects.
J.JILL has continued to focus on revamping its business model to be more competitive in the fast-changing retail industry, which has driven their strong financial performance throughout the quarter. With these latest results, J.JILL is poised to maintain its positive momentum in the upcoming quarters, setting up a potential for sustained growth in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for J.jill. J.JILL_Reports_Second_Quarter_FY2024_Financial_Results_on_July_31_2023″>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. J.JILL_Reports_Second_Quarter_FY2024_Financial_Results_on_July_31_2023″>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. J.JILL_Reports_Second_Quarter_FY2024_Financial_Results_on_July_31_2023″>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. J.JILL_Reports_Second_Quarter_FY2024_Financial_Results_on_July_31_2023″>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’ve conducted a thorough analysis of J.JILL‘s fundamentals. Based on our Risk Rating assessment, J.JILL is a medium risk investment in terms of both financial and business aspects. During our review of J.JILL’s income sheet and balance sheet, we identified two risk warnings. If you’d like to learn more about these potential risks, be sure to register with us. Don’t hesitate to contact us with any questions you may have. We’re here to help you make informed decisions about your investments. 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 financial results for the second quarter of FY2024, ending on August 31 2023. Revenue for the quarter came in at USD 155.7 million, representing a decrease of 2.9% year-on-year. Net income for the quarter stood at USD 15.2 million, falling by 14.5% year-on-year. Despite the lower financial results, J.JILL’s stock prices rose on the same day.
From an investing perspective, investors may take this as an indication of strong fundamentals and future potential despite current market conditions. Overall, J.JILL is a stock worth considering for those looking to diversify their portfolio with companies in the retail sector.
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