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Feb 01, 2025
JJill Q4 2024 Earnings Report
JJill reported a decline in Q4 2024 sales and profitability compared to the prior year, with a focus on operational discipline and new growth initiatives.
Key Takeaways
JJill, Inc. announced Q4 2024 results with net sales of $142.8 million, a decline of 4.9% year-over-year due to calendar shifts and loss from the 53rd week in the previous year. The company achieved a gross profit of $94.8 million and operating income of $5.1 million. Net income was $2.2 million, with diluted EPS of $0.14 and adjusted diluted EPS of $0.32. JJill continues to invest in store growth and system improvements while increasing its quarterly dividend by 14.3%.
Net sales decreased 4.9% YoY to $142.8 million.
Gross margin was 66.3%, down from 67.5% YoY.
Net income was $2.2 million with adjusted diluted EPS of $0.32.
The company opened five new stores in Q4 and increased the quarterly dividend by 14.3%.
Forward Guidance
For fiscal 2025, JJill expects net sales growth of 1%-3%, comparable sales flat to up 2%, adjusted EBITDA in the range of $101 million to $106 million, and plans to open 5 to 10 new stores.
Positive Outlook
- Net sales expected to increase between 1% and 3% for fiscal 2025.
- Comparable sales projected to be flat to up 2%.
- Adjusted EBITDA guidance in the range of $101 million to $106 million.
- Continued store expansion with 5 to 10 new locations planned.
- New omni-channel capabilities and system upgrades to drive growth.
Challenges Ahead
- Difficult Q1 comparison with adverse weather impacts.
- Approximately $1.5 million revenue headwind expected from OMS implementation phase.
- Ongoing price sensitivity among consumers.
- Macroeconomic uncertainty remains a factor.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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