Quarterly ResultJun 10, 2026, 06:51 AM
J.Jill Q1 Sales Down 6.0% to $144.4M; Net Income Falls to $4.7M
AI Summary
J.Jill, Inc. announced its first quarter fiscal year 2026 financial results, reporting a 6.0% decrease in net sales to $144.4 million and a comparable sales decline of 8.7%. The company's net income fell to $4.7 million ($0.31 per diluted share) from $11.7 million ($0.76 per diluted share) in the prior year, with Adjusted EBITDA also decreasing to $16.7 million. The results were impacted by increased tariff costs and a decline in gross margin. J.Jill reaffirmed its full-year outlook and provided guidance for the second quarter, expecting continued sales pressure.
Key Highlights
- J.Jill reported Q1 FY26 net sales of $144.4 million, a 6.0% decrease year-over-year.
- Comparable sales decreased by 8.7% in Q1 FY26.
- Gross margin declined to 68.3% from 71.8% in Q1 FY25, impacted by $4.7 million in tariff costs.
- Net income was $4.7 million ($0.31 per diluted share) in Q1 FY26, down from $11.7 million ($0.76 per diluted share) in Q1 FY25.
- Adjusted EBITDA was $16.7 million in Q1 FY26, compared to $27.3 million in Q1 FY25.
- The company repurchased 68,500 shares for $0.8 million in Q1 FY26.
- J.Jill declared a quarterly cash dividend of $0.09 per share, payable on July 8, 2026.
- Q2 FY26 outlook: Net Sales to decline 1-3%, Adjusted EBITDA of $18-20 million.
Price Impact
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