JJillNYSE: JILL

J.Jill's 2Q24 results show a slight revenue growth on a comparable basis, but traffic trends in July and August raised concerns, leading to reduced guidance. The company's capital structure is less leveraged due to issuing 1 million shares, but high leverage rates and questionable capital allocation remain issues. Despite a fair current yield of 12-14%, I maintain a Hold rating due to decreased revenue guidance, high leverage, and unsatisfactory management policies.

J. Jill Inc JILL reported better-than-expected earnings and sales results for the second quarter on Wednesday, but lowered 2024 forecast.

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 (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.

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.

U.S. stocks traded mixed toward the end of trading, with the S&P 500 edging higher on Thursday.

J.Jill (JILL) first-quarter 2024 results reflect careful planning, disciplined inventory management and a focus on full-price selling.