J.Jill, Inc. Provides Fourth Quarter 2021 Update
10 Janeiro 2022 - 8:45AM
Business Wire
J.Jill, Inc. (NYSE:JILL) today announced updated expectations
for the Company’s fourth quarter of fiscal 2021 financial
performance in advance of management’s meetings with analysts and
investors as part of the virtual ICR Conference.
For the fourth quarter of fiscal 2021 ending January 29, 2022,
the Company expects total net sales to increase 12% to 13% compared
to the fourth quarter of fiscal 2020. The Company also expects
Adjusted EBITDA* to be in the range of $11 million to $13 million
compared to a loss of $3.8 million in the fourth quarter of fiscal
2020. The expected strong increase in Adjusted EBITDA* is driven by
gross margin expansion and disciplined expense management.
About J.Jill, Inc.
J.Jill is a premier omnichannel retailer and nationally
recognized women’s apparel brand committed to delighting customers
with great wear-now product. The brand represents an easy,
thoughtful and inspired style that reflects the confidence of
remarkable women who live life with joy, passion and purpose.
J.Jill offers a guiding customer experience through 260 stores
nationwide and a robust e-commerce platform. J.Jill is
headquartered outside Boston. For more information, please visit
www.jjill.com or http://investors.jjill.com. The information
included on our websites is not incorporated by reference
herein.
Non-GAAP Financial Measures
*The Company has not provided a reconciliation of Adjusted
EBITDA outlook for the fourth quarter of fiscal 2021 to GAAP net
income, the most directly comparable GAAP financial measure due to
the inherent difficulty, without unreasonable efforts, to predict
with reasonable certainty the amount or timing of non-GAAP
adjustments that are used to calculate Adjusted EBITDA, including
but not limited to: (a) tax-related items, (b) lease expenses for
retail stores given ongoing negotiations, and (c) other
non-recurring items not indicative of ongoing operating
performance. These adjustments are uncertain, depend on various
factors that are beyond our control and could have a material
impact on net income for the fourth quarter of fiscal 2021.
To supplement our unaudited consolidated financial statements
presented in accordance with generally accepted accounting
principles (“GAAP”), we use the following non-GAAP measures of
financial performance:
- Adjusted EBITDA, which represents net income (loss) plus
interest expense, provision (benefit) for income taxes,
depreciation and amortization, equity-based compensation expense,
impairments of goodwill, intangible assets and other long-lived
assets, fair value adjustments of warrants and derivatives and
other non-recurring expenses and one-time items. We present
Adjusted EBITDA on a consolidated basis because management uses it
as a supplemental measure in assessing our operating performance,
and we believe that it is helpful to investors, securities analysts
and other interested parties as a measure of our comparative
operating performance from period to period. We also use Adjusted
EBITDA as one of the primary methods for planning and forecasting
overall expected performance of our business and for evaluating on
a quarterly and annual basis actual results against such
expectations. Further, we recognize Adjusted EBITDA as a commonly
used measure in determining business value and as such, use it
internally to report results.
While we believe that Adjusted EBITDA is useful in evaluating
our business, it is a non-GAAP financial measure that has
limitations as an analytical tool. Adjusted EBITDA should not be
considered an alternative to, or substitute for, net income (loss)
or EPS, which are calculated in accordance with GAAP. In addition,
other companies, including companies in our industry, may calculate
Adjusted EBITDA differently or not at all, which reduces the
usefulness of such non-GAAP financial measures as a tool for
comparison.
Forward-Looking Statements
This press release contains, and oral statements made from time
to time by our representatives may contain, “forward-looking
statements.” Forward-looking statements include statements
regarding the Company’s expectations of fourth quarter results and
other statements identified by words such as “could,” “may,”
“might,” “will,” “likely,” “anticipates,” “intends,” “plans,”
“seeks,” “believes,” “estimates,” “expects,” “continues,”
“projects” and similar references to future periods, or by the
inclusion of forecasts or projections. Forward-looking statements
are based on our current expectations and assumptions regarding
capital market conditions, our business, the economy and other
future conditions. Because forward-looking statements relate to the
future, by their nature, they are subject to inherent
uncertainties, risks and changes in circumstances that are
difficult to predict. As a result, our actual results may differ
materially from those contemplated by the forward-looking
statements. Important factors that could cause actual results to
differ materially from those in the forward-looking statements
include, but are not limited to, regional, national or global
political, economic, business, competitive, market and regulatory
conditions, including risks regarding our ability to manage
inventory or anticipate consumer demand; changes in consumer
confidence and spending; our competitive environment; our failure
to open new profitable stores or successfully enter new markets;
the impact of the COVID-19 epidemic on the Company and the economy
as a whole; post-pandemic changes in customer behavior and the
timeline of economic recovery; the Company’s ability to take
actions that are sufficient to eliminate the substantial doubt
about its ability to continue as a going concern; the Company’s
ability to regain compliance with the continued listing criteria of
the NYSE; the Company’s ability to execute its plan to regain
compliance with the continued listing criteria of the NYSE and to
continue to comply with applicable listing standards within the
available cure period; risks arising from the potential suspension
of trading of the Company’s common stock on the NYSE; and other
factors set forth under “Risk Factors” in our Annual Report on Form
10-K for the fiscal year ended January 31, 2021. Any
forward-looking statement made in this press release speaks only as
of the date on which it is made. J.Jill undertakes no obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future developments or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220110005325/en/
Investor Relations: Caitlin Churchill ICR, Inc.
investors@jjill.com 203-682-8200
Business and Financial Media: Ariel Kouvaras Sloane &
Company akouvaras@sloanepr.com 973-897-6241
Brand Media: Chris Gayton J.Jill, Inc. media@jjill.com
617-689-7916
J Jill (NYSE:JILL)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
J Jill (NYSE:JILL)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024