Excluding the recent optimism in retail stocks following a strong Black Friday, it's been a rough couple of years for most apparel retailers. Don't tell that to J.Jill, Inc. (NYSE: JILL), which just released third-quarter results and fourth-quarter guidance that sent its stock up over 7% as of 10:55 a.m. EST.
Continue Reading Below
Total net sales climbed a modest 1.6% higher, to $162 million, during the third quarter with comparable sales checking in with a 0.6% decline. On the bottom line, J.Jill's adjusted earnings per share checked in at $0.13, which was down from the prior year's result of $0.18 per share. The company's revenue and earnings were a mixed bag depending on which analysts were surveyed; both results surpassed Zacks average estimates, but both fell short of FactSet consensus estimates.
Paula Bennett, President and CEO of J.Jill, Inc. stated, in a press release:
Investors looking for the driving force behind J.Jill's 7% gain today will find it with fourth-quarter guidance. For the fourth quarter, management expects comparable sales to rebound and climb 2% to 4%. This would help push the full-year comparable sales gain to a range of 4% to 5%.
10 stocks we like better than J.Jill, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and J.Jill, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys.
Click here to learn about these picks!
*Stock Advisor returns as of December 4, 2017