Services stock Review Report: J.Jill, Inc. (NYSE: JILL)

Shares of J.Jill, Inc. (NYSE: JILL) closed the trading at a price of $6.04 with the positive change of +1.17%. In the past session approximately 316,362 shares were exchanged against the average daily trading volume of 472,587 shares. The stock touched to the maximum level of $6.08, and it reached the lower level of $5.94 in past session. The stock’s market capitalization has now valued at $264.214M. The stock’s low price in its 52 week is $4.17 per share while $12.21 as the 52 week high price. The last bid price was called at $0.00 x 2900 and the ask price was stated at $6.21 x 4000.

J.Jill, Inc. (NYSE: JILL) reported financial results for the second quarter ended August 4, 2018.

For the second quarter ended August 4, 2018:

Total net sales for the thirteen weeks ended August 4, 2018 were $179.7M versus $181.4M for the thirteen weeks ended July 29, 2017. The 0.9% decrease in total net sales versus the previous year was driven by the calendar shift created by the fifty-third week in fiscal 2017.

Total company comparable sales, which includes comparable store and direct to consumer sales, increased by 2.2%.

Direct to consumer net sales represented 40.9% of total net sales, contrast to 43.1% in the second quarter of fiscal 2017.

Gross profit reduced to $116.7M from $122.6M in the second quarter of fiscal 2017. Gross margin was 64.9% contrast to second quarter gross margin of 67.6% in fiscal 2017.

SG&A was $97.4M contrast to $97.0M in the second quarter of fiscal 2017. Second quarter 2017 SG&A included $0.7M of non-recurring expenses related to the Company’s transition to a public company. Not Including these one-time expenses from last year’s figures, SG&A as a percentage of total net sales was 54.2% contrast to 53.1% in the second quarter of fiscal 2017, with the increase versus the previousyear on a percentage basis driven by the calendar shift created by the fifty-third week in fiscal 2017.

Income from operations, inclusive of non-recurring SG&A expenses, reduced to $19.3M from $25.6M in the second quarter of fiscal 2017.

Adjusted EBITDA* for the second quarter of fiscal 2018 reduced by 17.0% to $29.3M from $35.3M in the second quarter of fiscal 2017. As a percentage of total net sales, Adjusted EBITDA was 16.3% contrast to 19.4% in the second quarter of fiscal 2017.

Interest expense reduced to $4.9M from $5.1M, including $0.6M of accelerated deferred financing amortization Because of the voluntary principal pre-payment of $20.0M dollars on the term loan in the second quarter of fiscal 2017.

Income tax expense was $4.0M contrast to $8.6M in the second quarter of fiscal 2017, and the effective tax rate was 27.4% contrast to 41.6% in the second quarter of 2017.

Diluted earnings per share was $0.23 contrast to $0.28 in the second quarter of fiscal 2017, which included the impact of non-recurring expenses. Second quarter fiscal 2018 diluted earnings per share was negatively influenced by about $0.03 per share Because of the calendar shift created by the fifty-third week in fiscal 2017, and included a $0.04 benefit from the lower tax rate in fiscal 2018.

Adjusted diluted earnings per share* for the second quarter of fiscal 2018, which was negatively influenced by the calendar shift described above, was $0.24 contrast to $0.29 in the second quarter of fiscal 2017. Adjusted diluted earnings per share uses 26% and 40% tax rate assumptions in fiscal 2018 and 2017 respectively. The lower tax rate assumption in 2018, resulting from the U.S. Tax Cuts and Jobs Act enacted in December 2017, results in a benefit of $0.05 in the second quarter of fiscal 2018.

J.Jill, Inc.’s (JILL) return on equity (ROE) was noted as 33.40% while return on investment (ROI) was 12.00%. The stock’s institutional ownership stands at 82.20%.

JILL Stock debt to equity ratio was 1.26 while current ratio was 1.50. The company has the institutional ownership of 82.20%

 

Timothy Secombe- Services Sector News

My name is Timothy Secombe and I am energetic about Services Sector updates and finance news with more than 6 years in the industry, beginning my venture as an author and later on climbing my way up into senior positions. I am the main stimulus behind Getnewsalert.com started off with a dream to expand the organization’s reach out on a global scale. I am an editor and contributor of the Services segment. I undergo critical analysis of corporations and extract the most significant information for our rich investor network.

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