J.Jill (JILL) Reports Q3 EPS of $0.65; Comps Rise 42.2%

J.Jill (NYSE: JILL) reported Q3 EPS of $0.65, versus ($1.18) reported last year. Revenue for the quarter came in at $151.7 million versus the consensus estimate of $117.22 million.

Total company comparable sales, which includes comparable store and direct to consumer sales, increased by 42.2%.

Claire Spofford, President and Chief Executive Officer of J.Jill, Inc. stated, “We are pleased with our third quarter performance and are encouraged by the ongoing customer response to our product at full price. These results reflect our continued recovery as we’ve made progress implementing our strategic initiatives resulting in healthy gross margin expansion and significant year-over-year improvement in Adjusted EBITDA. Our focus on full price selling, improved inventory management, and the frequent flow of inspired products has further strengthened our operating model.”

Ms. Spofford continued, “Entering the holiday season, we are well-positioned to delight our customers with the newness and novelty that she has responded to throughout this year. Our teams have worked hard to manage the supply chain so that we have the right inventory levels for the holiday season and through the fourth quarter. We are pleased with our progress as we continue to position J.Jill for long term sustainable growth that will create value for investors.”

For earnings history and earnings-related data on J.Jill (JILL) click here.

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