Please ensure Javascript is enabled for purposes of website accessibility

Shares of J.Jill Pop 20% After Topping Analysts' Estimates During the First Quarter

By Daniel Miller - May 31, 2018 at 12:07PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Shares of J.Jill are up today after the company posted a solid step forward and topped analysts' estimates during the first quarter.

What happened

Shares of J.Jill, Inc. (JILL -0.63%), an omnichannel premier retailer of women's apparel, are popping 20% higher as of 10:40 a.m. EDT Thursday, after the company announced a strong first quarter.

So what

Total net sales during the first quarter increased 9.3% to $181.5 million, partially driven by a 2.3% increase in comparable sales. Adjusted earnings per share checked in at $0.29, above the prior year's $0.24 per share. Both results topped analysts' estimates calling for $0.19 adjusted earnings per share on revenue of $159.7 million. J.Jill still has a strong e-commerce story with its direct to consumer net sales generating 40.5% of total net sales during the first quarter.

A person holding up a dress in front of a mirror to see if it will fit.

Image source: Getty Images.

"I am excited to have joined J.Jill at an important time in our company's history as we plan our next phase of growth. The first quarter underscores we have work to do and we have indicators of improvement. We experienced positive comps in our retail stores. We also saw improved results from our e-commerce channel. We remain focused on initiatives to improve our overall performance and get us on track to deliver at a consistent level that is expected," said J.Jill CEO Linda Heasley, in a press release.

Now what

While the stock popping 20% Thursday morning is welcomed by investors -- J.Jill's stock has a history of popping and dropping after quarterly results -- there's still work to be done at J.Jill considering the stock is still down 34% over the past 12 months. Further, management expects a slightly slower second quarter due to calendar shifts that pulled some sales from the second quarter into the first quarter. Investors would be wise to keep an eye on comparable store sales; management expects comparable sales to check in flat to a positive low single digit gain.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

J. Jill Stock Quote
J. Jill
JILL
$17.39 (-0.63%) $0.11

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
345%
 
S&P 500 Returns
119%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/16/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.