Analyst Predicts Strong Growth for Jill's Due to Improved Assortment and Robust Quarterly Performance.
1mo agoTelsey Advisory
$JILL reports strong financial results for Q4 FY22 and FY22
J. Jill Inc. posts strong Q4 FY22 and FY22 results, with net and comparable sales exceeding expectations; DTC channel sees growth, gross margin at 64% for Q4 and 68% for FY22; operating income up by 3% and 34% for respective periods. The company aims to continue with disciplined inventory and expense management in 2023 while positioning for long-term growth amidst macro-related headwinds. CEO Claire Spofford expresses optimism building on FY22 progress.