J Jill Inc (JILL)

J.Jill Shares Slide Despite First-Quarter Earnings Beat and Maintained Outlook (JILL)June 10, 2026 8:43 AM
IH Market News Results Top Expectations as Revenue Edges Ahead of Forecasts J.Jill, Inc. (NYSE:JILL) reported fiscal first-quarter 2026 results that exceeded Wall Street estimates, although investors focused on ongoing sales declines and tariff-related pressures, sending the retailer’s shares down 6.5% in premarket trading. Adjusted earnings per share came in at $0.45, surpassing analyst expectations of $0.42 by $0.03. Revenue totaled $144.4 million, slightly above the consensus forecast of $144.31 million. Despite the earnings beat, sales declined 6.0% from $153.6 million in the same period last year, reflecting a challenging consumer environment. Tariff Costs and Lower Comparable Sales Weigh on Performance The women’s apparel retailer said first-quarter results were affected by approximately $4.7 million in additional tariff-related expenses. Comparable sales fell 8.7% during the quarter, highlighting continued pressure on customer demand. Management nevertheless pointed to encouraging signs that recent initiatives are beginning to gain traction. “We delivered first quarter results in line with our expectations and are encouraged by early indicators that our strategy is gaining traction,” said Mary Ellen Coyne, President and Chief Executive Officer. Second-Quarter Outlook Reflects Ongoing Challenges For the second quarter, J.Jill expects revenue to decline between 1% and 3% compared with the corresponding period in fiscal 2025. The company forecast adjusted EBITDA in a range of $18 million to $20 million. Management also expects gross margin to contract by approximately 100 basis points during the quarter, incorporating an estimated $4 million impact from tariffs. Full-Year Guidance Remains Intact Despite the softer sales environment, J.Jill reaffirmed its fiscal 2026 outlook. The company continues to expect full-year revenue to range from flat to down 2% versus fiscal 2025, while adjusted EBITDA is projected to be between $70 million and $75 million. The forecast assumes tariff rates averaging approximately 15% during the second half of the fiscal year. By maintaining its guidance, management signalled confidence in its ability to navigate the current operating environment despite ongoing macroeconomic and trade-related headwinds. Store Footprint and Liquidity Remain Stable J.Jill ended the quarter with 255 stores across its retail network and reported a cash balance of $36.3 million. The company continues to focus on balancing inventory management, margin protection and customer engagement initiatives as it works to improve sales trends and profitability. More about J.Jill J.Jill, Inc. is a U.S. women’s apparel retailer offering clothing, footwear and accessories designed for women aged 40 and older. The company operates through a combination of retail stores, e-commerce and catalogue channels, focusing on premium casual apparel and lifestyle products across the United States. J.Jill stock price Original: J.Jill Shares Slide Despite First-Quarter Earnings Beat and Maintained Outlook (JILL)

J.Jill, Inc. Announces First Quarter 2026 ResultsJune 10, 2026 6:45 AM
Business Wire Provides Q2 FY26 Outlook Reaffirms Full Year FY26 Sales and Adjusted EBITDA* Outlook J.Jill, Inc. (NYSE:JILL) ("J.Jill" or the "Company") today announced financial results for the first quarter of fiscal year 2026. Mary Ellen Coyne, President and Chief Executive Officer of J.Jill, Inc. stated, “We delivered first quarter results in line with our expectations and are encouraged by early indicators that our strategy is gaining traction. We are balancing speed with careful deliberation as we evolve – making the best decisions for our business and our customers. I am confident in our ability to drive gradual, sequential improvement and position J.Jill for sustainable growth.” For the first quarter ended May 2, 2026: Net sales for the first quarter of fiscal 2026 decreased 6.0% to $144.4 million compared to $153.6 million for the first quarter of fiscal 2025. Total company comparable sales, which includes comparable store and direct to consumer sales, decreased by 8.7% for the first quarter of fiscal 2026. Direct to consumer net sales, which represented 45.6% of net sales, were down 8.3% compared to the first quarter of fiscal 2025. Gross profit was $98.7 million compared to $110.4 million in the first quarter of fiscal 2025. Gross margin was 68.3% compared to 71.8% in the first quarter of fiscal 2025. The Company incurred approximately $4.7 million of incremental net tariff costs in the first quarter of fiscal 2026 compared to the first quarter of fiscal 2025. SG&A was $89.7 million compared to $91.1 million in the first quarter of fiscal 2025. SG&A as a percentage of total net sales was 62.1% compared to 59.3% in the first quarter of fiscal 2025. Operating income was $8.8 million compared to $19.1 million in the first quarter of fiscal 2025. Operating income margin for the first quarter of fiscal 2026 was 6.1% compared to 12.4% in the first quarter of fiscal 2025. Adjusted Income from Operations* was $10.9 million compared to $21.5 million in the first quarter of fiscal 2025. Interest expense was $1.9 million compared to $2.8 million in the first quarter of fiscal 2025. Interest income was $0.3 million in the first quarter of fiscal 2026 compared to $0.4 million in the first quarter of fiscal 2025. During the first quarter of fiscal 2026, the Company recorded an income tax provision of $2.5 million compared to $5.0 million in the first quarter of fiscal 2025 and the effective tax rate was 35.2% compared to 29.8% in the first quarter of fiscal 2025. Net Income was $4.7 million compared to $11.7 million in the first quarter of fiscal 2025. Net Income per Diluted Share was $0.31 for the first quarter of fiscal 2026 compared to $0.76 in the first quarter of fiscal 2025. Adjusted Net Income per Diluted Share* in the first quarter of fiscal 2026 was $0.45 compared to $0.88 in the first quarter of fiscal 2025. Adjusted EBITDA* for the first quarter of fiscal 2026 was $16.7 million compared to $27.3 million in the first quarter of fiscal 2025. Adjusted EBITDA margin* for the first quarter of fiscal 2026 was 11.6% compared to 17.8% in the first quarter of fiscal 2025. The Company opened one store and closed two stores in the first quarter of fiscal 2026. The store count at the end of the quarter is 255 stores compared to 249 stores at the end of the first quarter of fiscal 2025. Balance Sheet and Cash Flow Highlights Inventory at the end of the first quarter of fiscal 2026 was $63.9 million compared to $60.6 million at the end of the first quarter of fiscal 2025. The inventory balance at the end of the first quarter of fiscal 2026 included approximately $5.5 million of net tariff costs. Net Cash provided by Operating Activities for the thirteen weeks ended May 2, 2026, was $1.7 million compared to $5.3 million for the thirteen weeks ended May 3, 2025. Free Cash Flow* was an outflow of $1.1 million compared to an inflow of $2.6 million for the thirteen weeks ended May 3, 2025. The Company ended the first quarter of fiscal 2026 with a cash balance of $36.3 million. *Non-GAAP financial measures. Please see “Non-GAAP Financial Measures” and “Reconciliation of GAAP Net Income to Adjusted EBITDA,” “Reconciliation of GAAP Operating Income to Adjusted Income from Operations,” “Reconciliation of GAAP Net Income to Adjusted Net Income,” and “Reconciliation of GAAP Cash from Operations to Free Cash Flow” for more information. Share Repurchase Authorization In the first quarter of fiscal 2026, the Company purchased 68,500 shares of common stock at an average price per share of $11.55, for a total cost of approximately $0.8 million. As of May 2, 2026, the Company had $13.3 million remaining under the currently authorized $25.0 million share repurchase program, which expires on December 6, 2026. The share repurchase program is expected to be funded through the Company’s existing cash and future free cash flow. The timing of any repurchases and the number of shares repurchased are subject to the discretion of the Company and may be affected by various factors, including general market and economic conditions, the market price of the Company’s common stock, the Company’s earnings, financial condition, capital requirements and levels of indebtedness, legal requirements, and other factors that management may deem relevant. The share repurchase program authorization does not obligate the Company to acquire any shares of its common stock and may be amended, suspended or discontinued at any time. Shares may be repurchased from time to time through open market transactions, block trades, privately negotiated purchase transactions or other purchase techniques and may include purchases effected pursuant to one or more trading plans established pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934. Quarterly Dividend Payment On March 31, 2026 the Board declared a quarterly cash dividend of $0.09 per share, payable on April 28, 2026 to stockholders of record of issued and outstanding shares of the Company’s common stock as of April 14, 2026. Following the end of the first quarter of fiscal 2026, on June 3, 2026, the Board declared a cash dividend of $0.09 per share, payable on July 8, 2026 to stockholders of record of issued and outstanding shares of the Company’s common stock as of June 24, 2026. Outlook The following outlook assumes an average 20% reciprocal tariff rate on applicable inventory received prior to February 28, 2026, an average 10% tariff rate on applicable inventory received after February 28, 2026 through the second quarter of Fiscal 2026, and an average 15% tariff rate thereafter. The Company’s outlook does not assume any tariff refund benefit given ongoing uncertainties related to the timing and ultimate amount of full reimbursement. In addition, the Company's outlook assumes a second half unit inventory purchases positioned down in the mid-single digit percentage range compared to Fiscal 2025. For the second quarter of fiscal 2026, the Company expects the following: Net Sales to decline 1% to 3% compared to fiscal 2025 Comparable Sales to decline 2% to 4% compared to fiscal 2025 Gross margin to decline approximately 100 basis points compared to fiscal 2025 incorporating approximately $4 million of net cost impact from tariffs Adjusted EBITDA of $18 million to $20 million For the full year of fiscal 2026, the Company reaffirms its outlook for Net Sales, Comparable Sales, Gross Margin, Adjusted EBITDA, and Free cash flow, while updating its expectations for total capital expenditures and net new store growth. The Company expects the following: Net Sales are still expected to be flat to down 2% compared to fiscal 2025 Comparable Sales are still expected to decline 1% to 3% compared to fiscal 2025 Gross margin is still expected to decline approximately 50 basis points compared to fiscal 2025 incorporating approximately $14.5 million of net-cost impact from tariffs Adjusted EBITDA is still expected to be $70 million to $75 million Free cash flow is still expected to be $20 million Total capital expenditures of approximately $20 million to $25 million Net new store growth of approximately 1 to 5 new stores Conference Call Information A conference call to discuss first quarter 2026 results is scheduled for today, June 10, 2026, at 8:00 a.m. Eastern Time. Those interested in participating in the call are invited to dial (888) 596-4144 or (646) 968-2525 if calling internationally. Please dial in approximately 10 minutes prior to the start of the call and reference Conference ID 7311773 when prompted. A live audio webcast of the conference call will be available online at http://investors.jjill.com/Investors-Relations/News-Events/events. A taped replay of the conference call will be available approximately two hours following the call and can be accessed both online and by dialing (800) 770-2030 or (609) 800-9909. The pin number to access the telephone replay is 7311773. The telephone replay will be available until June 17, 2026. About J.Jill, Inc. J.Jill is a national lifestyle brand that provides apparel, footwear and accessories designed to help its customers move through a full life with ease. The brand represents an easy, thoughtful and inspired style that celebrates the totality of all women and designs its products with its core brand ethos in mind: keep it simple and make it matter. J.Jill offers a high touch customer experience through about 250 stores nationwide and a robust ecommerce platform. J.Jill is headquartered outside Boston. For more information, please visit www.jjill.com or http://investors.jjill.com. The information included on our websites is not incorporated by reference herein. Non-GAAP Financial Measures To supplement our unaudited condensed consolidated financial statements presented in accordance with generally accepted accounting principles (“GAAP”), we use the following non-GAAP measures of financial performance: Adjusted EBITDA, which represents net income plus (less) depreciation and amortization, income tax provision, interest expense, interest income, equity-based compensation expense, write-off of property and equipment, amortization of cloud-based software implementation costs, adjustment for exited retail stores, impairment of long-lived assets, and other non-recurring items, primarily consisting of non-ordinary course professional fees, non-employee share-based payments, CEO transition costs, severance expense, and legal settlements and fees associated with certain non-recurring transactions and events. We present Adjusted EBITDA on a consolidated basis because management uses it as a supplemental measure in assessing our operating performance, and we believe that it is helpful to investors, securities analysts and other interested parties as a measure of our comparative operating performance from period to period. We also use Adjusted EBITDA as one of the primary methods for planning and forecasting overall expected performance of our business and for evaluating on a quarterly and annual basis actual results against such expectations. Further, we recognize Adjusted EBITDA as a commonly used measure in determining business value and as such, use it internally to report results. We also use Adjusted EBITDA margin which represents, for any period, Adjusted EBITDA as a percentage of net sales. Adjusted Income from Operations, which represents operating income plus (less) equity-based compensation expense, write-off of property and equipment, adjustment for exited retail stores, impairment of long-lived assets, and other non-recurring items. We present Adjusted Income from Operations because management uses it as a supplemental measure in assessing our operating performance, and we believe that it is helpful to investors, securities analysts, and other interested parties as a measure of our comparative operating performance from period to period. Adjusted Net Income, which represents net income plus income tax provision, equity-based compensation expense, write-off of property and equipment, adjustment for exited retail stores, impairment of long-lived assets, and other non-recurring items. We present Adjusted Net Income because management uses it as a supplemental measure in assessing our operating performance, and we believe that it is helpful to investors, securities analysts and other interested parties as a measure of our comparative operating performance from period to period. Adjusted Net Income per Diluted Share represents Adjusted Net Income divided by the number of fully diluted shares outstanding. Adjusted Net Income per Diluted Share is presented as a supplemental measure in assessing our operating performance, and we believe that it is helpful to investors, securities analysts and other interested parties as a measure of our comparative operating performance from period to period. Free Cash Flow represents cash flow from operations less capital expenditures. Free Cash Flow is presented as a supplemental measure in assessing our liquidity, and we believe that it is helpful to investors, securities analysts and other interested parties as a measure of our comparative liquidity and operating performance from period to period. While we believe that Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Income from Operations, Adjusted Net Income, Adjusted Diluted EPS and Free Cash Flow are useful in evaluating our business, they are non-GAAP financial measures that have limitations as analytical tools. These non-GAAP measures should not be considered alternatives to, or substitutes for, Net Income, Income from Operations, Net Income per Diluted Share or Cash from Operations, which are calculated in accordance with GAAP. In addition, other companies, including companies in our industry, may calculate these non-GAAP measures differently or not at all, which reduces the usefulness of such non-GAAP financial measures as tools for comparison. We recommend that you review the reconciliation and calculation of Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Income from Operations, Adjusted Net Income, Adjusted Diluted EPS and Free Cash Flow to Net Income, Income from Operations, Net Income per Diluted Share and Cash from Operations, respectively, the most directly comparable GAAP financial measures, under “Reconciliation of GAAP Net Income to Adjusted EBITDA”, “Reconciliation of GAAP Operating Income to Adjusted Income from Operations”, “Reconciliation of GAAP Net Income to Adjusted Net Income” and “Reconciliation of GAAP Cash from Operations to Free Cash Flow” and not rely solely on Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Income from Operations, Adjusted Net Income, Adjusted Net Income per Diluted Share, Free Cash Flow or any single financial measure to evaluate our business. Forward-Looking Statements This press release contains, and oral statements made from time to time by our representatives may contain, “forward-looking statements.” All statements other than statements of historical facts contained in this press release, including statements regarding our strategy, future operations, future financial position, future revenue, projected costs, prospects, plans, objectives of management, expected market growth and any activities, events or developments that we intend, expect or believe may occur in the future are forward-looking statements. Such statements are often identified by words such as “could,” “may,” “might,” “will,” “likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “ongoing,” “remain,” “projects,” “goal,” “target” (although not all forward-looking statements contain these identifying words) and similar references to future periods, or by the inclusion of forecasts or projections. Forward-looking statements are based on our current expectations and assumptions regarding capital market conditions, our business, the economy and other future conditions and are not guarantees of future performance. Because forward-looking statements relate to the future, by their nature, they are inherently subject to a number of risks, uncertainties, potentially inaccurate assumptions and changes in circumstances that are difficult to predict. As a result, our actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in any forward-looking statements include regional, national or global political, economic, business, competitive, market and regulatory conditions, including risks regarding: (1) our sensitivity to changes in economic conditions and discretionary consumer spending; (2) the material adverse impact of pandemics, other health crises or natural disasters on our operations, business and financial results; (3) our ability to anticipate and respond to changing customer preferences, shifts in fashion and industry trends in a timely manner; (4) our ability to maintain our brand image, engage new and existing customers and gain market share; (5) the impact of operating in a highly competitive industry with increased competition; (6) our ability to successfully optimize our omnichannel operations, including our ability to enhance our marketing efforts and successfully realize the benefits from our investments in new technology, for example our new predictive AI-powered inventory forecasting model and other AI tools, point-of-sale system and the forthcoming upgrade to our order management system; (7) our ability to use effective marketing strategies and increase existing and new customer traffic; (8) any interruptions in our foreign sourcing operations and the relationships with our suppliers and agents; (9) any increases in the demand for, or the price of, raw materials used to manufacture our merchandise and other fluctuations in sourcing and distribution costs; (10) any material damage or interruptions to our information systems; (11) our ability to protect our trademarks and other intellectual property rights; (12) our indebtedness restricting our operational and financial flexibility; (13) our ability to manage our inventory levels, size assortments and merchandise mix; (14) the fact that we are no longer a controlled company; (15) the impact of any new or increased tariffs; (16) our management succession plan; and (17) other factors that may be described in our filings with the Securities and Exchange Commission (the “SEC”), including the factors set forth under “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended January 31, 2026. You are encouraged to read our filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. We caution investors, potential investors and others not to place considerable reliance on the forward-looking statements in this press release and in the oral statements made by our representatives. Any such forward-looking statement speaks only as of the date on which it is made. J.Jill undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. (Tables Follow) J.Jill, Inc. Consolidated Statements of Operations and Comprehensive Income (Unaudited) (Amounts in thousands, except share and per share data)       For the Thirteen Weeks Ended       May 2, 2026     May 3, 2025   Net sales   $ 144,427     $ 153,624   Costs of goods sold (exclusive of depreciation and amortization)     45,734       43,267   Gross profit     98,693       110,357   Selling, general and administrative expenses     89,718       91,088   Impairment of long-lived assets     214       207   Operating income     8,761       19,062   Interest expense     1,871       2,789   Interest income     (347 )     (388 ) Income before provision for income taxes     7,237       16,661   Income tax provision     2,549       4,969   Net income and total comprehensive income   $ 4,688     $ 11,692   Net income per common share:             Basic   $ 0.32     $ 0.76   Diluted   $ 0.31     $ 0.76   Weighted average common shares:             Basic     14,880,999       15,314,474   Diluted     14,975,282       15,390,957                 Cash dividends declared per common share   $ 0.09     $ 0.08   J.Jill, Inc. Consolidated Balance Sheets (Unaudited) (Amounts in thousands, except share data)       May 2, 2026     January 31, 2026   Assets             Current assets:             Cash and cash equivalents   $ 36,297     $ 41,015   Accounts receivable, net     8,505       4,322   Inventories, net     63,922       70,066   Prepaid expenses and other current assets     25,711       25,786   Total current assets     134,435       141,189   Property and equipment, net     56,535       56,794   Intangible assets, net     55,183       56,322   Goodwill     59,697       59,697   Operating lease assets, net     124,106       128,944   Other assets     7,515       7,270   Total assets   $ 437,471     $ 450,216   Liabilities and Shareholders’ Equity             Current liabilities:             Accounts payable   $ 44,094     $ 57,650   Accrued expenses and other current liabilities     34,184       30,864   Current portion of long-term debt     1,594       1,875   Current portion of operating lease liabilities     38,568       40,259   Total current liabilities     118,440       130,648   Long-term debt, net of discount and current portion     71,319       71,435   Deferred income taxes     15,461       14,403   Operating lease liabilities, net of current portion     106,990       111,231   Other liabilities     970       1,000   Total liabilities     313,180       328,717   Commitments and contingencies             Shareholders’ Equity             Common stock, par value $0.01 per share; 50,000,000 shares authorized; 15,677,489 and 15,522,614 shares issued at May 2, 2026 and January 31, 2026 respectively; and 14,951,415 and 14,865,040 shares outstanding at May 2, 2026 and January 31, 2026, respectively     159       157   Additional paid-in capital     239,876       240,981   Treasury stock, at cost, 726,074 and 657,574 shares at May 2, 2026 and January 31, 2026, respectively     (11,681 )     (10,888 ) Accumulated deficit     (104,063 )     (108,751 ) Total shareholders’ equity     124,291       121,499   Total liabilities and shareholders’ equity   $ 437,471     $ 450,216   J.Jill, Inc. Reconciliation of GAAP Net Income to Adjusted EBITDA (Unaudited) (Amounts in thousands)       For the Thirteen Weeks Ended       May 2, 2026     May 3, 2025   Net income   $ 4,688     $ 11,692   Add (Less):             Depreciation and amortization     5,252       5,349   Income tax provision     2,549       4,969   Interest expense     1,871       2,789   Interest income     (347 )     (388 ) Adjustments:             Equity-based compensation expense (a)     1,252       966   Write-off of property and equipment (b)     36       151   Amortization of cloud-based software implementation costs (c)     554       457   Adjustment for exited retail stores (d)     (296 )     (232 ) Impairment of long-lived assets (e)     214       207   Other non-recurring items (f)     948       1,375   Adjusted EBITDA   $ 16,721     $ 27,335   Net sales     144,427       153,624   Adjusted EBITDA margin     11.6 %     17.8 % (a)   Represents expenses associated with equity incentive instruments granted to our management and Board of Directors (the “Board”). Incentive instruments are accounted for as equity-classified awards with the related compensation expense recognized based on fair value at the date of the grant. (b)   Represents net gain or loss on the disposal of fixed assets. (c)   Represents amortization of capitalized implementation costs related to cloud-based software arrangements that are included within Selling, general and administrative expenses. (d)   Represents non-cash gains associated with exiting store leases earlier than anticipated. (e)   Represents impairment of long-lived assets related to right of use assets and leasehold improvements. (f)   Represents items management believes are not indicative of ongoing operating performance, including CEO transition costs, severance expense, non-ordinary course legal and professional fees, non-employee share-based payments, and legal settlements and fees. J.Jill, Inc. Reconciliation of GAAP Operating Income to Adjusted Income from Operations (Unaudited) (Amounts in thousands)       For the Thirteen Weeks Ended       May 2, 2026     May 3, 2025   Operating income   $ 8,761     $ 19,062   Add (Less):             Equity-based compensation expense (a)     1,252       966   Write-off of property and equipment (b)     36       151   Adjustment for exited retail stores (c)     (296 )     (232 ) Impairment of long-lived assets (d)     214       207   Other non-recurring items (e)     948       1,375   Adjusted income from operations   $ 10,915     $ 21,529   (a)   Represents expenses associated with equity incentive instruments granted to our management and Board. Incentive instruments are accounted for as equity-classified awards with the related compensation expense recognized based on fair value at the date of the grant. (b)   Represents net gain or loss on the disposal of fixed assets. (c)   Represents non-cash gains associated with exiting store leases earlier than anticipated. (d)   Represents impairment of long-lived assets related to right of use assets and leasehold improvements. (e)   Represents items management believes are not indicative of ongoing operating performance, including CEO transition costs, severance expense, non-ordinary course legal and professional fees, non-employee share-based payments, and legal settlements and fees. J.Jill, Inc. Reconciliation of GAAP Net Income to Adjusted Net Income (Unaudited) (Amounts in thousands, except share and per share data)       For the Thirteen Weeks Ended       May 2, 2026     May 3, 2025   Net income   $ 4,688     $ 11,692   Add: Income tax provision     2,549       4,969   Income before provision for income tax     7,237       16,661   Adjustments:             Equity-based compensation expense (a)     1,252       966   Write-off of property and equipment (b)     36       151   Adjustment for exited retail stores (c)     (296 )     (232 ) Impairment of long-lived assets (d)     214       207   Other non-recurring items (e)     948       1,375   Adjusted income before income tax provision     9,391       19,128   Less: Adjusted tax provision (f)     2,723       5,547   Adjusted net income   $ 6,668     $ 13,581   Adjusted net income per share:             Basic   $ 0.45     $ 0.89   Diluted   $ 0.45     $ 0.88   Weighted average number of common shares:             Basic     14,880,999       15,314,474   Diluted     14,975,282       15,390,957   (a)   Represents expenses associated with equity incentive instruments granted to our management and Board. Incentive instruments are accounted for as equity-classified awards with the related compensation expense recognized based on fair value at the date of the grant. (b)   Represents net gain or loss on the disposal of fixed assets. (c)   Represents non-cash gains associated with exiting store leases earlier than anticipated. (d)   Represents impairment of long-lived assets related to right of use assets and leasehold improvements. (e)   Represents items management believes are not indicative of ongoing operating performance, including CEO transition costs, severance expense, non-ordinary course legal and professional fees, non-employee share-based payments, and legal settlements and fees. (f)   The adjusted tax provision for adjusted net income is estimated by applying a rate of 29.0% for the first quarter of fiscal 2026 and 29.0% for the first quarter of fiscal 2025. J.Jill, Inc. Selected Cash Flow Information (Unaudited) (Amounts in thousands) Summary Data from the Statement of Cash Flows       For the Thirteen Weeks Ended       May 2, 2026     May 3, 2025   Net cash provided by operating activities   $ 1,687     $ 5,336   Net cash used in investing activities     (2,793 )     (2,724 ) Net cash used in financing activities   $ (3,612 )     (6,794 ) Net change in cash and cash equivalents     (4,718 )     (4,182 ) Cash and cash equivalents and restricted cash:             Beginning of Period     41,378       35,790   End of Period (a)   $ 36,660     $ 31,608   a) Includes $0.4 million of restricted cash for the thirteen weeks ended May 2, 2026 and the thirteen weeks ended May 3, 2025. The Company recorded restricted cash in Prepaid expenses and other current assets as presented in the consolidated balance sheets. Summary Data from the Statement of Cash Flows The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows:     For the Thirteen Weeks Ended       May 2, 2026     May 3, 2025   Cash and cash equivalents   $ 36,297     $ 31,245   Restricted cash reported in Prepaid expenses and other current assets     363       363   Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows   $ 36,660     $ 31,608   Reconciliation of GAAP Cash from Operations to Free Cash Flow     For the Thirteen Weeks Ended       May 2, 2026     May 3, 2025   Net cash provided by operating activities   $ 1,687     $ 5,336   Less: Capital expenditures (a)     (2,793 )     (2,724 ) Free cash flow   $ (1,106 )   $ 2,612   a) Capital expenditures reflects net cash used in investing activities, which includes capitalized interest and excludes cash received from landlords for tenant allowances.   View source version on businesswire.com: https://www.businesswire.com/news/home/20260610100770/en/ Investor Relations:
Caitlin Churchill
ICR, Inc.

J.Jill, Inc. Announces Quarterly DividendJune 3, 2026 4:05 PM
Business Wire J.Jill, Inc. (NYSE:JILL) (“J.Jill” or the “Company”) today announced that its Board of Directors declared a quarterly cash dividend of $0.09 per share on the Company’s common stock. The dividend is payable on July 8, 2026 to stockholders of record of issued and outstanding shares of the Company's common stock as of June 24, 2026. About J.Jill, Inc. J.Jill is a national lifestyle brand that provides apparel, footwear and accessories designed to help its customers move through a full life with ease. The brand represents an easy, thoughtful and inspired style that celebrates the totality of all women and designs its products with its core brand ethos in mind: keep it simple and make it matter. J.Jill offers a high touch customer experience through about 250 stores nationwide and a robust ecommerce platform. J.Jill is headquartered outside Boston. For more information, please visit www.jjill.com or http://investors.jjill.com. The information included on our websites is not incorporated by reference herein. View source version on businesswire.com: https://www.businesswire.com/news/home/20260603662945/en/ Investor Relations:
Caitlin Churchill / Colton West
ICR, Inc.

J.Jill, Inc. to Report First Quarter Fiscal Year 2026 Results on June 10, 2026May 27, 2026 4:05 PM
Business Wire J.Jill, Inc. (NYSE:JILL) (“J.Jill” or the “Company”) today announced that its financial results for the first quarter fiscal year 2026 will be released before market open on Wednesday, June 10, 2026. Mary Ellen Coyne, Chief Executive Officer and President, and Mark Webb, Chief Financial Officer and Chief Operating Officer, will host a conference call at 8:00 a.m. Eastern Time to discuss the financial results. Investors and analysts interested in listening to the call are invited to dial (888) 596-4144 or (646) 968-2525 if calling internationally. Please dial in approximately 10 minutes prior to the start of the call and reference Conference ID 7311773 when prompted. A live audio webcast of the conference call will be available online at http://investors.jjill.com/Investors-Relations/News-Events/events. A replay of the conference call will be available approximately two hours following the call and can be accessed both online and by dialing (800) 770-2030 or (609) 800-9909. The pin number to access the telephone replay is 7311773. The telephone replay will be available until Wednesday, June 17, 2026. About J.Jill, Inc. J.Jill is a national lifestyle brand that provides apparel, footwear and accessories designed to help its customers move through a full life with ease. The brand represents an easy, thoughtful and inspired style that celebrates the totality of all women and designs its products with its core brand ethos in mind: keep it simple and make it matter. J.Jill offers a high touch customer experience through about 250 stores nationwide and a robust ecommerce platform. J.Jill is headquartered outside Boston. For more information, please visit www.jjill.com or http://investors.jjill.com. The information included on our websites is not incorporated by reference herein. View source version on businesswire.com: https://www.businesswire.com/news/home/20260527405254/en/ Investor Relations:
Caitlin Churchill / Colton West
ICR, Inc.

J.Jill Names Kimberly Wallengren as Chief Marketing OfficerApril 28, 2026 7:59 AM
Business Wire
Coach Veteran Brings Strategic Brand Building and Marketing Leadership Expertise


J.Jill, Inc. (NYSE: JILL) today announced the appointment of Kimberly Wallengren as Senior Vice President, Chief Marketing Officer, effective April 27, 2026. In this role, Ms. Wallengren will work to advance the company’s next phase of growth through the evolution of brand positioning, expanding customer reach and deepening consumer engagement.


With this appointment, J.Jill strengthens its marketing leadership structure, bringing brand, creative and marketing together under an executive leader with deep marketing experience as part of the company’s strategy to expand its customer base and drive long-term growth. Ms. Wallengren will report directly to CEO and President Mary Ellen Coyne.


“We’re excited to welcome Kimberly to J.Jill as we focus on expanding brand awareness and growing our customer file,” said Mary Ellen Coyne, CEO and President of J.Jill. “Kimberly brings a strong track record of leading marketing strategies that have attracted new audiences and strengthened engagement with existing customers. She has a deep understanding of today’s consumer and a proven ability to translate these insights into impactful campaigns and more effective ways to reach and engage customers, which will be critical as we look to our next phase of growth.”


Ms. Wallengren, who has extensive experience developing and growing global brands, is a Coach veteran, most recently serving as VP of Marketing for North America. At Coach, she defined the marketing strategy for North America and played a key role in expanding the brand’s customer base by evolving its positioning to resonate with a broader, more diverse audience, all while maintaining strong engagement with its core customer. She also led notable initiatives across partnerships and digital platforms, including a first-of-its-kind partnership between a luxury fashion brand and the Women’s National Basketball Association and campaigns within gaming environments such as The Sims 4 and Roblox. During her tenure, Coach was consistently recognized among the top brands on the Lyst Index, a quarterly ranking of fashion’s hottest brands and products complied by the fashion shopping platform Lyst.


Prior to joining Coach, Ms. Wallengren served as Head of Marketing for American Eagle’s AE77 sustainable premium denim brand, leading business and marketing strategy as well as customer acquisition and retention efforts. She previously held leadership roles at adidas and New Balance, where she led marketing campaigns, developed global strategies, and built consumer engagement to drive profitability. She holds a BS, cum laude, in Psychology and Biology from Boston College.


“I’m thrilled to join J.Jill at such an exciting time for the company,” said Kimberly Wallengren, SVP, CMO, J.Jill. “This brand has a strong foundation and a clear opportunity to connect with both existing and new customers in meaningful ways. I look forward to working closely with Mary Ellen and the team to build momentum and create experiences that inspire customers wherever they engage with us.”


About J.Jill, Inc.


J.Jill is a national lifestyle brand that provides apparel, footwear and accessories designed to help its customers move through a full life with ease. The brand represents an easy, thoughtful and inspired style that celebrates the totality of all women and designs its products with its core brand ethos in mind: keep it simple and make it matter. J.Jill offers a high-touch customer experience through about 250 stores nationwide and a robust ecommerce platform. J.Jill is headquartered outside Boston. For more information, please visit www.jjill.com or http://investors.jjill.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260428187135/en/
Media Contacts:

Michael McMullan / Danielle Poggi

Berns Communications Group

mmcmullan@bcg-pr.com / dpoggi@bcg-pr.com


Investor Relations:

Caitlin Churchill

ICR, Inc.

investors@jjill.com

203-682-8200


Original: J.Jill Names Kimberly Wallengren as Chief Marketing Officer

J.Jill tops earnings estimates but shares slide 3% on cautious outlookMarch 31, 2026 10:30 AM
IH Market News
J.Jill, Inc. (NYSE:JILL) reported fourth-quarter results on Tuesday that came in ahead of analyst expectations, but the stock fell in early trading after the company issued a conservative outlook citing tariff-related pressures.Shares of the women’s apparel retailer dropped 3.07% in pre-market trading following the earnings release.For the quarter ended January 31, 2026, J.Jill reported an adjusted loss of $0.02 per share, outperforming the analyst consensus estimate of a $0.11 per share loss.Quarterly revenue declined 3.1% year-over-year to $138.4 million, but still came in above the $135.5 million expected by analysts. The company said it incurred roughly $4.5 million in additional tariff-related costs during the quarter.Looking ahead, J.Jill expects first-quarter fiscal 2026 net sales to decline between 5% and 7%, with adjusted EBITDA projected at $15 million to $17 million.The midpoint of $16 million was compared with analyst expectations that were not disclosed.For the full fiscal year, the company forecasts net sales to range from flat to a decline of 2%, while adjusted EBITDA is expected to reach between $70 million and $75 million.The midpoint of $72.5 million incorporates continued tariff-related pressures, with the company anticipating around $15 million in incremental tariff costs during fiscal 2026.“Throughout 2025, we deliberately embarked on a period of testing and learning to build the foundation for expanding our customer file,” said Mary Ellen Coyne, President and CEO. “We are encouraged by the early progress on these initiatives, and remain focused on the important work required to position the business for sustainable growth.”Comparable sales declined 4.8% in the fourth quarter, although direct-to-consumer revenue, which accounted for 53.5% of total net sales, rose 2.6% year-over-year.Gross margin fell to 63.1% from 66.3% in the prior-year quarter, largely reflecting the impact of tariffs.J.Jill also announced a 12.5% increase in its quarterly dividend to $0.09 per share, and ended the quarter with $41 million in cash.

Original: J.Jill tops earnings estimates but shares slide 3% on cautious outlook

J.Jill, Inc. Announces Fourth Quarter and Full Year 2025 ResultsMarch 31, 2026 6:45 AM
Business Wire
Increases Quarterly Dividend by 12.5%


Provides Q1 and Full Year FY26 Outlook


J.Jill, Inc. (NYSE:JILL) (“J.Jill” or the “Company”) today announced financial results for the fourth quarter and fiscal year ended January 31, 2026 and that the Board declared a cash dividend of $0.09 per share payable on April 28, 2026 to stockholders of record of issued and outstanding shares of the Company's common stock as of April 14, 2026. The quarterly dividend reflects a 12.5% increase over the previous dividend and equates to an annualized dividend rate of $0.36 per common share.


Mary Ellen Coyne, President and Chief Executive Officer of J.Jill, Inc. stated, “Throughout 2025, we deliberately embarked on a period of testing and learning to build the foundation for expanding our customer file. As we moved into the second half of the year, we validated new opportunities within our product assortment, piloted customer acquisition strategies, and implemented enhanced operational capabilities. We are encouraged by the early progress on these initiatives, and remain focused on the important work required to position the business for sustainable growth. Enabled by our disciplined operating model, we remain confident that the evolution of our product and marketing efforts will enhance and broaden the appeal and awareness of our incredible brand.”


For the fourth quarter ended January 31, 2026:



Net sales for the fourth quarter of fiscal 2025 decreased 3.1% to $138.4 million compared to $142.8 million for the fourth quarter of fiscal 2024.



Total company comparable sales, which includes comparable store and direct to consumer sales, decreased by 4.8% for the fourth quarter of fiscal 2025.



Direct to consumer net sales, which represented 53.5% of net sales, were up 2.6% compared to the fourth quarter of fiscal 2024.



Gross profit was $87.3 million compared to $94.8 million in the fourth quarter of fiscal 2024. Gross margin was 63.1% compared to 66.3% in the fourth quarter of fiscal 2024. The Company incurred approximately $4.5 million of incremental tariff costs, net of vendor mitigation, in the fourth quarter of fiscal 2025 compared to the prior year period.



SG&A was $87.0 million compared to $89.3 million in the fourth quarter of fiscal 2024. SG&A as a percentage of total net sales was 62.9% compared to 62.5% in the fourth quarter of fiscal 2024.



Operating loss was $0.2 million compared to income of $5.1 million in the fourth quarter of fiscal 2024. Operating loss margin for the fourth quarter of fiscal 2025 was 0.1% compared to operating income margin of 3.6% in the fourth quarter of fiscal 2024. Adjusted Income from Operations* was $1.3 million compared to $9.0 million in the fourth quarter of fiscal 2024.



Interest expense was $2.2 million compared to $2.7 million in the fourth quarter of fiscal 2024. Interest income was $0.5 million in the fourth quarter of fiscal 2025 compared to $0.5 million in the fourth quarter of fiscal 2024.



During the fourth quarter of fiscal 2025, the Company recorded an income tax benefit of $1.4 million compared to an income tax provision of $0.7 million in the fourth quarter of fiscal 2024 and the effective tax rate was 28.8% compared to 23.0% in the fourth quarter of fiscal 2024.



Net Loss was $3.5 million compared to Net Income $2.2 million in the fourth quarter of fiscal 2024. Net Loss in the fourth quarter of fiscal 2025 included $3.1 million in expenses related to the loss on debt refinancing in the period.



Net Loss per Diluted Share was $0.23 for the fourth quarter of fiscal 2025 compared to Net Income per Diluted Share $0.14 for the fourth quarter of fiscal 2024. Adjusted Net Loss per Diluted Share* in the fourth quarter of fiscal 2025 was $0.02 compared to Adjusted Net Income per Diluted Share* of $0.32 in the fourth quarter of fiscal 2024.



Adjusted EBITDA* for the fourth quarter of fiscal 2025 was $7.2 million compared to $14.5 million for the fourth quarter of fiscal 2024. Adjusted EBITDA margin* for the fourth quarter of fiscal 2025 was 5.2% compared to 10.2% for the fourth quarter of fiscal 2024.



The Company opened seven stores in the fourth quarter of fiscal 2025. The store count at the end of the fourth quarter was 256 stores compared to 252 stores at the end of the fourth quarter of fiscal 2024.



For year ended January 31, 2026:



Net sales for year ended January 31, 2026 decreased 2.3% to $596.5 million compared to $610.9 million for year ended February 1, 2025.



Total company comparable sales for the year ended January 31, 2026, which includes comparable store and direct to consumer sales, decreased by 3.1% compared to the year ended February 1, 2025.



Direct to consumer net sales, which represented 48.2% of net sales, decreased 0.8% compared to year ended February 1, 2025.



Gross profit was $409.7 million compared to $429.9 million for year ended February 1, 2025. Gross margin was 68.7% compared to 70.4% for year ended February 1, 2025. The Company incurred approximately $7.5 million of incremental tariff costs net of vendor mitigation in fiscal 2025 compared to the prior year.



SG&A was $358.5 million compared to $353.4 million for year ended February 1, 2025. SG&A as a percentage of total net sales was 60.1% compared to 57.9% for year ended February 1, 2025.



Operating income was $50.6 million compared to $75.7 million for year ended February 1, 2025. Operating income margin for year ended January 31, 2026 was 8.5% compared to 12.4% for year ended February 1, 2025. Adjusted Income from Operations* was $60.9 million compared to $84.9 million for year ended February 1, 2025.



Interest expense was $10.4 million compared to $15.7 million for year ended February 1, 2025. Interest income was $2.0 million compared to $2.6 million for year ended February 1, 2025.



During year ended January 31, 2026, the Company recorded an income tax provision of $11.2 million compared to $14.5 million for year ended February 1, 2025 and the effective tax rate was 28.6% compared to 26.9% for year ended February 1, 2025.



Net Income was $27.9 million compared to $39.5 million for year ended February 1, 2025. Net Income for year ended January 31, 2026 included $3.1 million in expenses related to the loss on debt refinancing in the fourth quarter of fiscal 2025. Net Income for year ended February 1, 2025 included $8.6 million in expenses related to the loss on extinguishment of debt in the second quarter of fiscal 2024.



Net Income per Diluted Share was $1.82 compared to $2.61 for year ended February 1, 2025. Adjusted Net Income per Diluted Share* for year ended January 31, 2026 was $2.44 compared to $3.47 for year ended February 1, 2025.



Adjusted EBITDA* for year ended January 31, 2026 was $84.3 million compared to $107.1 million for year ended February 1, 2025. Adjusted EBITDA margin* for year ended January 31, 2026 was 14.1% compared to 17.5% for year ended February 1, 2025.



The Company opened nine new stores and closed five stores during fiscal 2025, ending the year with 256 stores compared to 252 stores at the end of fiscal 2024.



Balance Sheet and Cash Flow Highlights



Inventory at the end of the fourth quarter of fiscal 2025 was $70.1 million compared to $61.3 million at the end of the fourth quarter of fiscal 2024. The inventory balance at the end of the fourth quarter of fiscal 2025 included approximately $9.0 million of incremental net tariff costs.



Net Cash used by Operating Activities for the thirteen weeks ended January 31, 2026, was $1.6 million compared to Net Cash provided by Operating Activities of $8.1 million in the prior year period . Net Cash provided by Operating Activities for year ended January 31, 2026, was $42.1 million compared to $65.0 million for year ended February 1, 2025.



Free Cash Flow* for the thirteen weeks ended January 31, 2026, was ($11.7) compared to Free Cash Flow* of $0.4 million for the prior year period. Free Cash Flow* for the year ended January 31, 2026, was $23.2 million compared to $47.3 million for the year ended February 1, 2025.



The Company ended fiscal 2025 with a cash balance of $41.0 million.



On December 15, 2025, the Company announced the successful completion of the refinancing of its existing credit agreement with a new $75 million senior secured five-year term loan facility. The refinancing replaced the Company's previous term loan credit agreement dated April 5, 2023, providing enhanced financial flexibility and improved terms.



*Non-GAAP financial measures. Please see “Non-GAAP Financial Measures” and “Reconciliation of GAAP Net Income to Adjusted EBITDA,” “Reconciliation of GAAP Operating Income to Adjusted Income from Operations,” “Reconciliation of GAAP Net Income to Adjusted Net Income,” and “Reconciliation of GAAP Cash from Operations to Free Cash Flow” for more information.


Share Repurchase Authorization


During the fourth quarter and Fiscal Year ended January 31, 2026, the Company repurchased 266,891 and 637,743 shares of its common stock for an aggregate purchase price of approximately $3.8 and $10.4 million, respectively.


As of January 31, 2026, the Company had about $14.1 million remaining under our currently authorized $25.0 million share repurchase program, which expires on December 6, 2026. The share repurchase program is expected to be funded through the Company’s existing cash and future free cash flow. The timing of any repurchases and the number of shares repurchased are subject to the discretion of the Company and may be affected by various factors, including general market and economic conditions, the market price of the Company’s common stock, the Company’s earnings, financial condition, capital requirements and levels of indebtedness, legal requirements, and other factors that management may deem relevant. The share repurchase program authorization does not obligate the Company to acquire any shares of its common stock and may be amended, suspended or discontinued at any time. Shares may be repurchased from time to time through open market transactions, block trades, privately negotiated purchase transactions or other purchase techniques and may include purchases effected pursuant to one or more trading plans established pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.


Quarterly Dividend Payment


On December 3, 2025, the Board declared a cash dividend of $0.08 per share, payable on January 7, 2026 to stockholders of record of issued and outstanding shares of the Company’s common stock as of December 24, 2025.


Following the end of the fourth quarter of fiscal 2025, on March 31, 2026, the Board declared a cash dividend of $0.09 per share payable on April 28, 2026 to stockholders of record of issued and outstanding shares of the Company's common stock as of April 14, 2026. The quarterly dividend reflects a 12.5% increase over the previous dividend and equates to an annualized dividend rate of $0.36 per common share.


Outlook


The following outlook assumes an average 20% reciprocal tariff rate on applicable inventory received prior to February 28, 2026, an average 10% reciprocal tariff rate on applicable inventory received after February 28, 2026 through the first quarter of fiscal 2026, and an average 15% reciprocal tariff rate thereafter. The Company’s outlook does not assume receipt of any refunds on tariffs paid to date. In addition, the Company's outlook assumes a prudent approach to inventory investments with unit purchases positioned down in the mid-single digit percentage range compared to fiscal 2025.


For the first quarter of fiscal 2026, the Company expects the following:



Net Sales to decline 5% to 7% compared to fiscal 2025



Comparable Sales to decline 7% to 9% compared to fiscal 2025



Gross margin to decline approximately 400 basis points compared to fiscal 2025 incorporating approximately $5 million of incremental cost impact from tariffs



Adjusted EBITDA of $15 million to $17 million



For the full year of fiscal 2026, the Company expects the following:



Net Sales to be flat to down 2% compared to fiscal 2025



Comparable Sales to decline 1% to 3% compared to fiscal 2025



Gross margin to decline approximately 50 basis points compared to fiscal 2025 incorporating approximately $15 million of incremental cost impact from tariffs



Adjusted EBITDA of $70 million to $75 million



Total capital expenditures of approximately $25 million



Net new store growth of approximately 5 new stores



Free cash flow of approximately $20 million



Conference Call Information


A conference call to discuss fourth quarter 2025 and fiscal year ended January 31, 2026 results is scheduled for today, March 31, 2026, at 8:00 a.m. Eastern Time. Those interested in participating in the call are invited to dial (888) 596-4144 or (646) 968-2525 if calling internationally. Please dial in approximately 10 minutes prior to the start of the call and reference Conference ID 7311773 when prompted. A live audio webcast of the conference call will be available online at http://investors.jjill.com/Investors-Relations/News-Events/events.


A taped replay of the conference call will be available approximately two hours following the call and can be accessed both online and by dialing (800) 770-2030 or (609) 800-9909. The pin number to access the telephone replay is 7311773. The telephone replay will be available until April 7, 2026.


About J.Jill, Inc.


J.Jill is a national lifestyle brand that provides apparel, footwear and accessories designed to help its customers move through a full life with ease. The brand represents an easy, thoughtful and inspired style that celebrates the totality of all women and designs its products with its core brand ethos in mind: keep it simple and make it matter. J.Jill offers a high touch customer experience through about 250 stores nationwide and a robust ecommerce platform. J.Jill is headquartered outside Boston. For more information, please visit www.jjill.com or http://investors.jjill.com. The information included on our websites is not incorporated by reference herein.


Non-GAAP Financial Measures


To supplement our unaudited consolidated financial statements presented in accordance with generally accepted accounting principles (“GAAP”), we use the following non-GAAP measures of financial performance:



Adjusted EBITDA, which represents net income plus (less) depreciation and amortization, income tax provision, interest expense, interest income, equity-based compensation expense, write-off of property and equipment, amortization of cloud-based software implementation costs, loss on extinguishment of debt, loss on debt refinancing, adjustment for exited retail stores, impairment of long-lived assets, gain/loss due to hurricane and other non-recurring items, primarily consisting of non-ordinary course professional fees, non-employee share-based payments, CEO transition costs, severance expense, and legal settlements and fees associated with certain non-recurring transactions and events. We present Adjusted EBITDA on a consolidated basis because management uses it as a supplemental measure in assessing our operating performance, and we believe that it is helpful to investors, securities analysts and other interested parties as a measure of our comparative operating performance from period to period. We also use Adjusted EBITDA as one of the primary methods for planning and forecasting overall expected performance of our business and for evaluating on a quarterly and annual basis actual results against such expectations. Further, we recognize Adjusted EBITDA as a commonly used measure in determining business value and as such, use it internally to report results. We also use Adjusted EBITDA margin which represents, for any period, Adjusted EBITDA as a percentage of net sales.



Adjusted Income from Operations, which represents operating income plus (less) equity-based compensation expense, write-off of property and equipment, loss on extinguishment of debt, loss on debt refinancing, adjustment for exited retail stores, impairment of long-lived assets, loss due to hurricane and other non-recurring items. We present Adjusted Income from Operations because management uses it as a supplemental measure in assessing our operating performance, and we believe that it is helpful to investors, securities analysts, and other interested parties as a measure of our comparative operating performance from period to period.



Adjusted Net Income, which represents net income plus income tax provision, equity-based compensation expense, write-off of property and equipment, adjustment for exited retail stores, impairment of long-lived assets, loss due to hurricane and other non-recurring items. We present Adjusted Net Income because management uses it as a supplemental measure in assessing our operating performance, and we believe that it is helpful to investors, securities analysts and other interested parties as a measure of our comparative operating performance from period to period.



Adjusted Net Income per Diluted Share represents Adjusted Net Income divided by the number of fully diluted shares outstanding. Adjusted Net Income per Diluted Share is presented as a supplemental measure in assessing our operating performance, and we believe that it is helpful to investors, securities analysts and other interested parties as a measure of our comparative operating performance from period to period.



Free Cash Flow represents cash flow from operations less capital expenditures. Free Cash Flow is presented as a supplemental measure in assessing our liquidity, and we believe that it is helpful to investors, securities analysts and other interested parties as a measure of our comparative liquidity and operating performance from period to period.



While we believe that Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Income from Operations, Adjusted Net Income, Adjusted Diluted EPS and Free Cash Flow are useful in evaluating our business, they are non-GAAP financial measures that have limitations as analytical tools. These non-GAAP measures should not be considered alternatives to, or substitutes for, Net Income, Income from Operations, Net Income per Diluted Share or Cash from Operations, which are calculated in accordance with GAAP. In addition, other companies, including companies in our industry, may calculate these non-GAAP measures differently or not at all, which reduces the usefulness of such non-GAAP financial measures as tools for comparison. We recommend that you review the reconciliation and calculation of Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Income from Operations, Adjusted Net Income, Adjusted Diluted EPS and Free Cash Flow to Net Income, Income from Operations, Net Income per Diluted Share and Cash from Operations, respectively, the most directly comparable GAAP financial measures, under “Reconciliation of GAAP Net Income to Adjusted EBITDA”, “Reconciliation of GAAP Operating Income to Adjusted Income from Operations”, “Reconciliation of GAAP Net Income to Adjusted Net Income” and “Reconciliation of GAAP Cash from Operations to Free Cash Flow” and not rely solely on Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Income from Operations, Adjusted Net Income, Adjusted Net Income per Diluted Share, Free Cash Flow or any single financial measure to evaluate our business.


Forward-Looking Statements


This press release contains, and oral statements made from time to time by our representatives may contain, “forward-looking statements.” All statements other than statements of historical facts contained in this press release, including statements regarding our strategy, future operations, future financial position, future revenue, projected costs, prospects, plans, objectives of management, expected market growth and any activities, events or developments that we intend, expect or believe may occur in the future are forward-looking statements. Such statements are often identified by words such as “could,” “may,” “might,” “will,” “likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “on-going,” “remain,” “on-track,” “projects,” “goal,” “target” (although not all forward-looking statements contain these identifying words) and similar references to future periods, or by the inclusion of forecasts or projections. Forward-looking statements are based on our current expectations and assumptions regarding capital market conditions, our business, the economy and other future conditions and are not guarantees of future performance. Because forward-looking statements relate to the future, by their nature, they are inherently subject to a number of risks, uncertainties, potentially inaccurate assumptions and changes in circumstances that are difficult to predict. As a result, our actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in any forward-looking statements include regional, national or global political, economic, business, competitive, market and regulatory conditions, including risks regarding: (1) our sensitivity to changes in economic conditions and discretionary consumer spending; (2) the material adverse impact of pandemics, other health crises or natural disasters on our operations, business and financial results; (3) our ability to anticipate and respond to changing customer preferences, shifts in fashion and industry trends in a timely manner; (4) our ability to maintain our brand image, engage new and existing customers and gain market share; (5) the impact of operating in a highly competitive industry with increased competition; (6) our ability to successfully optimize our omnichannel operations, including our ability to enhance our marketing efforts and successfully realize the benefits from our investments in new technology, for example our new predictive AI-powered inventory forecasting model and other AI tools, our upgraded point-of-sale system and our recently implemented order management system; (7) our ability to use effective marketing strategies and increase existing and new customer traffic; (8) any interruptions in our foreign sourcing operations and the relationships with our suppliers and agents; (9) any increases in the demand for, or the price of, raw materials used to manufacture our merchandise and other fluctuations in sourcing and distribution costs; (10) any material damage or interruptions to our information systems; (11) our ability to protect our trademarks and other intellectual property rights; (12) our indebtedness restricting our operational and financial flexibility; (13) our ability to manage our inventory levels, size assortments and merchandise mix; (14) the fact that we are no longer a controlled company; (15) the impact of any new or increased tariffs; (16) our management succession plan; and (17) other factors that may be described in our filings with the Securities and Exchange Commission (the “SEC”), including the factors set forth under “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended January 31, 2026. You are encouraged to read our filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. We caution investors, potential investors and others not to place considerable reliance on the forward-looking statements in this press release and in the oral statements made by our representatives. Any such forward-looking statement speaks only as of the date on which it is made. J.Jill undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.


(Tables Follow)




J.Jill, Inc.








Consolidated Statements of Operations and Comprehensive Income








(Unaudited)








(Amounts in thousands, except share and per share data)










 



 






 






For the Thirteen Weeks Ended






 








 






 






January 31, 2026






 






 






February 1, 2025






 








Net sales






 






$






138,410






 






 






$






142,842






 








Costs of goods sold (exclusive of depreciation and amortization)






 






 






51,099






 






 






 






48,092






 








Gross profit






 






 






87,311






 






 






 






94,750






 








Selling, general and administrative expenses






 






 






86,994






 






 






 






89,311






 








Impairment of long-lived assets






 






 






472






 






 






 






359






 








Operating (loss) income






 






 






(155






)






 






 






5,080






 








Loss on debt refinancing






 






 






3,116






 






 






 






—






 








Interest expense






 






 






2,210






 






 






 






2,692






 








Interest income






 






 






(539






)






 






 






(530






)








Income before provision for income taxes






 






 






(4,942






)






 






 






2,918






 








Income tax (benefit) provision






 






 






(1,421






)






 






 






670






 








Net (loss) income and total comprehensive income






 






$






(3,521






)






 






$






2,248






 








Net (loss) income per common share:






 






 






 






 






 






 








Basic






 






$






(0.23






)






 






$






0.15






 








Diluted






 






$






(0.23






)






 






$






0.14






 








Weighted average common shares:






 






 






 






 






 






 








Basic






 






 






15,012,230






 






 






 






15,329,437






 








Diluted






 






 






15,313,933






 






 






 






15,563,041






 








Cash dividends declared per common share






 






$






0.08






 






 






$






0.07






 









J.Jill, Inc.








Consolidated Statements of Operations and Comprehensive Income








(Unaudited)








(Amounts in thousands, except share and per share data)










 



 






 






For the Fifty-Two Weeks Ended






 








 






 






January 31, 2026






 






 






February 1, 2025






 








Net sales






 






$






596,549






 






 






$






610,857






 








Costs of goods sold (exclusive of depreciation and amortization)






 






 






186,804






 






 






 






181,001






 








Gross profit






 






 






409,745






 






 






 






429,856






 








Selling, general and administrative expenses






 






 






358,451






 






 






 






353,382






 








Impairment of long-lived assets






 






 






684






 






 






 






772






 








Operating income






 






 






50,610






 






 






 






75,702






 








Loss on extinguishment of debt






 






 






—






 






 






 






8,570






 








Loss on debt refinancing






 






 






3,116






 






 






 






—






 








Interest expense






 






 






10,433






 






 






 






15,701






 








Interest income






 






 






(1,992






)






 






 






(2,550






)








Income before provision for income taxes






 






 






39,053






 






 






 






53,981






 








Income tax provision






 






 






11,162






 






 






 






14,498






 








Net income and total comprehensive income






 






$






27,891






 






 






$






39,483






 








Net income per common share:






 






 






 






 






 






 








Basic






 






$






1.84






 






 






$






2.64






 








Diluted






 






$






1.82






 






 






$






2.61






 








Weighted average common shares:






 






 






 






 






 






 








Basic






 






 






15,188,966






 






 






 






14,956,165






 








Diluted






 






 






15,340,148






 






 






 






15,136,833






 








Cash dividends declared per common share






 






$






0.32






 






 






$






0.21






 









J.Jill, Inc.








Consolidated Balance Sheets








(Unaudited)








(Amounts in thousands, except share data)













 



 






 






January 31, 2026






 






 






February 1, 2025






 








Assets






 






 






 






 






 






 








Current assets:






 






 






 






 






 






 








Cash and cash equivalents






 






$






41,015






 






 






$






35,427






 








Accounts receivable, net






 






 






4,322






 






 






 






5,017






 








Inventories, net






 






 






70,066






 






 






 






61,295






 








Prepaid expenses and other current assets






 






 






25,786






 






 






 






20,291






 








Total current assets






 






 






141,189






 






 






 






122,030






 








Property and equipment, net






 






 






56,794






 






 






 






55,325






 








Intangible assets, net






 






 






56,322






 






 






 






61,015






 








Goodwill






 






 






59,697






 






 






 






59,697






 








Operating lease assets, net






 






 






128,944






 






 






 






112,303






 








Other assets






 






 






7,270






 






 






 






7,329






 








Total assets






 






$






450,216






 






 






$






417,699






 








Liabilities and Shareholders’ Equity






 






 






 






 






 






 








Current liabilities:






 






 






 






 






 






 








Accounts payable






 






$






57,650






 






 






$






51,980






 








Accrued expenses and other current liabilities






 






 






30,864






 






 






 






40,479






 








Current portion of long-term debt






 






 






1,875






 






 






 






—






 








Current portion of operating lease liabilities






 






 






40,259






 






 






 






34,649






 








Total current liabilities






 






 






130,648






 






 






 






127,108






 








Long-term debt, net of discount and current portion






 






 






71,435






 






 






 






69,419






 








Deferred income taxes






 






 






14,403






 






 






 






9,389






 








Operating lease liabilities, net of current portion






 






 






111,231






 






 






 






104,751






 








Other liabilities






 






 






1,000






 






 






 






1,263






 








Total liabilities






 






 






328,717






 






 






 






311,930






 








Commitments and contingencies






 






 






 






 






 






 








Shareholders’ Equity






 






 






 






 






 






 








Common stock, par value $0.01 per share; 50,000,000 shares authorized; 15,522,614 and 15,344,053 shares issued at January 31, 2026 and February 1, 2025 respectively; and 14,865,040 and 15,324,222 shares outstanding at January 31, 2026 and February 1, 2025, respectively






 






 






157






 






 






 






153






 








Additional paid-in capital






 






 






240,981






 






 






 






242,781






 








Treasury stock, at cost, 657,574 shares and 19,831 shares at January 31, 2026 and February 1, 2025, respectively






 






 






(10,888






)






 






 






(523






)








Accumulated deficit






 






 






(108,751






)






 






 






(136,642






)








Total shareholders’ equity






 






 






121,499






 






 






 






105,769






 








Total liabilities and shareholders’ equity






 






$






450,216






 






 






$






417,699






 









J.Jill, Inc.








Reconciliation of GAAP Net Income to Adjusted EBITDA








(Unaudited)








(Amounts in thousands)










 



 






 






For the Thirteen Weeks Ended






 








 






 






January 31, 2026






 






 






February 1, 2025






 








Net (loss) income






 






$






(3,521






)






 






$






2,248






 








Add (Less):






 






 






 






 






 






 








Depreciation and amortization






 






 






5,337






 






 






 






5,245






 








Income tax (benefit) provision






 






 






(1,421






)






 






 






670






 








Interest expense






 






 






2,210






 






 






 






2,692






 








Interest income






 






 






(539






)






 






 






(530






)








Adjustments:






 






 






 






 






 






 








Equity-based compensation expense (a)






 






 






1,269






 






 






 






1,836






 








Write-off of property and equipment (b)






 






 






3






 






 






 






31






 








Amortization of cloud-based software implementation costs (c)






 






 






562






 






 






 






237






 








Loss on debt refinancing (d)






 






 






3,116






 






 






 






—






 








Adjustment for exited retail stores (e)






 






 






—






 






 






 






(227






)








Impairment of long-lived assets (f)






 






 






472






 






 






 






359






 








(Gain) due to hurricane (g)






 






 






(1,102






)






 






 






(250






)








Other non-recurring items (h)






 






 






782






 






 






 






2,190






 








Adjusted EBITDA






 






$






7,168






 






 






$






14,501






 








Net sales






 






 






138,410






 






 






 






142,842






 








Adjusted EBITDA margin






 






 






5.2






%






 






 






10.2






%









(a)






Represents expenses associated with equity incentive instruments granted to our management and Board of Directors (the “Board”). Incentive instruments are accounted for as equity-classified awards with the related compensation expense recognized based on fair value at the date of the grant.








(b)






Represents net gain or loss on the disposal of fixed assets.








(c)






Represents amortization of capitalized implementation costs related to cloud-based software arrangements that are included within Selling, general and administrative expenses.








(d)






Represents loss on the repayment of the 2023 Term Loan Credit Agreement in December 2025.








(e)






Represents non-cash gains associated with exiting store leases earlier than anticipated.








(f)






Represents impairment of long-lived assets related to right-of-use assets and leasehold improvements.








(g)






Represents (gain) loss on write-off of property and equipment and inventory at one store location due to hurricane and insurance recovery received to date.








(h)






Represents items management believes are not indicative of ongoing operating performance, including CEO transition costs, severance expense, non-ordinary course legal and professional fees, non-employee share-based payments, and legal settlements and fees.









J.Jill, Inc.








Reconciliation of GAAP Net Income to Adjusted EBITDA








(Unaudited)








(Amounts in thousands)










 



 






 






For the Fifty-Two Weeks Ended






 








 






 






January 31, 2026






 






 






February 1, 2025






 








Net income






 






$






27,891






 






 






$






39,483






 








Add (Less):






 






 






 






 






 






 








Depreciation and amortization






 






 






21,215






 






 






 






21,337






 








Income tax provision






 






 






11,162






 






 






 






14,498






 








Interest expense






 






 






10,433






 






 






 






15,701






 








Interest income






 






 






(1,992






)






 






 






(2,550






)








Adjustments:






 






 






 






 






 






 








Equity-based compensation expense (a)






 






 






5,376






 






 






 






6,510






 








Write-off of property and equipment (b)






 






 






218






 






 






 






105






 








Amortization of cloud-based software implementation costs (c)






 






 






2,238






 






 






 






882






 








Loss on extinguishment of debt (d)






 






 






—






 






 






 






8,570






 








Loss on debt refinancing (e)






 






 






3,116






 






 






 






—






 








Adjustment for exited retail stores (f)






 






 






(242






)






 






 






(843






)








Impairment of long-lived assets (g)






 






 






684






 






 






 






772






 








(Gain) loss due to hurricane (h)






 






 






(1,102






)






 






 






2






 








Other non-recurring items (i)






 






 






5,345






 






 






 






2,673






 








Adjusted EBITDA






 






$






84,342






 






 






$






107,140






 








Net sales






 






 






596,549






 






 






 






610,857






 








Adjusted EBITDA margin






 






 






14.1






%






 






 






17.5






%









(a)






Represents expenses associated with equity incentive instruments granted to our management and Board. Incentive instruments are accounted for as equity-classified awards with the related compensation expense recognized based on fair value at the date of the grant.








(b)






Represents net gain or loss on the disposal of fixed assets.








(c)






Represents amortization of capitalized implementation costs related to cloud-based software arrangements that are included within Selling, general and administrative expenses.








(d)






Represents loss on the prepayment of a portion of the term loan.








(e)






Represents loss on the repayment of the 2023 Term Loan Credit Agreement in December 2025.








(f)






Represents non-cash gains associated with exiting store leases earlier than anticipated.








(g)






Represents impairment of long-lived assets related to right-of-use assets and leasehold improvements.








(h)






Represents (gain) loss on write-off of property and equipment and inventory at one store location due to hurricane and insurance recovery received to date.








(i)






Represents items management believes are not indicative of ongoing operating performance, including CEO transition costs, severance expense, non-ordinary course legal and professional fees, non-employee share-based payments, and legal settlements and fees.









J.Jill, Inc.








Reconciliation of GAAP Operating Income to Adjusted Income from Operations








(Unaudited)








(Amounts in thousands)










 



 






 






For the Thirteen Weeks Ended






 








 






 






January 31, 2026






 






 






February 1, 2025






 








Operating (loss) income






 






$






(155






)






 






$






5,080






 








Add (Less):






 






 






 






 






 






 








Equity-based compensation expense (a)






 






 






1,269






 






 






 






1,836






 








Write-off of property and equipment (b)






 






 






3






 






 






 






31






 








Adjustment for exited retail stores (c)






 






 






—






 






 






 






(227






)








Impairment of long-lived assets (d)






 






 






472






 






 






 






359






 








(Gain) due to hurricane (e)






 






 






(1,102






)






 






 






(250






)








Other non-recurring items (f)






 






 






782






 






 






 






2,190






 








Adjusted income from operations






 






$






1,269






 






 






$






9,019






 









 






 






For the Fifty-Two Weeks Ended






 








 






 






January 31, 2026






 






 






February 1, 2025






 








Operating income






 






$






50,610






 






 






$






75,702






 








Add (Less):






 






 






 






 






 






 








Equity-based compensation expense (a)






 






 






5,376






 






 






 






6,510






 








Write-off of property and equipment (b)






 






 






218






 






 






 






105






 








Adjustment for exited retail stores (c)






 






 






(242






)






 






 






(843






)








Impairment of long-lived assets (d)






 






 






684






 






 






 






772






 








(Gain) loss due to hurricane (e)






 






 






(1,102






)






 






 






2






 








Other non-recurring items (f)






 






 






5,345






 






 






 






2,673






 








Adjusted income from operations






 






$






60,889






 






 






$






84,921






 









(a)






Represents expenses associated with equity incentive instruments granted to our management and Board. Incentive instruments are accounted for as equity-classified awards with the related compensation expense recognized based on fair value at the date of the grant.








(b)






Represents net gain or loss on the disposal of fixed assets.








(c)






Represents non-cash gains associated with exiting store leases earlier than anticipated.








(d)






Represents impairment of long-lived assets related to right-of-use assets and leasehold improvements.








(e)






Represents (gain) loss on write-off of property and equipment and inventory at one store location due to hurricane and insurance recovery received to date.








(f)






Represents items management believes are not indicative of ongoing operating performance, including CEO transition costs, severance expense, non-ordinary course legal and professional fees, non-employee share-based payments, and legal settlements and fees.









J.Jill, Inc.








Reconciliation of GAAP Net Income to Adjusted Net Income








(Unaudited)








(Amounts in thousands, except share and per share data)










 



 






 






For the Thirteen Weeks Ended






 








 






 






January 31, 2026






 






 






February 1, 2025






 








Net (loss) income






 






$






(3,521






)






 






$






2,248






 








Add: Income tax provision






 






 






(1,421






)






 






 






670






 








Income before provision for income tax






 






 






(4,942






)






 






 






2,918






 








Adjustments:






 






 






 






 






 






 








Equity-based compensation expense (a)






 






 






1,269






 






 






 






1,836






 








Write-off of property and equipment (b)






 






 






3






 






 






 






31






 








Loss on debt refinancing (c)






 






 






3,116






 






 






 






—






 








Adjustment for exited retail stores (d)






 






 






—






 






 






 






(227






)








Impairment of long-lived assets (e)






 






 






472






 






 






 






359






 








(Gain) due to hurricane (f)






 






 






(1,102






)






 






 






(250






)








Other non-recurring items (g)






 






 






782






 






 






 






2,190






 








Adjusted (loss) income before income tax provision






 






 






(402






)






 






 






6,857






 








Less: Adjusted tax (benefit) provision (h)






 






 






(115






)






 






 






1,845






 








Adjusted net (loss) income






 






$






(287






)






 






$






5,012






 








Adjusted net (loss) income per share:






 






 






 






 






 






 








Basic






 






$






(0.02






)






 






$






0.33






 








Diluted






 






$






(0.02






)






 






$






0.32






 








Weighted average number of common shares:






 






 






 






 






 






 








Basic






 






 






15,012,230






 






 






 






15,329,437






 








Diluted






 






 






15,313,933






 






 






 






15,563,041






 









(a)






Represents expenses associated with equity incentive instruments granted to our management and Board. Incentive instruments are accounted for as equity-classified awards with the related compensation expense recognized based on fair value at the date of the grant.








(b)






Represents net gain or loss on the disposal of fixed assets.








(c)






Represents loss on the repayment of the 2023 Term Loan Credit Agreement in December 2025.








(d)






Represents non-cash gains associated with exiting store leases earlier than anticipated.








(e)






Represents impairment of long-lived assets related to right-of-use assets and leasehold improvements.








(f)






Represents (gain) loss on write-off of property and equipment and inventory at one store location due to hurricane and insurance recovery received to date.








(g)






Represents items management believes are not indicative of ongoing operating performance, including CEO transition costs, severance expense, non-ordinary course legal and professional fees, non-employee share-based payments, and legal settlements and fees.








(h)






The adjusted tax (benefit) provision for adjusted net income is estimated by applying a rate of 28.6% for the fourth quarter of fiscal 2025 and 26.9% for the fourth quarter of fiscal 2024.









J.Jill, Inc.








Reconciliation of GAAP Net Income to Adjusted Net Income








(Unaudited)








(Amounts in thousands, except share and per share data)










 



 






 






For the Fifty-Two Weeks Ended






 








 






 






January 31, 2026






 






 






February 1, 2025






 








Net income






 






$






27,891






 






 






$






39,483






 








Add: Income tax provision






 






 






11,162






 






 






 






14,498






 








Income before provision for income tax






 






 






39,053






 






 






 






53,981






 








Adjustments:






 






 






 






 






 






 








Equity-based compensation expense (a)






 






 






5,376






 






 






 






6,510






 








Write-off of property and equipment (b)






 






 






218






 






 






 






105






 








Loss on extinguishment of debt (c)






 






 






—






 






 






 






8,570






 








Loss on debt refinancing (d)






 






 






3,116






 






 






 






—






 








Adjustment for exited retail stores (e)






 






 






(242






)






 






 






(843






)








Impairment of long-lived assets (f)






 






 






684






 






 






 






772






 








(Gain) loss due to hurricane (g)






 






 






(1,102






)






 






 






2






 








Other non-recurring items (h)






 






 






5,345






 






 






 






2,673






 








Adjusted income before income tax provision






 






 






52,448






 






 






 






71,770






 








Less: Adjusted tax provision (i)






 






 






15,000






 






 






 






19,306






 








Adjusted net income






 






$






37,448






 






 






$






52,464






 








Adjusted net income per share:






 






 






 






 






 






 








Basic






 






$






2.47






 






 






$






3.51






 








Diluted






 






$






2.44






 






 






$






3.47






 








Weighted average number of common shares:






 






 






 






 






 






 








Basic






 






 






15,188,966






 






 






 






14,956,165






 








Diluted






 






 






15,340,148






 






 






 






15,136,833






 









(a)






Represents expenses associated with equity incentive instruments granted to our management and Board. Incentive instruments are accounted for as equity-classified awards with the related compensation expense recognized based on fair value at the date of the grant.








(b)






Represents net gain or loss on the disposal of fixed assets.








(c)






Represents loss on the prepayment of a portion of the term loan.








(d)






Represents loss on the repayment of the 2023 Term Loan Credit Agreement in December 2025.








(e)






Represents non-cash gains associated with exiting store leases earlier than anticipated.








(f)






Represents impairment of long-lived assets related to right-of-use assets and leasehold improvements.








(g)






Represents (gain) loss on write-off of property and equipment and inventory at one store location due to hurricane and insurance recovery received to date.








(h)






Represents items management believes are not indicative of ongoing operating performance, including CEO transition costs, severance expense, non-ordinary course legal and professional fees, non-employee share-based payments, and legal settlements and fees.








(i)






The adjusted tax provision for adjusted net income is estimated by applying a rate of 28.6% for the year ended January 31, 2026 and 26.9% for the year ended February 1, 2025.









J.Jill, Inc.








Selected Cash Flow Information








(Unaudited)








(Amounts in thousands)








Summary Data from the Statement of Cash Flows










 



 






 






For the Thirteen Weeks Ended






 








 






 






January 31, 2026






 






 






February 1, 2025






 








Net cash (used in) provided by operating activities






 






$






(1,605






)






 






$






8,089






 








Net cash used in investing activities






 






 






(10,105






)






 






 






(7,708






)








Net cash used in financing activities






 






 






(5,281






)






 






 






(3,719






)








Net change in cash and cash equivalents






 






 






(16,991






)






 






 






(3,338






)








Cash and cash equivalents and restricted cash:






 






 






 






 






 






 








Beginning of Period






 






 






58,369






 






 






 






39,133






 








Decrease in restricted cash






 






 






—






 






 






 






(5






)








End of Period (a)






 






$






41,378






 






 






$






35,790






 









 






 






For the Fifty-Two Weeks Ended






 








 






 






January 31, 2026






 






 






February 1, 2025






 








Net cash provided by operating activities






 






$






42,144






 






 






$






65,036






 








Net cash used in investing activities






 






 






(18,915






)






 






 






(17,755






)








Net cash used in financing activities






 






 






(17,641






)






 






 






(74,026






)








Net change in cash and cash equivalents






 






 






5,588






 






 






 






(26,745






)








Cash and cash equivalents and restricted cash:






 






 






 






 






 






 








Beginning of Period






 






 






35,790






 






 






 






62,540






 








Decrease in restricted cash






 






 






—






 






 






 






(5






)








End of Period (a)






 






$






41,378






 






 






$






35,790






 









(a)






Includes $0.4 million of restricted cash for the thirteen and fifty-two weeks ended January 31, 2026 and February 1, 2025. The Company recorded restricted cash in Prepaid expenses and other current assets as presented in the consolidated balance sheets.







Summary Data from the Statement of Cash Flows


The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows:




 






 






For the Fiscal Year Ended






 






 








 






 






January 31, 2026






 






 






February 1, 2025






 






 






February 3, 2024






 






 








Cash and cash equivalents






 






$






41,015






 






 






$






35,427






 






 






$






62,172






 






 








Restricted cash reported in Prepaid expenses and other current assets






 






 






363






 






 






 






363






 






 






 






368






 






 








Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows






 






$






41,378






 






 






$






35,790






 






 






$






62,540






 






 







Reconciliation of GAAP Cash from Operations to Free Cash Flow




 






 






For the Thirteen Weeks Ended






 








 






 






January 31, 2026






 






 






February 1, 2025






 








Net cash (used in) provided by operating activities






 






$






(1,605






)






 






$






8,089






 








Less: Capital expenditures (a)






 






 






(10,105






)






 






 






(7,708






)








Free cash flow






 






$






(11,710






)






 






$






381






 









 






 






For the Fifty-Two Weeks Ended






 








 






 






January 31, 2026






 






 






February 1, 2025






 








Net cash provided by operating activities






 






$






42,144






 






 






$






65,036






 








Less: Capital expenditures (a)






 






 






(18,915






)






 






 






(17,755






)








Free cash flow






 






$






23,229






 






 






$






47,281






 









(a)






Capital expenditures reflects net cash used in investing activities, which includes capitalized interest and excludes cash received from landlords for tenant allowances.







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260331966411/en/
Investor Relations:

Caitlin Churchill

ICR, Inc.

investors@jjill.com

203-682-8200


Business and Financial Media:

Michael McMullan / Danielle Poggi

Berns Communications Group

mmcmullan@bcg-pr.com / dpoggi@bcg-pr.com


Original: J.Jill, Inc. Announces Fourth Quarter and Full Year 2025 Results