J. Jill (JILL) reported earnings on Tue 29 Aug 2017 (b/o)

** charts after earnings **

 

J. Jill reports EPS in-line, beats on revs; guides Q3 EPS in-line; raises FY18 EPS guidance and reaffirms FY18 comp guidance; Q2 comps +7.8%

• Reports Q2 (Jul) earnings of $0.29 per share, excluding non-recurring items, in-line with the Capital IQ Consensus of $0.29; revenues rose 9.9% year/year to $181.4 mln vs the $179.02 mln Capital IQ Consensus. Total company comparable sales, which includes comparable store sales and direct to consumer comparable sales, increased by 7.8%. Gross profit increased to $122.6 million from $112.9 million in the second quarter of fiscal 2016. As a percentage of total net sales, gross profit was 67.6% compared to a record second quarter gross profit of 68.4% in fiscal 2016.
• Co issues in-line guidance for Q3, sees EPS of $0.18-0.20, excluding non-recurring items, vs. $0.19 Capital IQ Consensus Estimate. Co sees Q3 comps to increase in the high single digits.
• Co issues raised guidancefor FY18, sees EPS of $0.81-0.85 from $0.80-0.84, excluding non-recurring items, vs. $0.84 Capital IQ Consensus Estimate. In FY18, co expects total comparable sales to increase in the high single digits. The 53rd week of fiscal 2017, which is not included in the 52-week basis outlook given above, is expected to contribute an additional $9.0 million in sales and approximately $0.01 of earnings per share.