J.Jill Expects Q2 Revenues To Be Down In Mid-Single-Digits Y/Y, Adjusted EBITDA Of $26M-$31M
Portfolio Pulse from Benzinga Newsdesk
J.Jill expects Q2 revenues to decline in mid-single-digits YoY, with adjusted EBITDA of $26M-$31M. For fiscal 2023, the company anticipates annual adjusted EBITDA dollars to be down mid-single digits compared to fiscal 2022, including a $2 million benefit from the 53rd week. Total capital expenditures are expected to be around $18 million, with a flat store count by the end of fiscal 2023.
June 07, 2023 | 11:24 am
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J.Jill expects lower Q2 revenues and a decline in annual adjusted EBITDA for fiscal 2023, which may negatively impact the stock price.
J.Jill's expected decline in Q2 revenues and annual adjusted EBITDA for fiscal 2023 indicates a potential slowdown in the company's financial performance. This may lead to a negative impact on the stock price as investors may perceive the company's growth prospects to be weaker.
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IMPORTANCE 80
RELEVANCE 100