J.Jill Expects Q3 Revenues To Be Down In The Low Single Digits Y/Y, Adj. EBITDA $23.0M - $25.0M
Portfolio Pulse from Benzinga Newsdesk
J.Jill expects its Q3 revenues to decrease in the low single digits year over year, with adjusted EBITDA projected to be between $23.0M and $25.0M.
August 31, 2023 | 10:49 am
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J.Jill anticipates a decrease in Q3 revenues and an adjusted EBITDA between $23.0M and $25.0M.
The company's expectation of lower revenues indicates a potential decrease in sales or pricing power, which could negatively impact the stock price. The projected EBITDA, while providing some measure of profitability, may not be enough to offset the negative sentiment from the expected revenue decrease.
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IMPORTANCE 80
RELEVANCE 100