J.Jill Revises FY23 Adj. EBITDA Guidance To Be Down In The Low-Single Digits Vs. Down Mid-Single Digits Prior
Portfolio Pulse from Benzinga Newsdesk
J.Jill has revised its FY23 adjusted EBITDA guidance to be down in the low-single digits, compared to its previous forecast of down mid-single digits. The company still expects total capital expenditures of about $18.0 million and a flat store count to end fiscal 2023.
August 31, 2023 | 10:52 am
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J.Jill's revised FY23 adjusted EBITDA guidance indicates a smaller decline than previously expected, which could be seen as a positive sign by investors. However, the company's outlook still suggests a challenging fiscal year ahead.
The revision of J.Jill's FY23 adjusted EBITDA guidance to a smaller decline could be interpreted as a positive sign, suggesting that the company's financial performance may not be as bad as previously expected. However, the fact that the company still expects a decline in EBITDA indicates that it is facing challenges, which could negatively impact investor sentiment and the company's stock price. The unchanged capital expenditure and store count forecasts suggest that the company is not planning any major expansions or contractions, which could also influence investor sentiment.
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