J.Jill Lowered Its 2024 Guidance: Now Expects Net Sales To Be About Flat To Up 1% YoY, And Adjusted EBITDA To Decline In The Range Of 4%-9%
Portfolio Pulse from Benzinga Newsdesk
J.Jill has lowered its 2024 guidance, expecting net sales to be flat to up 1% year-over-year and adjusted EBITDA to decline by 4%-9%. This is due to the loss of a 53rd week in fiscal 2023 and investments in an Order Management System. Excluding these factors, sales are expected to grow 2%-3% with a 1%-6% decline in EBITDA.
September 04, 2024 | 10:55 am
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J.Jill has revised its 2024 guidance, projecting flat to 1% growth in net sales and a 4%-9% decline in adjusted EBITDA. The guidance reflects the impact of losing a 53rd week in fiscal 2023 and investments in an Order Management System.
The lowered guidance indicates potential challenges in maintaining profitability, which could negatively impact investor sentiment and the stock price in the short term. The loss of the 53rd week and increased expenses for the OMS project are key factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100