J.Jill Inc jumps on Q2 profit

JJill

01/09/2022 14:23

** Shares of apparel retailer J.Jill Inc  JILL.N  up 11.1%
premarket and are set to open at over two-weeks high of $18 
    ** Company posts Q2 net income of $17.8 mln, or $1.25 per
share, compared with a net loss of $24.6 mln, or $1.98, a year
earlier
    ** Q2 gross margin was 70.1%, compared to 68.7% a year
earlier, driven by strong full price selling and reduced
promotions 
    ** JILL reports Q2 adjusted profit of $1.24 and total
company comparable sales rose 0.8%  urn:newsml:reuters.com:*:nBwbwW23Da
    ** Q2 net sales rose 0.7% to $160.3 mln
    ** Up to Wednesday's close, stock had fallen ~16% 

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))