J.Jill jumps as holiday-quarter sales surge 15%
22/03/2022 12:59
** Shares of apparel retailer JILL.N up ~15% at $17.50
premarket; set to open at over two-month high, if gains hold
** JILL reports Q4 net sales up 15.3% at $145.2 mln, with
comparable sales jumping ~20%, due to more full-price selling
and efficient inventory management urn:newsml:reuters.com:*:nBw1Mn5q7a
** Co also posts net income of $3.6 mln, or 25 cents/shr,
compared to loss of $26.9 mln, or $2.80/shr a year earlier
** JILL expects Q1 revenue to grow between 11% and 14% vs.
year-ago period, says "pleased with our performance to date" in
2022
** Up to Monday's close, stock had fallen ~20% YTD
(Reporting by Deborah Sophia in Bengaluru)
((DeborahMary.Sophia@thomsonreuters.com;))