Investing.com — Retailer J, Jill Inc (NYSE: JILL) is trading higher today after reporting earnings before the bell with an announced revenue increase over the last quarter of 11%.
beaten expectations by a margin of $0.02 per share, but missed the mark with revenue coming in at only ($145 million), analysts expected it to be higher than this number – estimates were set on behalf of investors who want more information about how their money is being spent before making any decisions based off such shortcomings alone; however, these numbers do not tell us anything concrete so far
The company’s earnings improved compared favorably against analyst consensus Awards for excellence given out monthly after reviewing quarterly performance indicates an increase over the last year’s occurrent
The company reported a 19% increase in total comparable sales but saw an 18.8% decline from direct-to-consumer retail due to lower markdown items being sold at this time of year when consumers are seeking deals on clothing and accessories instead.
J.Jill has been on a mission to become the number one brand in their industry, and they’re doing it by strengthening how they operate as an organization through disciplined inventory management which leads them towards full-price selling practices that will generate greater gross margins for years into come!
With a revenue increase of 11% to 14%, the company is optimistic about its future.
“We are excited about the opportunities ahead and our focus will remain on driving profitable growth,” said Spofford.
‘Looking further ahead, we’re looking forward to introducing new customers with relevant brands that are compelling as well.”
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