J.Jill (JILL) Tops Q3 EPS by 5c, Beats on Revenues; Offers FY EPS Outlook

J.Jill (NYSE: JILL) reported Q3 EPS of $0.14, $0.05 better than the analyst estimate of $0.09. Revenue for the quarter came in at $162 million versus the consensus estimate of $157.67 million.

Outlook

For the fourth quarter of fiscal 2017, we expect total comparable sales to increase 2.0% to 4.0%. On a 14-week basis, GAAP diluted earnings per share are expected to be in the range of $0.05 to $0.07. Adjusted diluted earnings per share, which excludes approximately $0.5 million of non-recurring expenses associated with the Company’s transition to a public company, are expected to be in the range of $0.06 to $0.08. Both GAAP and adjusted diluted earnings per share will include approximately $0.4 million of public company costs not incurred in 2016, and are inclusive of approximately $0.01 related to the 53rd week of the fiscal year. Adjusted diluted earnings per share assumes an income tax expense rate of 40%.

For the full 2017 fiscal year, we expect total comparable sales to increase 4.0% to 5.0%. On a 53-week basis, GAAP diluted earnings per share are expected to be in the range of $0.64 to $0.66. Adjusted diluted earnings per share, which excludes approximately $5.5 million of non-recurring expenses associated with the Company’s IPO and subsequent transition to a public company, are expected to be in the range of $0.72 to $0.74. Both GAAP and adjusted diluted earnings per share will include approximately $1.1 million of public company costs not incurred in 2016, and are inclusive of approximately $0.01 related to the 53rd week.

The 53rd week of fiscal 2017, which is included in the earnings per share outlook given above, is expected to contribute approximately $9.0 million in sales and approximately $0.01 of earnings per share.

GUIDANCE:

J.Jill sees FY2017 EPS of $0.72-$0.74, versus the consensus of $0.72.

For earnings history and earnings-related data on J.Jill (JILL) click here.

You May Also Be Interested In

• Korn Ferry (KFY) Tops Q4 EPS by 2c, Beats on Revenue; Offers Q1 Guidance
• Synopsys upgraded at Piper Sandler on Intel foundry momentum, Apple opportunity
• Morgan Stanley upgrades CDW on stronger AI-driven server demand