{"id":159051,"date":"2022-06-08T13:03:05","date_gmt":"2022-06-08T13:03:05","guid":{"rendered":"https:\/\/precoinnews.com\/?p=159051"},"modified":"2022-06-08T13:03:05","modified_gmt":"2022-06-08T13:03:05","slug":"j-jill-adds-5-in-pre-market-on-returning-to-profit-in-q1","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/j-jill-adds-5-in-pre-market-on-returning-to-profit-in-q1\/","title":{"rendered":"J.Jill Adds 5% In Pre-market On Returning To Profit In Q1"},"content":{"rendered":"
Shares of apparel retailer J.Jill, Inc. (JILL) are rising more than 5% in pre-market on Wednesday after reporting improved first-quarter results.<\/p>\n
The company reported net income of $14.4 million or $1.02 per share in the first quarter compared with net loss of $18 million or $1.89 per share in the same quarter a year ago.<\/p>\n
Excluding one-time items, earnings were $1.02 per share.<\/p>\n
Net sales for the quarter were up 21.7% to $157.1 million from $129.1 million last year.<\/p>\n
For the second quarter of fiscal 2022, the Company expects revenues to grow between 1.0% and 3.0%. In 2021, second-quarter revenue grew 71.9% to $159.2 million as the previous year’s revenue was hurt by Covid-19 store closures.<\/p>\n
JILL closed Tuesday’s regular trading at $18.03, down 2.38%. <\/p>\n