10-Q · June 10, 2026
J.Jill, Inc. reported Q1 FY2026 results with revenue of $144.4 million, a decline of 6% from the prior year, and a gross margin of 68.3%, down from 71.8%. Despite these challenges, EPS of $0.45 exceeded estimates of…
Earnings analysis · 10-Q
JILL earnings analysis
Filed September 9, 2026 · Our reading of the company's report
The latest report
J.Jill delivered a strong quarter, with $154.829 million of revenue and $1.24 of diluted EPS, exceeding consensus estimates of $151.645 million and $0.61. Reported gross margin of 76.8% was boosted by a $13.3 million…
Read full summary
J.Jill delivered a strong quarter, with $154.829 million of revenue and $1.24 of diluted EPS, exceeding consensus estimates of $151.645 million and $0.61. Reported gross margin of 76.8% was boosted by a $13.3 million net tariff refund, while the underlying margin was 68.3%. Management raised FY26 expectations to $75-$80 million of adjusted EBITDA and approximately $40 million of free cash flow, although the one-time tariff benefit and ongoing tariff exposure remain important risks.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.24
- Gross margin
- 76.8%
What stood out
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Revenue and EPS beat estimates
Revenue was $154.829 million, approximately 2.1% above the $151.645 million consensus estimate. Diluted EPS was $1.24 versus the $0.61 estimate, a $0.63 beat.
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Tariff refund lifted gross margin
Reported gross margin was 76.8%, including a $13.3 million net tariff refund. Excluding the refund, gross margin was 68.3%, indicating the reported margin benefited materially from a one-time item.
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FY26 outlook raised
Management raised FY26 adjusted EBITDA guidance to $75-$80 million and expects approximately $40 million of free cash flow, supporting a more favorable outlook despite tariff and cost pressures.
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Positive Q3 outlook
The company expects Q3 sales to increase 3%-5% and adjusted EBITDA to be $20-$22 million, providing a quantitative near-term outlook.
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Dividend supports shareholder returns
The company declared a quarterly cash dividend of $0.09 per share on September 2, 2026, payable October 7, 2026, and stated that it intends to pay dividends quarterly subject to market conditions and Board approval.
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Continued share repurchases
J.Jill repurchased 99,902 shares during the thirteen weeks ended August 1, 2026, while $11.8 million remained available under the $25.0 million authorization.
What to watch
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One-time tariff benefit
The $13.3 million net tariff refund materially benefited reported gross margin of 76.8%; excluding the refund, gross margin was 68.3%. Future results may therefore be weaker if comparable tariff benefits do not recur.
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Ongoing tariff exposure
The filing's risk-factor section states that there were no material changes to the factors disclosed in the 2025 Annual Report; however, the company continues to face tariff exposure while FY26 gross-margin guidance calls for only a 100-150 basis-point increase.
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Capex and cash-flow sensitivity
The company expects FY26 capital expenditures of approximately $20-$25 million against approximately $40 million of free cash flow, leaving limited room for execution shortfalls or weaker operating cash generation.
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Liquidity allocated to buybacks
The company repurchased 99,902 shares during the quarter, reducing remaining authorization availability to $11.8 million. Continued buybacks could reduce liquidity if operating conditions weaken.
Management's outlook
Management raised FY26 outlook: net sales flat to up 2%, comparable sales down 1% to up 1%, gross margin up 100-150 basis points, adjusted EBITDA of $75-$80 million, free cash flow of approximately $40 million, capital expenditures of approximately $20-$25 million, and net new store growth of approximately 1-3 stores. Q3 sales are expected to increase 3%-5% with adjusted EBITDA of $20-$22 million.
Earlier filings 4
10-K · March 31, 2026
J.Jill emphasizes an omnichannel growth strategy focused on product evolution, an enhanced customer journey and operational excellence, supported by a 256-store footprint and a balanced Retail/Direct mix (52% / 48% of…
10-Q · December 10, 2025
J.Jill reported quarterly net sales of $150,528 (thousands) for the thirteen weeks ended November 1, 2025, essentially flat versus prior-year quarter, while operating income declined to $14,920 (thousands) and diluted…
10-Q · June 11, 2025
J.Jill reported net sales of $153,624,000 and diluted EPS of $0.76 for the thirteen weeks ended May 3, 2025. Revenue, gross profit and operating income all declined versus the year‑ago quarter (May 4, 2024) while the…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.