J.Jill’s net income, for the quarter ended Feb. 3, was $4.8 million, or 33 cents per diluted share, compared to $1 million, or 7 cents a share, in the fourth quarter of fiscal 2022. Adjusted fourth-quarter EBITDA was $17.6 million compared to $15 million in the year-ago quarter.
By beating both sales and earnings expectations, investors pushed J.Jill’s stock price up 6.1 percent, or $1.51, to $ 26.24 by midday Wednesday. “As we look ahead, we continue to take a cautious outlook with respect to the macro environment and are planning our business accordingly,” Spofford added. “We will continue to execute our disciplined operating model while investing in both capital and operating expenses that we believe will support the initiatives in place to drive profitable sales growth.