Shares of J. Jill Inc. jumped 10.8 percent in early-morning trading after the company posted a rise in both net income and net sales for the first quarter.
For the three months ended April 29, net income rose 32.2 percent to $8.0 million, or 18 cents a diluted share, from $6.1 million, or 14 cents, a year ago. Adjusted diluted EPS, after excluding net non-recurring expenses, were24 cents versus 16 cents in the year-ago quarter. Net sales rose 12.5 percent to $166.1 million from $147.7 million. The company said comparable store sales, which include direct to consumer comps, rose by 9.9 percent. Direct to consumer net sales represented 42.6 percent of total net sales, up from 40.7 percent in the year-ago quarter.
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