By  on October 11, 2017

Shares of J. Jill Inc. dropped 37.6 percent in after-market trading after the company lowered third-quarter guidance due to lackluster sales because of some merchandise misses.

The company said it expects total company comparable sales of minus 3 to minus 5 percent, and generally accepted accounting principles diluted earnings per share of 7 cents to 9 cents, or between 8 cents and 10 cents on an adjusted basis. Adjusted diluted EPS excludes about $600,000 of non-recurring expenses connected with the firm’s transition to a public company in March.

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