Despite a second-quarter beat, investors were not happy with J. Jill Inc.’s third-quarter guidance.
For the three months ended Aug. 4, the company reported a 12.6 percent decline in net income to $10.5 million, or 23 cents a diluted share, from $12 million, or 28 cents, a year ago. On an adjusted basis, excluding nonrecurring expenses, diluted earnings per share were 24 cents. Net sales slipped 0.9 percent to $179.7 million from $181.4 million, attributable mostly to a calendar shift in 2017 that created 53 weeks for the year. The company said total comparable-store sales rose 2.2 percent. Direct-to-consumer net sales represented 40.9 percent of total net sales for the quarter, down from 43.1 percent a year ago. Further gross margin in the quarter was 64.9 percent, a decline from 67.6 percent a year ago.
Penelope Cruz wows in a strapless white @chanelofficial feather dress. She is nominated for Best Movie/Limited Series Supporting Actress for The Assassination of Gianni Versace: American Crime Story. #Emmys
Take a peek into Gucci's new Instagram account (@guccibeauty), which is guided by Creative Director Alessandro Michele’s vision of beauty. In typical Gucci fashion, the account already features a series of artworks spanning across history, ethnicity, culture and geography. It will showcase and promote its new cosmetic launches and fragrances as well as looks from the fashion shows and special collaborations with artists and talents. #wwdbeauty
Photographed by @delphachardphotos