J.Jill Sees FY26 Net Sales Flat to -2%, Q2 Sales Down 1-3%

JILL•

2026-06-10

J.Jill reported fiscal Q1 net income of $4.7 million, or $0.31 per share (adjusted $0.45), on revenue of $144.4 million. The company forecast Q2 net sales declining 1–3% and reaffirmed full-year FY26 net sales flat to down 2% with tariff headwinds and H2 inventory reduction assumptions.

1. Q1 Financial Results

J.Jill posted net income of $4.7 million, or $0.31 per share (adjusted $0.45), on revenue of $144.4 million.

2. Q2 and Full-Year Guidance

The company projects Q2 net sales declining 1–3% and comparable sales down 2–4%, and reiterates FY26 net sales flat to down 2% with comparable sales falling 1–3%.

3. Tariff Rate Impact Assumptions

Outlook assumes average reciprocal tariff rates of 20% on inventory received before February 28, 2026, 10% between then and Q2, and 15% thereafter, with second-half unit purchases down mid-single digits versus FY25.

4. Dividend Declaration and Market Reaction

The board approved a $0.09 per share dividend payable July 8 to shareholders of record June 24, and shares plunged 7.6% in pre-market trading following the outlook reaffirmation.