Earnings Highlights and Review: Jill’s Net Sales Jumped 12.5%; Adjusted EPS Surged 50%

Research Desk Line-up: Leju Holdings Post Earnings Coverage

LONDON, UK / ACCESSWIRE / June 21, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Jones Lang LaSalle Inc. (NYSE: JLL), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=JLL, following the Company’s posting of its first quarter fiscal 2017 financial results on May 31, 2017. The women’s clothing retailer outperformed top- and bottom-line expectations. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at:

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Get more of our free earnings reports coverage from other constituents of the Property Management industry. Pro-TD has currently selected Leju Holdings Limited (NYSE: LEJU) for due-diligence and potential coverage as the Company announced on June 14, 2017, its unaudited financial results for Q1 2017 which ended on March 31, 2017. Register for a free membership today, and be among the early birds that get access to our report on Leju Holdings when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on JLL; also brushing on LEJU. With the links below you can directly download the report of your stock of interest free of charge at:

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Earnings Reviewed

For the first quarter fiscal 2017 ended April 29, 2017, Jill’s total net sales rose 12.5% to $166.1 million compared to $147.7 million in Q1 2016. The Company’s revenue numbers exceeded analysts’ expectations of $162.0 million

For Q1 2017, Jill’s total company comparable sales, which includes comparable store sales and direct to consumer comparable sales, increased by 9.9%. The Company’s direct to consumer net sales represented 42.6% of total net sales in the reported quarter, up from 40.7% in the prior year’s same quarter.

During Q1 2017, Jill’s gross profit increased to $115.6 million compared to $101.5 million in Q1 2016. As a percentage of total net sales, the Company’s gross profit was 69.6% compared to 68.7% in the year ago same period.

Jill’s SG&A was $97.0 million in Q1 2017 compared to $87.1 million in Q1 2016, and as a percentage of total net sales was 58.4% in the reported quarter compared to 59.0% in the prior year’s corresponding quarter. The Company’s Q1 2017 SG&A included $3.6 million of net non-recurring expenses compared to $1.1 million of net non-recurring expenses incurred in Q1 2016 related to the Company’s initial public offering.

Jill’s income from operations, inclusive of non-recurring SG&A expenses increased to $18.6 million in the quarter under review, and as a percentage of total net sales was 11.2% compared to 9.8% in the year earlier same quarter. For Q1 2017, Jill’s adjusted EBITDA advanced 19.7% to $31.0 million compared to $25.9 million in Q1 2016.

Jill posted net income of $8.02 million, or $0.18 per share, for Q1 2017 compared to net income of $6.07 million, or $0.14 per diluted share, in Q1 2016. The Company’s adjusted diluted earnings per share for the reported quarter, which excludes net non-recurring expenses, were $0.24 compared to adjusted diluted earnings per share of $0.16 in the prior year’s same quarter. Jill’s earnings numbers came in ahead of Wall Street’s expectations of $0.18 per share.

Paula Bennett, President and CEO of J.Jill, Inc. stated:

“We are pleased with our start to the year and our ability to consistently capitalize on the strengths of our omni-channel data-driven business model. Our first quarter performance was strong, highlighted by total comparable sales growth of 9.9% and adjusted net income growth of about 50% versus last year. This quarter further exemplifies how well positioned we are to continue to capture market share and drive bottom-line earnings.”

Cash Matters

Jill ended Q1 2017 with cash and cash equivalents of $15.3 million compared to $13.5 million at the end of FY16. The Company’s inventory at the end of the reported quarter grew by 10.4% to $73.6 million compared to $66.6 million at the end of the previous quarter.

During Q1 2017, Jill opened one net new store and ended the quarter with 276 stores.

Outlook

For Q2 2017, Jill is forecasting total comparable sales to increase in the high single digits. The Company’s GAAP diluted earnings per share are estimated to be in the range of $0.26 to $0.28, while adjusted diluted earnings per share, which excludes approximately $0.9 million of non-recurring expenses associated with the Company’s initial public offering, are expected to be in the range of $0.27 to $0.29.

For FY17, on a 52-week basis, Jill is projecting total comparable sales to increase in the high single digits. The Company anticipates GAAP earnings to be in the range of $0.72 to $0.76 per diluted share and adjusted diluted earnings per share, which excludes approximately $5.0 million of non-recurring expenses associated with the Company’s initial public offering, are expected to be in the range of $0.80 to $0.84.

Jill’s management stated that the 53rd week of fiscal 2017, which has not been included in the 52-week basis outlook, is expected to contribute an additional $9.0 million in sales and approximately $0.01 of earnings per share.

Stock Performance

At the closing bell, on Tuesday, June 20, 2017, Jones Lang LaSalle’s stock was marginally down 0.49%, ending the trading session at $119.60. A total volume of 144.27 thousand shares have exchanged hands. The Company’s stock price surged 10.95% in the last three months, 19.06% in the past six months, and 4.26% in the previous twelve months. Moreover, the stock rallied 18.37% since the start of the year. The stock is trading at a PE ratio of 18.00 and has a dividend yield of 0.59%. The stock currently has a market cap of $5.40 billion.

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