J.Jill Files 10-Q for Period Ending Nov 2, 2024
Ticker: JILL · Form: 10-Q · Filed: 2024-12-11T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, retail
TL;DR
J.Jill's Q3 10-Q is in. Check financials for latest performance.
AI Summary
J.Jill, Inc. filed its 10-Q for the period ending November 2, 2024. The filing details financial performance and operational updates. Key financial data and strategic information are presented within this report.
Why It Matters
This 10-Q filing provides investors and analysts with a detailed look into J.Jill's financial health and operational status during the reported quarter, influencing investment decisions.
Risk Assessment
Risk Level: medium — 10-Q filings are standard financial reports, but the specific details within can reveal risks related to the company's performance, debt, or market conditions.
Key Numbers
- 001-38026 — SEC File Number (Identifies the specific SEC filing for J.Jill, Inc.)
- 0000950170-24-135426 — Accession Number (Unique identifier for this specific SEC filing.)
Key Players & Entities
- J.Jill, Inc. (company) — Filer of the 10-Q
- 2024-11-02 (date) — End of the reporting period
- TowerBrook Capital Partners L.P. (company) — Mentioned in relation to financial data
FAQ
What is the reporting period for this 10-Q filing?
The 10-Q filing is for the period ended November 2, 2024.
What is the company's Central Index Key (CIK)?
J.Jill, Inc.'s Central Index Key is 0001687932.
What is the company's Standard Industrial Classification (SIC) code?
The SIC code for J.Jill, Inc. is 2330, categorized under WOMEN'S, MISSES', AND JUNIORS OUTERWEAR.
When was J.Jill, Inc. incorporated?
J.Jill, Inc. was incorporated in Delaware (DE).
What is the filing date of this 10-Q report?
This 10-Q report was filed on December 11, 2024.
Filing Stats: 4,391 words · 18 min read · ~15 pages · Grade level 14.3 · Accepted 2024-12-11 17:00:21
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value JILL New York Stock Excha
Filing Documents
- jill-20241102.htm (10-Q) — 1749KB
- jill-ex31_1.htm (EX-31.1) — 17KB
- jill-ex31_2.htm (EX-31.2) — 17KB
- jill-ex32_1.htm (EX-32.1) — 10KB
- jill-ex32_2.htm (EX-32.2) — 10KB
- 0000950170-24-135426.txt ( ) — 6929KB
- jill-20241102.xsd (EX-101.SCH) — 1095KB
- jill-20241102_htm.xml (XML) — 1048KB
Financial Statements
Financial Statements Condensed Consolidated Balance Sheets as of November 2, 2024 (Unaudited) and February 3, 2024 2 Condensed Consolidated Statements of Operations and Comprehensive Income for the Thirteen and Thirty-Nine weeks ended November 2, 2024 and October 28, 2023 (Unaudited) 3 Condensed Consolidated Statements of Shareholders' Equity for the Thirteen and Thirty-Nine weeks ended November 2, 2024 and October 28, 2023 (Unaudited) 4 Condensed Consolidated Statements of Cash Flows for the Thirty-nine weeks ended November 2, 2024 and October 28, 2023 (Unaudited) 5 Notes to Condensed Consolidated Financial Statements (Unaudited) 6 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 17 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 26 Item 4.
Controls and Procedures
Controls and Procedures 26 PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 27 Item 1A.
Risk Factors
Risk Factors 27 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 27 Item 3. Defaults Upon Senior Securities 27 Item 4. Mine Safety Disclosures 27 Item 5. Other Information 27 Item 6. Exhibits 27 Exhibit Index 27
Signatures
Signatures 29 1 Table of Contents
—FINANCI AL INFORMATION
PART I—FINANCI AL INFORMATION
Financi al Statements
Item 1. Financi al Statements J.Jill, Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (in thousands, except share data) November 2, 2024 February 3, 2024 Assets Current assets: Cash and cash equivalents $ 38,765 $ 62,172 Accounts receivable 6,535 5,042 Inventories, net 61,737 53,259 Prepaid expenses and other current assets 18,774 17,656 Total current assets 125,811 138,129 Property and equipment, net 52,091 54,118 Intangible assets, net 62,223 66,246 Goodwill 59,697 59,697 Operating lease assets, net 112,358 108,203 Other assets 6,076 1,787 Total assets $ 418,256 $ 428,180 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 50,936 $ 41,112 Accrued expenses and other current liabilities 42,534 42,283 Current portion of long-term debt 2,188 35,353 Current portion of operating lease liabilities 34,251 36,204 Total current liabilities 129,909 154,952 Long-term debt, net of discount and current portion 69,124 120,595 Deferred income taxes 9,511 10,967 Operating lease liabilities, net of current portion 105,161 103,070 Other liabilities 1,290 1,378 Total liabilities 314,995 390,962 Commitments and contingencies (see Note 12) Shareholders' Equity Common stock, par value $ 0.01 per share; 50,000,000 shares authorized; 15,340,378 and 10,614,454 shares issued and outstanding at November 2, 2024 and February 3, 2024, respectively (See Note 8) 153 107 Additional paid-in capital 241,998 213,236 Accumulated deficit ( 138,890 ) ( 176,125 ) Total shareholders' equity 103,261 37,218 Total liabilities and shareholders' equity $ 418,256 $ 428,180 The accompanying notes are an integral part of these condensed consolidated financial statements. 2 Table of Contents J.Jill, Inc. CONDENSED CONSOLIDATED STATEMENT S OF OPERATIONS AND COMPREHENSIVE INCOM