J.Jill (NYSE:JILL) demonstrated its confidence by reiterating its previous Q4 and full-year guidance on Monday, just before its crucial presentation and investor meetings at the ICR Conference in Orlando, Florida.
For Q4, J.Jill (JILL) expects revenue growth to remain approximately level with the prior year, with adjusted EBITDA projected to range between $11.0M and $13.0M.
Throughout the full year, J.Jill (JILL) anticipates adjusted EBITDA to decrease by a small margin compared to the prior year.
The Q4 and full-year adjusted EBITDA forecast incorporates an approximate $2.0M benefit from the 53rd week in fiscal 2023.
Despite a more than 15% decline in J.Jill’s stock over the last 90 days, largely due to concerns about consumer discretionary spending and sector-wide markdown pressures, both Seeking Alpha analysts and Wall Street analysts retain a positive outlook on the stock.