J.Jill, Inc. has announced its financial results for the first quarter of fiscal year 2025. The company reported net sales of $153.6 million, marking a 4.9% decrease compared to $161.5 million in the same period of fiscal 2024. Net income for the quarter was $11.7 million, down from $16.7 million in the first quarter of the previous year. Earnings per diluted share were reported at $0.76, a decline from $1.16 in the first quarter of fiscal 2024, while adjusted net income per diluted share was $0.88 compared to $1.22 in the prior year. The adjusted EBITDA for the first quarter was $27.3 million, which is a decrease from $35.6 million in the first quarter of fiscal 2024, with the adjusted EBITDA margin dropping from 22.1% to 17.8%. Gross profit decreased to $110.4 million from $117.7 million, with a gross margin of 71.8%, down slightly from 72.9% in the previous year. SG&A expenses increased to $91.1 million from $89.1 million in the previous year. The company closed three stores during the quarter, bringing the total store count to 249, up from 244 stores at the end of the first quarter of fiscal 2024. Looking ahead, J.Jill has updated its expectations for fiscal 2025, forecasting total capital expenditures of $20.0 million to $25.0 million and net growth of 1 to 5 new stores.