By Katherine Hamilton

J.Jill posted lower profit and revenue in the first quarter and said it expects sales to continue dropping in the current quarter.

The apparel retailer on Wednesday posted a profit of $4.7 million, or 31 cents a share, in the quarter ended in early May, compared with $11.7 million, or 76 cents a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were 45 cents, ahead of the 42 cents anticipated by analysts, according to FactSet.

Revenue fell 6% to $144.4 million. Analysts surveyed by FactSet had forecast revenue of $144.3 million.

Total same-store sales, including same-store sales and direct-to-consumer sales, fell 8.7%.

"We delivered first-quarter results in line with our expectations and are encouraged by early indicators that our strategy is gaining traction," Chief Executive Mary Ellen Coyne said.

Shares shed 24% to $10.12 in pre-market trading Wednesday.

J.Jill said it expects revenue in the current second quarter to fall 1% to 3% compared with the 1.4% decrease that analysts expect. The company projects a same-store sales decline of 2% to 4%.

Management reaffirmed its outlook for the full year.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

June 10, 2026 07:18 ET (11:18 GMT)

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