By Connor Hart

J.Jill withdrew its outlook for the year, citing increased macroeconomic uncertainty, as well as the company's recent leadership transition.

The move came Wednesday as the women's apparel company logged lower profit and sales in its fiscal first quarter.

Shares fell 11% to $15 in pre-market trading. Through Tuesday's close, the stock has lost 57% of its value in the past year.

Chief Executive Mary Ellen Coyne said she has immersed herself in the business since starting in the company's top role last month, noting in part the company's solid business fundamentals and lean operating model.

"This foundation will serve us well as we navigate a challenging macro environment while establishing our plans for the future," she said.

J.Jill posted a profit of $11.7 million, or 76 cents a share, for its 13 weeks ended May 13, compared with $16.7 million, or $1.16 a share, in the same period last year.

Stripping out one-time items, adjusted earnings were 88 cents, just ahead of the 86 cents that analysts polled by FactSet had expected.

Sales fell 4.9% to $153.6 million. Analysts had modeled sales of $156.8 million.

Comparable sales in both stores and the direct-to-consumer channel fell 5.7% year over year. Direct-to-consumer sales, which account for just under half of the company's business, declined 5.4% in the recent quarter.

While J.Jill said it would temporarily suspend its outlook, it continued to guide for total capital expenditures of $20 million to $25 million in the current fiscal year, as well as new net store growth of one to five stores.

The company most recently guided for total capital expenditures of approximately $25 million, in line with analyst estimates, and new net store growth of five to 10 stores.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

June 11, 2025 07:09 ET (11:09 GMT)

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