J.Jill, Inc. announced its financial results for the fourth quarter and full fiscal year ended February 1, 2025. For Q4 FY24, net sales were $142.8 million, and for the full year, net sales reached $610.9 million, marking a 0.5% increase compared to fiscal year 2023. The gross margin for Q4 was 66.3%, while the full-year gross margin stood at 70.4%.
The company's Board of Directors declared a quarterly cash dividend of $0.08 per share, representing a 14.3% increase over the previous dividend, equating to an annualized rate of $0.32 per common share. J.Jill also reported repurchasing 19,831 shares of common stock in the fourth quarter of fiscal 2024, with $24.5 million remaining under its $25.0 million share repurchase authorization.
For the first quarter of fiscal 2025, J.Jill expects net sales to decline by 1% to 4% and comparable sales to decrease by 2% to 5%. The full fiscal year 2025 outlook projects net sales to be up 1% to 3%, with Adjusted EBITDA in the range of $101.0 million to $106.0 million. The company plans for 5 to 10 net new store openings and approximately $25.0 million in total capital expenditures for FY25.
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