J.Jill, Inc. (JILL) Q2 FY2026 earnings

Reported results

• Q2 FY2026 net sales increased 0.5% to $154.8 million versus $154.0 million in Q2 FY2025; comparable sales increased 0.5%
• Q2 FY2026 gross profit was $119.0 million (76.8% margin) versus $105.4 million (68.4% margin) in Q2 FY2025; excluding $13.3 million tariff refund, gross margin was 68.3%
• Q2 FY2026 operating income was $24.3 million (15.7% margin) versus $16.8 million (10.9% margin) in Q2 FY2025; non-GAAP adjusted income from operations was $27.1 million versus $19.6 million
• Q2 FY2026 net income was $16.8 million versus $10.5 million in Q2 FY2025; net income per diluted share was $1.11 versus $0.69; non-GAAP adjusted net income per diluted share was $1.24 versus $0.81
• Q2 FY2026 non-GAAP adjusted EBITDA was $32.8 million (21.2% margin) versus $25.6 million (16.6% margin) in Q2 FY2025
• Twenty-six weeks ended August 1, 2026: net sales decreased 2.7% to $299.3 million versus $307.6 million; net income was $21.5 million versus $22.2 million; net income per diluted share was $1.43 versus $1.45

Guidance

• Q3 FY2026: net sales expected up 3% to 5% versus FY2025; comparable sales expected up 1% to up 3%; gross margin expected flat versus FY2025; non-GAAP adjusted EBITDA expected $20.0 million to $22.0 million
• Full year FY2026: net sales expected flat to up 2% versus FY2025; comparable sales expected down 1% to up 1%; gross margin expected up 100 to 150 basis points; non-GAAP adjusted EBITDA expected $75 million to $80 million; free cash flow expected approximately $40 million; total capital expenditures expected $20 million to $25 million; net new store growth expected 1 to 3 stores

Notes

The company received a $13.3 million net IEEPA tariff refund in Q2 FY2026, which benefited both gross margin and operating results. The guidance includes deployment of tariff refunds toward marketing and brand investments split between Q3 and Q4. The company assumes a 10% to 12.5% average tariff rate for the remainder of FY2026, resulting in approximately $1.0 million of favorability compared to prior assumptions. Store count increased from 247 at end of Q2 FY2025 to 255 at end of Q2 FY2026 (net increase of 1 store in the twenty-six weeks ended August 1, 2026).

Price and volatility reaction

Source

The figures above come from the earnings release the company filed with the SEC on 2026-09-09 (8-K, Item 2.02). Read the original filing on sec.gov.