Investor Alert: Kaplan Fox Announces Investigation Of J.Jill, Inc.

NEW YORK, Oct. 13, 2017 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of J.Jill, Inc. ("J.Jill" or the "Company") (NYSE: JILL). 

On March 8, 2017, the Company sold 11,666,667 common stock shares at a price of $13 per share for gross proceeds of over $150 million.

On August 29, 2017, J.Jill reported its second quarter financial results, including that total net sales increased by 9.9% to $181.4 million in the second quarter of 2017.  Additionally, the Company provided its outlook for the third quarter of fiscal 2017, including its expectation for total comparable sales to increase in the "high single digits" and GAAP diluted earnings per share "expected in the range of $0.17 to $0.19 per share."  During the conference call held the same day, the Company represented it had been "a bit more promotional than our extremely strong record second quarter last year," and said that its inventories going forward were "fresh".  As a result of the promotions, a number of analysts commented that the Company's gross margins were "disappointing" or "below expectations."

Following this news, shares of J.Jill declined by $1.85 per share, or 15.8%, to close at $9.88 per share on August 29, 2017.

Then, on October 12, 2017, J.Jill announced an update to its third quarter 2017 guidance, including that it now expects total company comparable sales of -3% to -5% and GAAP diluted earnings per share of only $0.07 to $0.09 per share. 

Following the October 12, 2017 announcement of significant sales deceleration, J.Jill's shares plunged by $5.07 per share, or about 51%, to close at $4.86 per share, more than 62% lower than the IPO price of $13 per share.

If you are an investor in J.Jill and would like to discuss our investigation, please contact us by emailing [email protected] or by calling 800-290-1952. 

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.  If you have any questions about this Notice, the action, your rights, or your interests, please contact:

Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail: [email protected]

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
350 Sansome Street, Suite 400
San Francisco, California  94104
(415) 772-4700
Fax:  (415) 772-4707
E-mail: [email protected]

SOURCE Kaplan Fox & Kilsheimer LLP

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