J.Jill CEO Spofford to retire Apr 2025; Q3 net income up to $12.3M, EPS $0.80; board authorizes $25M buyback

J.Jill, Inc.

CEO Claire Spofford to retire effective April 15, 2025; will remain in role until then; executive search firm retained to find successor; retirement not due to disagreement.
Q3 FY2024 net sales $151.3M (+0.3% YoY), gross margin 71.4% (down 60bps), operating income $19.2M (down from $22.1M), net income $12.3M (up from $11.6M), diluted EPS $0.80 (flat).
Adjusted diluted EPS $0.89 (up from $0.83); Adjusted EBITDA $26.8M (down from $28.6M); comparable sales down 0.8% including ~50bps hurricane impact.
Board approved $25M share repurchase program over two years; company ended Q3 with $38.8M cash and $61.7M inventory.
Entered consulting agreement with Elm Street (owned by former director Jim Scully) for $200K upfront + $300K monthly through Jun 2025; option to purchase 100K shares.

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