J.Jill Withdraws Fiscal 2025 Guidance Citing Economic Headwinds And Leadership Change, Maintains $20M–$25M Capex And Plans 1–5 New Stores
Benzinga Newsdesk 1 year ago
EarningsNewsGuidance
OutlookGiven the increased uncertainty with respect to the macroeconomic environment, along with the Company's recent leadership transition, the Company is withdrawing its prior guidance for fiscal 2025 and is
Outlook
Given the increased uncertainty with respect to the macroeconomic environment, along with the Company's recent leadership transition, the Company is withdrawing its prior guidance for fiscal 2025 and is temporarily suspending its practice of providing forward guidance with the exception of total capital expenditures and net new store openings.
For the full year Fiscal 2025, the Company has updated its expectations for total capital expenditures and net new store openings to the following:
- Total capital expenditures of $20.0 million to $25.0 million
- New net store growth of 1 to 5 new stores
