J.Jill Reports Q2 Earnings with Analyst Upgrades and One-Time Refund Impact
On September 9, 2026, J.Jill (NYSE:JILL) reported second-quarter fiscal results showing a modest sales increase to $154.8 million and significant improvements in adjusted earnings per share ($1.24 vs. $0.81). Adjusted EBITDA rose to $32.8 million from $25.6 million, driven largely by an unexpected $13.3 million tariff refund that boosted gross margins. Four analysts raised their price targets for JILL despite the one-time benefit inflating earnings figures. BTIG and Jefferies upgraded their ratings with higher targets to $25 each while maintaining Buy recommendations. TD Cowen increased its target slightly, keeping a Hold rating, whereas Telsey Advisory remained cautious but optimistic. However, underlying financial metrics showed no significant improvement in core gross margins or store sales performance. Store revenue declined 0.7%, and SG&A expenses rose due to new-store costs and marketing efforts.
