J. Jill, Cabela's Have Rough Q3

Share this content:
The third quarter proved challenging for multichannel merchants The J. Jill Group Inc. and Cabela's Inc., which both reported results yesterday.


Women's apparel marketer J. Jill posted an 8.5 percent increase in net sales for the third quarter ended Sept. 24 for a total of $103 million. However, the company took a net loss for the quarter of $2.7 million, or 13 cents per diluted share, both of which were essentially equal to the prior-year quarter, according to a statement from J. Jill, Quincy, MA.


"Net sales in our retail segment are growing primarily as a result of opening more stores -- our year-to-date comparable store sales are basically flat to last year," J. Jill president/CEO Gordon R. Cooke said in the statement. "Net sales in the direct segment continue to decline driven by circulation decreases that are not generating improved sales productivity -- our year-to-date sales productivity per 1,000 square inches circulated is virtually unchanged from last year despite circulation reductions in excess of 20 percent."


For the nine months ended Sept. 24, J. Jill recorded total net sales of $318.8 million compared with $315.4 million last year. The company posted a net loss for the nine months of $1.5 million, or 8 cents per diluted share, versus net income of $6.1 million, or 30 cents per diluted share, in the previous year.


Hunting, fishing and outdoors gear marketer Cabela's, Sidney, NE, said revenue for its fiscal third quarter ended Oct. 1 totaled $429.8 million, a 12 percent gain over last year. However, same-store sales decreased 8.7 percent and direct revenue was similar to last year at $220.2 million.


"Our third-quarter revenues were primarily impacted by higher fuel prices and the recent hurricanes, both of which affected our consumers' buying patterns," Cabela's president/CEO Dennis Highby said in a statement.


In addition, Cabela's third-quarter net income was $16.3 million, or 25 cents per diluted share, compared with $16.5 million or 25 cents per diluted share for the same period last year. Net income was hurt by the timing of promotional events, additional store pre-opening expenses and increased fuel prices, according to the statement.


Revenue for the nine months ended Oct. 1 totaled $1.124 billion, a 15.1 percent gain over last year. Net income during the same period increased 13.3 percent to $30.1 million, or 45 cents per diluted share.


Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here