J.Jill has reaffirmed its fourth quarter and full year 2023 guidance in advance of its presentation and investor meetings at the 26th annual ICR Conference. For the fourth quarter of fiscal 2023, the company continues to expect revenues to be approximately flat compared to the fourth quarter of fiscal 2022, and for adjusted EBITDA to be in the range of $11.0 million and $13.0 million.For fiscal 2023, the company continues to expect adjusted EBITDA dollars to be down in the low-single digits compared to fiscal 2022.
J.Jill reaffirms its fourth quarter and fiscal 2023 guidance, anticipating flat revenues in Q4 compared to 2022 and adjusted EBITDA ranging between $11 million and $13 million.
For 2023, adjusted EBITDA is expected to decrease in the low-single digits compared to 2022.
The outlook incorporates nearly $2.0 million of benefit from the 53rd week in 2023.
The fourth quarter and full year adjusted EBITDA outlook includes approximately $2.0 million of benefit from the 53rd week in fiscal 2023, the company said in a press release.
Fibre2Fashion News Desk (RR)
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