J.Jill Q2 FY26: Net Income Up 59% on $13.3M Tariff Refund; Cash Jumps to $76.9M
JILL has more than doubled off its 52-week low of $10.405 on elevated volume (10.0× avg).
Summary
J.Jill reported Q2 FY26 net income of $16.8M, up 59% year-over-year, boosted by a $13.3M tariff refund. Cash nearly doubled to $76.9M, and the company continued buybacks while the CFO disclosed a new 10b5-1 selling plan.
Key Events · Earnings and Guidance · JILL
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Q2 Net Income Up 59% on Tariff Refund
Net income rose to $16.8M from $10.5M a year ago, boosted by a $13.3M IEEPA tariff refund recognized in cost of goods sold. Excluding the refund, operating performance was roughly flat.
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Cash Nearly Doubles to $76.9M
Cash and cash equivalents jumped to $76.9M from $41.0M at fiscal year-end, driven by $48.0M in operating cash flow — up from $24.7M in the prior-year period.
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Tariff Refund Details Disclosed
The company submitted $18.4M in IEEPA refund claims in April 2026 and received approximately $19.0M including $0.6M interest. $13.3M was reflected in COGS with the remainder in interest income.
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Share Buybacks Continue
J.Jill repurchased 99,902 shares for $1.5M during Q2, with $11.8M remaining under its $25M authorization approved December 2024.
Analysis · JILL · Manufacturing
Second-quarter net income rose 59% to $16.8M, but the headline number is flattered by a one-time $13.3M tariff refund that flowed through cost of goods sold. Excluding that refund, operating performance was roughly flat — net sales grew just 0.5% while SG&A expenses climbed 6.9%. The balance sheet strengthened materially: cash nearly doubled to $76.9M from $41.0M at year-end, driven by $48.0M in operating cash flow. The company also repurchased 99,902 shares during the quarter and has $11.8M remaining on its buyback authorization. CFO Mark Webb disclosed a new 10b5-1 plan to sell up to 30,000 shares beginning September 21, 2026.
How filings like this one have moved
In the 30 days to Sep 9, 2026, 30% of the 1972 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.02%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, JILL was trading at $22.00 on NYSE in the Manufacturing sector, with a market capitalization of approximately $325M. The 52-week trading range was $10.41 to $23.48. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.