J. Jill shares are trading lower after by 18% during Thursday's session. The company announced the pricing of a public offering of 2 million shares of common stock at $31 per share.
J. Jill shares surge after reporting a first-quarter FY24 with a 7.5% sales growth to $161.51 million, surpassing the $154.92 million estimate. The company raised its FY24 sales growth guidance to 1%-3%, and adjusted EPS of $1.22 beat the $0.99 consensus.