J. Jill (NYSE:JILL) boosted its outlook for the fourth quarter after reporting a better-than-expected close to the holiday shopping period.
The retailer’s shares jumped about 6% in premarket trading on Monday following the announcement.
J. Jill now projects adjusted EBITDA for the fourth quarter in the range of $5.0 million to $6.0 million, compared with its earlier guidance of $3.0 million to $5.0 million.
The company also narrowed its comparable sales forecast for the quarter, now expecting a decline of between 6% and 8%, an improvement from its previous outlook of a 6.5% to 8.5% drop.
For the full year, J. Jill left its comparable sales guidance unchanged at a 4% decline but increased its adjusted EBITDA forecast to $82.0 million to $83.0 million, up from the prior range of $80.0 million to $82.0 million.
The revised outlook was issued ahead of the company’s planned fireside chat and a series of investor meetings at the 28th Annual ICR Conference.