J.Jill stock plunges after slashing 2024 outlook due to shifting consumer behavior
J.Jill Inc. saw its shares drop sharply by 10% to $29.08 in early trading after cutting its financial outlook for fiscal year 2024. The stock, while still up 13% on the year, reacted negatively to the company’s revised guidance, which now expects flat to 1% sales growth compared to the previous expectation of a 1% […]