J.Jill, Inc. Revenue Disclosure
4. Revenues
Disaggregation of Revenue
The Company sells its apparel and accessory merchandise through its Retail and Direct channels. The following table presents revenues disaggregated by revenue source (in thousands):
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For the Fiscal Year Ended |
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January 31, 2026 |
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February 1, 2025 |
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February 3, 2024 |
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Retail |
|
$ |
308,757 |
|
|
$ |
320,676 |
|
|
$ |
323,259 |
|
Direct |
|
|
287,792 |
|
|
|
290,181 |
|
|
|
284,784 |
|
Net sales |
|
$ |
596,549 |
|
|
$ |
610,857 |
|
|
$ |
608,043 |
|
Remaining Performance Obligations
As of January 31, 2026, the transaction price allocated to remaining performance obligations amount to $0.4 million, which relate to the marketing and promotion of the Company’s private label credit card program. This amount will be recognized as revenue evenly through January 2031.
Contract Liabilities
The Company recognizes a contract liability when it has received consideration from the customer and has a future obligation to the customer. Total contract liabilities consisted of the following (in thousands):
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January 31, 2026 |
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February 1, 2025 |
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Upfront payment (1) |
|
|
405 |
|
|
$ |
486 |
|
Unredeemed gift cards (2) |
|
|
7,370 |
|
|
|
7,003 |
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Total contract liabilities |
|
$ |
7,775 |
|
|
$ |
7,489 |
|
For Fiscal Years 2025, 2024 and 2023, the Company recognized approximately $12.5 million, $10.8 million, and $11.1 million, respectively, of revenue related to gift card redemptions and breakage. Revenue recognized consists of gift cards that were part of the unredeemed gift card balance at the beginning of the period as well as gift cards that were issued and redeemed during the period.
Practical Expedients and Policy Elections
The Company excludes from revenue all amounts collected from customers for sales taxes that are remitted to taxing authorities.
Shipping and handling activities that occur after control of related goods transfers to the customer are accounted for as fulfillment activities rather than assessing these activities as performance obligations.
The Company does not disclose the transaction price allocated to remaining performance obligations for contracts with customers that have an expected duration of one year or less. The Company applies the optional exemption to not disclose the transaction price allocated to remaining performance obligations where revenue represents sales-or-usage-based royalty. This optional exemption applies to royalty payments received from allowing a third party to use the J.Jill brand in providing a private label credit card to its customers through January 31, 2031. These royalties are based on an agreed-upon percentage of sales generated through the use of the private label credit card.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Mar 31, 2026 | Showing above |
| 2025 | Apr 1, 2025 | |
| 2024 | Apr 4, 2024 | |
| 2023 | Mar 30, 2023 | |
| 2022 | Apr 13, 2022 | |
| 2021 | Apr 12, 2021 | |
| 2020 | Jun 15, 2020 | |
| 2019 | Apr 8, 2019 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.