Financial reports: Sharper Image, J. Jill

Sharper Image June sales up 19%

There’s some question whether the economy has started to pick up, but at high-tech gadgets marketer The Sharper Image (Nasdaq: SHRP), business is clearly improving. The San Francisco-based cataloger/retailer reported a 19% rise in sales for fiscal June, to $33.1 million. Catalog sales climbed 18%, to $8.4 million from $7.1 million in June 2001. Internet sales rose 20%, to $3.9 million, while store sales increased 19%, to $20.7 million.

J. Jill raises 2Q estimates Women’s apparel cataloger/retailer J. Jill Group (Nasdaq: JILL) has great expectations. For starters, the Quincy, MA-based company announced that it projects second-quarter diluted earnings per share to be approximately $0.28-$0.30, at least twice the $0.14 per share it reported for the second quarter of 2001 and above the current consensus estimate of $0.18. It will report actual second-quarter results on July 24.

In addition, J. Jill expects sales to increase 15%-20% for the rest of the fiscal year. And it projects its diluted earning per share for fiscal 2002 to be $0.99-$1.03, up from $0.70 last year. All targets take into account last month’s 3-for-2 stock split.

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