Pet Retailer Leads the Pack on Solid Earnings

A specialty retailer is losing its shine after a 30% plunge in profits. Meanwhile, a rising tech player doubled earnings, and a pet care platform just delivered upbeat sales and cash flow to keep tails wagging. Let’s take a look at what’s driving the action.

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J.Jill (NYSE: JILL) reported first-quarter earnings of $0.76 per share, down from $1.16 a year earlier, as net income declined 30% to $11.7 million. Revenue for the quarter dropped 4.9% to $153.6 million, missing expectations amid softer consumer demand and a decline in direct-to-consumer sales.

Comparable sales fell 5.7%, while gross profit declined to $110.4 million. Operating income dropped to $19.1 million from $28.4 million in the same period last year, with the company citing macroeconomic uncertainty and a $2-million system-related headwind.

New CEO Mary Ellen Coyne, who joined in early May, said she remains optimistic about the company’s fundamentals but acknowledged the need to recalibrate in a challenging retail environment. The company suspended full-year guidance as part of a broader strategic reset.

J.Jill ended the quarter with $31.2 million in cash and $60.6 million in inventory. It repurchased $3.5 million in stock during the period and maintained its $0.08 per share dividend.

Shares are under pressure, down almost 11% in premarket trading, as investors digest the profit decline and lack of forward visibility.

Cognyte Software (NASDAQ: CGNT) delivered a strong start to fiscal 2026, reporting first-quarter revenue of $95.5 million, a 15.5% increase from the same period last year. The investigative analytics firm swung to a net profit of $100,000, compared to a $3.6 million loss in Q1 2025.

GAAP operating income reached $2.2 million, up from a loss a year earlier, while non-GAAP operating income more than quadrupled to $7.6 million. Adjusted EBITDA more than doubled to $10.3 million, as improved margins and software license growth drove profitability.

Cognyte credited its momentum to continued demand for AI-powered investigative tools and expanded deployments. The company closed a $9-million share repurchase during the quarter and ended with over $102 million in cash.

Looking ahead, Cognyte lifted its full-year forecast to reflect its recent acquisition of cyber intelligence firm GroupSense. Management now expects $395 million in revenue, representing 13% growth, and a 50% increase in adjusted EBITDA.

Shares are trading modestly lower in premarket.

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Chewy (NYSE: CHWY) reported first-quarter fiscal 2025 results that topped expectations, with net sales rising 8.3% year-over-year to $3.12 billion, above the high end of its guidance. The online pet supply retailer also posted net income of $62.4 million, with adjusted net income up 9% to $148.9 million.

Adjusted EBITDA climbed to $192.7 million, marking a $29.8 million year-over-year increase. Gross margin ticked slightly lower by 10 basis points to 29.6%, while net margin fell 30 basis points to 2.0%. Still, adjusted EBITDA margin rose 50 basis points to 6.2%, signaling improved operational efficiency.

CEO Sumit Singh emphasized growing market share, strong customer retention, and the resilience of pet category demand as drivers of performance. Diluted EPS came in at $0.15, flat year-over-year, but adjusted diluted EPS rose to $0.35, a $0.04 improvement.

Chewy's early momentum in fiscal 2025 highlights its strong position in the e-commerce pet segment. Despite the relatively good news, shares are down in premarket trading, as investors weigh solid fundamentals against recent market volatility.

AbCellera is climbing 12.25% in premarket trading after highlighting progress on its antibody discovery partnerships and doubling down on long-term collaborations with major pharmaceutical players.

The company’s AI-driven platform continues to attract attention in the biotech world, and new wins have helped revive optimism after a tough 12-month stretch.

Quantum Computing is up 9.72% in premarket as excitement builds around its high-performance quantum computing solutions and growing commercial applications across AI and machine learning.

With shares up more than 2500% in the past year, the company has transformed into a speculative favorite in the quantum tech space.

Solid Power is gaining 14.72% in premarket after announcing progress on internal testing of its solid-state EV batteries, alongside patent updates that signal technical advances.

The company remains a popular pick among early-stage battery tech names, with backing from Ford and BMW fueling long-term potential.

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That’s all for today. Thank you for reading. If you have any feedback, please reply to this email.

Best Regards,

— Adam Garcia
Elite Trade Club

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