Home / Knowledge / News / Apparel/Garments / Retailer J Crew sales up 11.3% in two months to Oct 5
Retailer J Crew sales up 11.3% in two months to Oct 5
28
Oct '13
In connection with the proposed private bond offering by its indirect parent, J. Crew Group, Inc. (the "Company") announced the following information:

Selected Financial Information

Based on the Company's unaudited preliminary interim financial statements for the two months ended October 5, 2013:

- Revenues increased $42.9 million, or 11.3%, to $422.3 million from $379.4 million last year;

- Comparable company sales increased 4.3%; and

- Direct net sales increased 20.7%.

Prospective Financial Information

The Company's third quarter ending November 2, 2013 is not yet complete.  However, the Company has included estimated guidance for certain prospective financial information, which is based on (i) the unaudited preliminary interim results of the first two months of the third quarter and (ii) the Company's estimated results of the last month of the third quarter. 

These estimates, which consist entirely of forward-looking statements, represent management's forecast as of today, and are subject to the completion of the quarter and adjustments resulting from the financial close process. These estimates are not necessarily indicative of operating results for any future quarter or results for the full year, and actual results may differ materially.

The Company's estimates of certain prospective financial information for the third quarter ending November 2, 2013 are as follows:

- Revenues are estimated to increase in the range of high-single to low-double digits from $555.8 million last year;

- Comparable company sales are estimated to increase in the mid-single digits range, after an increase of 10.4% in the third quarter last year;

- Direct net sales are estimated to increase in the high-teens from $156.8 million last year; and

- Adjusted EBITDA is estimated to be up slightly from $98.9 million last year.

In addition, capital expenditures are planned to be approximately $135 to $145 million in fiscal 2013. The Company expects to release the results of its third quarter in early December 2013.

J. Crew Group, Inc. is an internationally recognized multi-channel retailer of women's, men's and children's apparel and accessories.  As of October 5, 2013 the Company operates 313 retail stores (including 245 J.Crew retail stores, eight crewcuts stores and 60 Madewell stores), jcrew.com, jcrewfactory.com, the J.Crew catalog, madewell.com, the Madewell catalog, and 114 factory stores.

J Crew

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search