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J. Crew beats expectations
28 Aug '09
3 min read
-- Net income was $39.1 million, or $0.61 per diluted share, compared to a net income of $48.6 million, or $0.76 per diluted share, in the first six months of fiscal 2008.
Balance Sheet highlights as of August 1, 2009:
-- Cash and cash equivalents were $204.3 million at the end of the second quarter compared to $113.4 million at the end of the second quarter of fiscal 2008.
-- Inventories at the end of the second quarter were $195.3 million compared to $197.8 million at the end of the second quarter of fiscal 2008. Inventory per square foot at the end of the second quarter decreased 11% compared to the end of the second quarter of fiscal 2008.
Balance Sheet highlights as of August 1, 2009:
-- Cash and cash equivalents were $204.3 million at the end of the second quarter compared to $113.4 million at the end of the second quarter of fiscal 2008.
-- Inventories at the end of the second quarter were $195.3 million compared to $197.8 million at the end of the second quarter of fiscal 2008. Inventory per square foot at the end of the second quarter decreased 11% compared to the end of the second quarter of fiscal 2008.
J Crew Group Inc
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