J.Crew Group, Inc. announced financial results for the three and nine months ended November 2, 2013.
J.Crew Group, Inc. announced financial results for the three and nine months ended November 2, 2013.Third Quarter highlights:Revenues increased 11% #
Third Quarter highlights:
Revenues increased 11% to $618.8 million, with comparable company sales increasing 4%. When realigning last year to be consistent with the current year retail calendar, comparable company sales increased 5% on top of an increase of 10% in the third quarter last year. Store sales increased 7% to $420.2 million on top of an increase of 17% in the third quarter last year. Direct sales increased 21% to $189.8 million following an increase of 13% in the third quarter last year.
J.Crew Group, Inc. announced financial results for the three and nine months ended November 2, 2013.Third Quarter highlights:Revenues increased 11% #
Gross margin was 43.9% compared to 47.3% in the third quarter last year.
Selling, general and administrative expenses were flat to last year at $188.6 million, or 30.5% of revenues compared to 33.9% of revenues in the third quarter last year. This year reflects a decrease of $7 million in share-based and incentive compensation.
Operating income increased to $82.9 million, or 13.4% of revenues, from $74.5 million, or 13.4% of revenues, in the third quarter last year.
J.Crew Group, Inc. announced financial results for the three and nine months ended November 2, 2013.Third Quarter highlights:Revenues increased 11% #
Net income increased to $35.4 million from $33.2 million in the third quarter last year. Adjusted EBITDA increased to $110.4 million from $98.9 million in the third quarter last year. An explanation of the manner in which we use adjusted EBITDA and an associated reconciliation to GAAP measures are included in Exhibit (3).
J.Crew Group, Inc. announced financial results for the three and nine months ended November 2, 2013.Third Quarter highlights:Revenues increased 11% #
First Nine Months highlights:
Revenues increased 10% to $1,742.0 million, with comparable company sales increasing 3% (which was the same on a realigned basis) on top of an increase of 13% in the first nine months last year. Store sales increased 6% to $1,199.5 million on top of an increase of 22% in the first nine months last year. Direct sales increased 19% to $517.8 million following an increase of 16% in the first nine months last year.
J.Crew Group, Inc. announced financial results for the three and nine months ended November 2, 2013.Third Quarter highlights:Revenues increased 11% #
Gross margin was 43.3% compared to 46.7% in the first nine months last year. Selling, general and administrative expenses were $541.2 million, or 31.1% of revenues, compared to $527.4 million, or 33.3% of revenues, in the first nine months last year.
J.Crew Group, Inc. announced financial results for the three and nine months ended November 2, 2013.Third Quarter highlights:Revenues increased 11% #
This year reflects a decrease of $23 million in share-based and incentive compensation. Operating income was $212.3 million, or 12.2% of revenues, compared to $212.2 million, or 13.4% of revenues, in the first nine months last year. Net income was $82.2 million compared to $85.9 million in the first nine months last year.
J.Crew Group, Inc. announced financial results for the three and nine months ended November 2, 2013.Third Quarter highlights:Revenues increased 11% #
Adjusted EBITDA increased to $294.4 million from $289.2 million in the first nine months last year.
J.Crew Group, Inc. announced financial results for the three and nine months ended November 2, 2013.Third Quarter highlights:Revenues increased 11% #
J.Crew Group, Inc. announced financial results for the three and nine months ended November 2, 2013.Third Quarter highlights:Revenues increased 11% #
J.Crew Group