Home / Knowledge / News / Apparel/Garments / J.Crew Q1 net income jumps 14% on higher sales

J.Crew Q1 net income jumps 14% on higher sales

Jun '06
Apparel retailer J.Crew Group Inc has announced its financial results for the first quarter ended April 29th 2006.

Consolidated revenues for the thirteen weeks ended April 29th 2006 increased by 14 percent to $240 million from $211 million last year.

Stores sales (Retail and Factory) for the first quarter of 2006 increased by 15 percent to $167 million, with comparable store sales up 12 percent. Comparable store sales for the first quarter of 2005 were up 37 percent. Direct sales (Internet and Catalog) for the first quarter of 2006 increased by 12 percent to $66 million.

Gross margin was 45 percent in the 2006 first quarter compared to 46 percent in 2005. Selling, general and administrative expenses were $81 million (34 percent of revenues) in the 2006 first quarter compared to $74 million (35 percent of revenues) in 2005. Interest expense was up $2 million in 2006 primarily as a result of an increase in non-cash preferred stock dividends.

Operating income increased by $5 million to $28 million in the 2006 first quarter while net income was $8 million compared to $5 million last year.

There were no outstanding borrowings under the company's working capital facility during the first quarters of 2005 and 2006.

J.Crew Group Inc is a nationally recognized multi-channel retailer of women's and men's apparel, shoes and accessories. It operates 164 retail stores, the J.Crew catalog business, jcrew.com, and 45 factory outlet stores.

J.Crew Group Inc

Must ReadView All

Pic: Shutterstock

Textiles | On 25th Feb 2020

US surpasses China as India's biggest trading partner

The United States has surpassed China to become India's top trading...

Pic: Shutterstock

Textiles | On 25th Feb 2020

Coronavirus may shift buyers to Turkey, fuel cotton growth

The coronavirus outbreak will cause a possible shrinking of China's...

Pic: Shutterstock

Apparel/Garments | On 25th Feb 2020

Tough for Vietnamese firms to follow EVFTA rules of origin

Though Vietnamese textile and garment firms are aware of the...

Interviews View All

C. Dhandayuthapani, Mag Solvics Pvt. Ltd

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Top executives, Textile industry

Top executives
Textile industry

Denimsandjeans India 2018

Lucilla Booyzen,

Lucilla Booyzen

South African Fashion Week (SAFW) is a B2B marketing platform for fashion, ...

Zennure Danisman,

Zennure Danisman

Since its inception in 1953, Orta Anadolu has been weaving a denim...

Christiane Thies,

Christiane Thies

Founded in 1892, Thies has concentrated on the fabrication of high-quality ...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Robert Brunner, Devereux

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

February 2020

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

Advanced Search