Consolidated revenues for the thirty-nine weeks ended October 29, 2005 were $663 million compared to $541 million last year, a 23 Percent increase. Store sales increased 18 Percent to $469 million from $397 million last year; comparable store sales increased 16 Percent. Direct sales increased 37 Percent to $174 million
Gross margin for the thirty-nine weeks ended October 29, 2005 increased to 44 Percent compared to 41 Percent in the comparable period last year, due to lower markdowns across all channels and a decrease in buying and occupancy costs as a percentage of revenues.
Selling, general and administrative expenses increased to $226 million from $205 million last year, but decreased as a percentage of revenues to 34 Percent from 38 Percent.
Operating income for the thirty-nine week period was $65 million compared to $19 million last year, an improvement of $46 million while net income was $10 million, compared to a loss of $47 million last year.
There were no outstanding borrowings under the Company's working capital facility during the first nine months of 2004 or 2005.
Third Quarter Conference Call The Company will not hold a conference call regarding third quarter results.
J.Crew Group Inc is a fully integrated multi-channel specialty retailer of women's and men's apparel and accessories. J.Crew products are distributed through the Company's 158 retail and 45 factory stores.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
