J. Crew Group, Inc. (JCG) Reports Fourth-Quarter Results
By Benzinga Staff
March 09, 2010 9:24 PM
March 09, 2010 9:24 PM
J. Crew Group, Inc. (NYSE: JCG) reported results for the fourth-quarter on Tuesday. The company reported better-than-expected results for the quarter, mainly due to tight inventory, and double-digit sales growth.
The company posted net income of $40.4 million, or $0.61 per share for the quarter, compared to loss of $13.5 million, or $0.22 per share for the same quarter last year. The company reported an increase of 19% in revenue to $460.6 million, aided by a 17% increase in same-store sales.
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