J. Crew Group Posts Drop In Q2 Profit

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J. Crew Group reported a 38% drop in its second-quarter profit.J. Crew posted a quarterly profit of $10.8 million, versus a year-ago profit of $17.5 million.Its revenue surged 12% to $627.2 million.The retailer's same-store sales increased 4% in the quarter.J. Crew opened 2 stores in Hong Kong in May.

27% profits every 20 days?

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