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J.Crew Group Q3 total revenues decreased 6%

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J.Crew Group
J.Crew Group   Total revenues were $619.4 million

J.Crew Group announced financial results for the third quarter of fiscal 2015. Total revenues decreased 6% to $619.4 million.

Comparable company sales decreased 11% following a decrease of 2% in the third quarter last year.

J.Crew sales decreased 9% to $526.9 million. J.Crew comparable sales decreased 12% following a decrease of 3% in the third quarter last year.

Madewell sales increased 14% to $78.7 million. Madewell comparable sales increased 1% following an increase of 13% in the third quarter last year.

Gross margin was 38.6% compared to 40.2% in the third quarter last year.

Selling, general and administrative expenses were $201.8 million, or 32.6% of revenues, compared to $215.7 million, or 32.9% of revenues in the third quarter last year.

Operating loss was $808.5 million compared to $636.3 million in the third quarter last year. Both this year and last year reflect the impact of pre-tax, non-cash impairment charges of $845.9 million and $684.0 million, respectively.

Net loss was $759.7 million compared to $607.8 million in the third quarter last year.

Adjusted EBITDA was $73.6 million compared to $80.9 million in the third quarter last year.


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