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J.Crew Group revenues increased 12%

Staff writer ▼ | September 8, 2014
J.Crew Group announced financial results for the second quarter and first half of fiscal 2014. Revenues increased 12% to $627.2 million, with comparable company sales increasing 4%.
J.Crew Group
Second quarter   $627.2 million at J.Crew
Comparable company sales decreased 1% in the second quarter last year. Store sales increased 11% to $443.5 million on top of an increase of 4% in the second quarter last year. Direct sales increased 14% to $173.6 million following an increase of 13% in the second quarter last year.

Gross margin was 37.7% compared to 41.1% in the second quarter last year.

Selling, general and administrative expenses were $200.7 million, or 32.0% of revenues, compared to $174.2 million, or 31.2% of revenues in the second quarter last year.

Operating income was $36.0 million, or 5.7% of revenues, compared to $55.8 million, or 10.0% of revenues, in the second quarter last year.

Net income was $10.8 million compared to $17.5 million in the second quarter last year.

Adjusted EBITDA was $67.6 million compared to $83.0 million in the second quarter last year.


 

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