September 26, 2016 8:52 AM ET

Specialty Retail

Company Overview of J. Crew Group, Inc.

Company Overview

J.Crew Group, Inc. operates as a multi-brand apparel and accessories retailer in the United States, Canada, the United Kingdom, Hong Kong, and France. The company designs, markets, and sells an assortment of women’s and men’s apparel and accessories, including outerwear, suiting, casual attire, wedding and bridesmaids dresses, swimwear, shoes, handbags, belts, socks, jewelry, and others, as well as casual T-shirts, denims, hand-embellished sweaters and coats, Italian cashmere, limited edition prints and patterns, and vintage inspired details under the J.Crew brand. It also offers a product assortment of apparel and accessories for the children’s market from infant to children’s size 14 under...

770 Broadway

New York, NY 10003

United States

Founded in 1983

5,600 Employees

Phone:

212-209-2500

Key Executives for J. Crew Group, Inc.

Chairman of the Board and Chief Executive Officer
Age: 71
President and Executive Creative Director
Age: 48
President, Chief Financial Officer and Chief Operating Officer
Age: 50
President of J. Crew Brand
Age: 43
Chief Accounting Officer, Vice President and Corporate Controller
Age: 36
Compensation as of Fiscal Year 2016.

J. Crew Group, Inc. Key Developments

J. Crew Group, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 30, 2016; Provides Capital Expenditure Guidance for the Full Year 2016

J. Crew Group, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended July 30, 2016. For the second quarter, the company reported total revenues decreased 4% to $569.8 million. Operating income was $6.7 million compared to $2.6 million in the second quarter last year. Operating income in the second quarter last year includes a charge of $4.5 million for severance and related costs associated with workforce reduction in June 2015 and pre-tax, non-cash impairment charges of $1.0 million. Net loss was $8.6 million compared to $13.6 million in the second quarter last year. Adjusted EBITDA was $38.3 million compared to $41.0 million in the second quarter last year. Loss before income taxes was $13.9 million compared to $14.9 million in the second quarter last year. EBITDA was $35.9 million compared to $31.8 million a year ago. Cash flows from operating activities was $16.1 million compared to $17.0 million a year ago. Capital expenditures for the second quarter were $17 million. For the first half of 2016, the company reported total revenues decreased 3% to $1,137.3 million. Operating income was $14.0 million compared with an operating loss of $518.0 million in the first half last year. Operating income this year includes pre-tax, non-cash impairment charges of $5.4 million. The operating loss last year includes pre-tax, non-cash impairment charges of $534.4 million and a charge of $4.5 million for severance and related costs associated with workforce reduction in June 2015. Net loss was $16.7 million compared to $476.0 million in the first half last year. The net losses reflect the impact of non-cash impairment charges. Adjusted EBITDA was $83.7 million compared to $85.8 million in the first half last year. Loss before income taxes was $24.84 million compared to $552.78 million a year ago. EBITDA was $72.4 million compared to LBITDA of $459.8 million a year ago. Cash flows from operating activities was $5.5 million compared to $12.1 million a year ago. For the full year 2016, the company expects capital expenditures in the range of $90 million to $100 million.

J. Crew Group, Inc. to Report Q2, 2017 Results on Aug 31, 2016

J. Crew Group, Inc. announced that they will report Q2, 2017 results at 9:00 PM, GMT Standard Time on Aug 31, 2016

J. Crew Group, Inc., Q2 2017 Earnings Call, Aug 31, 2016

J. Crew Group, Inc., Q2 2017 Earnings Call, Aug 31, 2016

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