J. Crew (JCG) Slammed on Disappointing Results and Guidance
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Shares of J. Crew Group, Inc. (NYSE: JCG) are down over 7% to $24.66 in after-hours trading Tuesday following disappointing results and guidance.
J. Crew Group reported Q2 EPS of $0.28, 4 cents lower than the analyst estimate of $0.32. Revenues for the quarter were $336.3 million, versus the consensus of $337.86 million.
J. Crew sees Q3 EPS of $0.28-$0.33, versus the consensus of $0.46. The compny lowered its FY09 EPS estimate from $1.70-$1.75 to $1.44-$1.54, versus the consensus of $1.71. The company cited the disruption to their Direct business, as well as the continued softness in our Stores business due to the macro economic environment.
J. Crew Group, Inc. operates as a multi-channel specialty retailer of women's, men's, and children's apparel and accessories in the United States.
J. Crew Group reported Q2 EPS of $0.28, 4 cents lower than the analyst estimate of $0.32. Revenues for the quarter were $336.3 million, versus the consensus of $337.86 million.
J. Crew sees Q3 EPS of $0.28-$0.33, versus the consensus of $0.46. The compny lowered its FY09 EPS estimate from $1.70-$1.75 to $1.44-$1.54, versus the consensus of $1.71. The company cited the disruption to their Direct business, as well as the continued softness in our Stores business due to the macro economic environment.
J. Crew Group, Inc. operates as a multi-channel specialty retailer of women's, men's, and children's apparel and accessories in the United States.
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