J. Crew Group (JCG): Shares cycling in positive trading channel

Filed under: Earnings reports, Gap Inc (GPS), Abercrombie and Fitch (ANF), Technical Analysis, Stocks to Buy

J. Crew Group (NYSE: JCG) is a multi-channel retailer of women's and men's apparel, shoes and accessories. Known for its preppy fashions, the firm targets young professionals through 203 retail stores, a catalog business, a Web site and 63 factory outlet stores. Asian contractors produce about eighty percent of the company's merchandise. Competitors include Gap (NYSE: GPS) and Abercrombie and Fitch (NYSE: ANF).

The company pleased investors last month, when it reported Q4 EPS of 41 cents (ex-items). That topped the average Street estimate by two cents. Revenues rose 53.5% (yr/yr) to $399.9 million ($400.9M consensus). Gross margins improved 50 basis points to 41.3% and operating margins increased 60 basis points to 10.8%. Management guided FY09 EPS to $1.85-$1.87, versus consensus of $1.83.

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