J. Crew Group Inc.  (JCG) Trade Now »     Rate JCG  -  Discuss JCG  -  Add to Watch List        

Volume today is around 11.5 million shares, which is almost triple the daily average of 4.1 million.

Third-Quarter Results

Sales were up 75% from last year to $64.7 million. Earnings also came in strong at 28 cents per share, 12 cents ahead of the Zacks Consensus Estimate. The company has beat in each of the last 3 quarters by an average of 82%.

The company said noted its cash balance increased 23% from last year to $45.9 million, while its stockholder equity was up 18% to $123.7 million.

Bullish Guidance

For Immediate Release

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Company Description

J. Crew Group, Inc. operates as a high-end specialty retailer for men, woman and children in the United States. The company was incorporated in 1988 and has a market cap $2.7 billion.

Shares of JCG are up more than 300% over the last 7 months, helped by the overall market and better than expected second-quarter results, reported on Aug 27.

Second-Quarter Results

After the public learned that the Obama girls wore J. Crew-designed coats for their father’s inauguration, the company enjoyed what became known as “the Obama bump.”  Sales soared – especially after the company crowed about its connection to the First Family – and online traffic spiked so high that the company’s web site crashed.

The “Obama bump” no doubt contributed to J. Crew’s (JCG) decision to reward Jenna Lyons Mazeau (who’s often referred to as “Jenna Lyons”), the company’s Creative Director for its women’s clothing.