New York-based J.Crew Group Inc. posted operating income for the 13 weeks ended Oct. 30 of $13 million, compared to an operating loss of $6 million during the same period last year.
Consolidated revenues for the third quarter increased 36% to $206 million from $151 million last year. Retail sales increased by 35% to $154 million, compared to $114 million last year. Comparable store sales went up 30%. Online and catalog increased by 47% to $47 million, compared to $32 million last year, reportedly due to increased demand and new editions.
Net loss for the third quarter was $10 million, compared to a $24 million loss in the prior year.
Consolidated revenues for the 39 weeks ended Oct. 30 were $540 million compared to $479 million last year, a 13% jump. Retail sales increased by 19% to $397 million from $333 million, as comparable store sales went up 16%. Direct sales increased to $127 million from $125 million last year based on strong sales increases in the second and third quarters. The first quarter had a sales decline of $19 million resulting from reduced clearance sales and lower catalog circulation.
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