J. Crew Revenue In The Two Quarter Was US $627 Million 200 Thousand, Net Profit Fell 38%

The high-end series has performed well in all sales channels. The second quarter earnings report of the US fashion brand J. Crew Group Inc. still shows that the net profit of the company has dropped by 38%, only 10 million 800 thousand dollars recorded, far from the 17 million 500 thousand US dollars in the same period last year.

From specific

In view of this, the company's revenue in the quarter was $627 million 200 thousand, or 12%, an increase of 4 percentage points over the previous year.

Store retail sales rose 11% to $443 million 500 thousand, and direct sales grew by 14% to $173 million 600 thousand.

The gross profit margin in the second quarter was 37.7%, down from 41.1% in the same period last year.

The low net profit is the increase in sales and general administrative expenses. The expenditure in this quarter amounted to 200 million US dollars, accounting for 32% of revenue.

The figure is $174 million, accounting for 31.2% of revenue.

Meanwhile, the company's operating income dropped from $55 million 800 thousand last year to $36 million this year, contributing only 5.7% of its total revenue.

Earnings before interest tax depreciation and amortization amounted to US $67 million 600 thousand, far below US $83 million in the same period last year.