J. Crew Group (JCG) Beats Estimates, Raises Guidance

J. Crew Group Inc JCG announced on Thursday after the market closed that it beat consensus Wall Street estimates. J. Crew Group Inc reported that its 1st quarter earnings more than doubled to $44.7 million, or 68 cents per share, up from $20.4 million, or 32 cents per share, a year earlier. Revenue climbed 19.7% to $413.9 million, up from $345.8 million a year earlier. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 57 cents per share. J. Crew Group Inc raised its full-year earning guidance to a range of $2.35 to $2.45 per share, up from the previous guidance of $2.20 and $2.30 per share.