Net income was $82.2 million compared to $85.9 million in the first nine months last year. Adjusted EBITDA increased to $294.4 million from $289.2 million in the first nine months last year. An explanation of the manner in which we use adjusted EBITDA and an associated reconciliation to GAAP measures.
J.Crew Group, Inc. announced financial results for the three and nine months ended November 2, 2013. Third Quarter highlights: Revenues increased 11% #
Balance Sheet highlights:
Cash and cash equivalents decreased to $77.9 million from $195.7 million at the end of the third quarter last year, which reflects a special dividend of $197.5 million that was paid in the fourth quarter last year.
J.Crew Group, Inc. announced financial results for the three and nine months ended November 2, 2013. Third Quarter highlights: Revenues increased 11% #
Total debt was $1,570 million, consisting of the senior secured term loan of $1,170 million, maturing in 2018, and the senior unsecured notes of $400 million, maturing in 2019; compared to $1,585 million at the end of the third quarter last year.
J.Crew Group, Inc. announced financial results for the three and nine months ended November 2, 2013. Third Quarter highlights: Revenues increased 11% #
Inventories were $418.4 million compared to $348.6 million at the end of the third quarter last year. Inventories and inventories per square foot increased 20% and 11%, respectively.
J.Crew Group, Inc. announced financial results for the three and nine months ended November 2, 2013. Third Quarter highlights: Revenues increased 11% #
About J.Crew Group, Inc.
J.Crew Group, Inc. is a nationally recognized multi-channel retailer of women's, men's and children's apparel, shoes and accessories. As of December 4, 2013, the Company operates 329 retail stores (including 256 J.Crew retail stores, eight crewcuts stores and 65 Madewell stores), jcrew.com, jcrewfactory.com, the J.Crew catalog, madewell.com, the Madewell catalog, and 121 factory stores.
J.Crew
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