J Crew Group Q3 revenues up 16 percent

J Crew Group announced financial results for the

three months and the nine months ended October 27, 2012. Revenues in the third quarter increased 16 percent to 555.8 million dollars, with comparable company sales increasing 10 percent. Comparable company sales increased 5 percent in the third quarter last year. Store sales increased 17 percent to 391.7 million dollars. Store sales increased 10 percent in the third quarter last year. Direct sales increased 13 percent to 156.8 million dollars following an increase of 18 percent in the third quarter last year.

For the first nine months ended October 27, 2012, its revenues increased 20 percent to 1,584.8 million dollars, with comparable company sales increasing 13 percent. Comparable company sales increased 2 percent in the first nine months of last year. Store sales increased 22 percent to 1,129.8 million dollars. Store sales increased 4 percent in the first nine months of last year. Direct sales increased 16 percent to 434.1 million dollars following an increase of 12 percent in the first nine months of last year.

On March 7, 2011, J Crew was acquired by investment funds affiliated with TPG Capital, L.P. and Leonard Green & Partners, L.P. Although the Company continued as the same legal entity after the acquisition, last year's financial statements were prepared for the following periods: (i) March 8, 2011 to October 29, 2011 (Successor) and (ii) January 30, 2011 to March 7, 2011 (Predecessor).

J Crew Group is a nationally recognized multi-channel retailer of women’s, men’s and children’s apparel, shoes and accessories. As of November 28, 2012, the Company operates 294 retail stores (including 241 J Crew retail stores, eight crewcuts stores and 45 Madewell stores) and 106 factory stores.