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 NEW YORK (AP) - Preppy retailer J. Crew Group Inc. on Thursday reported a wider loss from a year ago, weighed down by charges in its first quarterly financial filing since going public in June.
New York-based J. Crew said it had a loss of $2.76 million, or 8 cents per share, after paying preferred dividends to stockholders in its fiscal second quarter. That compares with a loss of $1.63 million, or 7 cents per share, in the year-ago period.
Excluding $10 million in costs associated with the refinancing of debt, J. Crew would have reported a profit of $13.3 million, or 21 cents per share. That beat expectations of analysts surveyed by Thomson Financial, who on that basis had expected 17 cents per share on sales of $265 million.
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