J. Crew Group Inc. estimated full-year earnings would be in line with Wall Street estimates but reduced sales expectations for the fourth quarter, according to a regulatory filing with the Securities and Exchange Commission released Thursday.
The apparel retailer, which is expected to be acquired by TPG Capital and Leonard Green & Partners for $3 billion, anticipates annual earnings of $2.08 to $2.13 a share. Analysts were looking for EPS of $2.11, Yahoo Finance said.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"