By  on August 26, 2010

A growing sense of caution about the second half led J. Crew Group Inc. to issue soft third-quarter guidance despite achieving an 87.6 percent leap in second-quarter profits.

Reporting after the close of the markets Thursday, the retailer said that based on a “different current environment,” which it called a “step down versus the first quarter,” it expects third-quarter EPS in the range of 55 cents to 60 cents, below analysts’ projections of 71 cents a share. Shares fell 7.2 percent in the first hours of after-market trading following a 0.7 percent decline Thursday to $33.43.

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