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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)