By  on May 29, 2008

J. Crew Group reported increased first-quarter net income, with positive response to its seasonal offerings and qualityupgrades, but cut its full-year earnings outlook.

The specialty retailer on Thursday said net income rose 23.7 percent to $30.5 million, or 48 cents a diluted share, compared with $24.6 million, or 39 cents a diluted share, in the year-ago quarter.

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