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Earnings Analysis: 
Borders Net Loss Rises, J Crew Drops
Author: Trupti Mehta
123jump.com
Last Update: 11:18 AM ET November 26 2008



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Borders Group revenues fell 9% to $693.4 million and net loss increased to $175.4 million. Coldwater Creek revenues fell 16% to $228.5 million and net loss was $1.3 million or 1 cent a share. J. Crew third quarter revenues rose 9% to $363.1 million and net income fell 29% to $19 million.

 
[R]11:15AM New York - Borders Group, Inc revenue fell 9% and net loss increased to $175.4 million. Coldwater Creek Inc revenue fell 16% and net loss was $1.3 million. J. Crew Group, Inc revenue rose 9% and net income fell 29%.[/R]

Borders Group, Inc the book, music and movie superstores said third quarter revenues fell 9% to $693.4 million from $765.2 million a year ago. Net loss in the quarter was $175.4 million or $2.90 per diluted share compared to net loss of $161.1 million or $2.74 per share a year ago.

Comparable same store sales fell 12.8%.

Borders Group, Inc (BGP: chart) in the last one year traded as high as $13.23 in December 2007 and as low as $0.72 in November 2008. Based on the yesterday’s closing price of $1.68 the company has market cap of $101.71 million.

Coldwater Creek Inc, a specialty retailer of women''s apparel said third quarter revenues fell 16% to $228.5 million from $271.2 million a year ago. Net loss in the quarter was $1.3 million or 1 cent per diluted share compared to net loss of $6.2 million or 7 cents per share a year ago.

Comparable same store sales fell 20.5%.

Coldwater Creek Inc (CWTR: chart) in the last one year traded as high as $8.66 in November 2007 and as low as $0.91 in November 2008. Based on the yesterday’s closing price of $1.53 the company has market cap of $139.40 million.

J. Crew Group, Inc, an apparel and accessories retailer said third quarter revenues rose 9% to $363.1 million from $332.7 million a year ago. Net income in the quarter fell 29% to $19 million or 30 cents per diluted share compared to net income of $26.8 million or 42 cents per share a year ago.

Comparable same store sales fell 3%.

J. Crew Group, Inc (JCG: chart) in the last one year traded as high as $51.96 in December 2007 and as low as $8.02 in November 2008. Based on the yesterday’s closing price of $11.05 the company has market cap of $689.88 million.
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Market data: BATS Exchange. Inc.

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