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Jones Apparel Group, Inc. Reports 2009 Fourth Quarter and Full Year Financial Results
37 minutes ago (PR Newswire)
Jones Apparel Group, Inc. today reported results for the fourth quarter and year ended December 31, 2009. Revenues for the fourth quarter of 2009 were $777 million, as compared with $847 million for the fourth quarter of 2008. Revenues for the full year 2009 were $3,327 million, as compared with $3,616 million for the full year 2008. The fourth quarter decrease in revenues of 8% was as anticipated and reflective of the overall economic conditions that continue to affect retail sales in general. Gross profit margin increased 480 basis points to 34.3% for the fourth quarter, reflecting the benefits of careful inventory management.
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| Market Capitalization: | 76B | | Price
/ Earnings: | 67.2 | | Price
/ Book: | 3.9 | | Net
Profit Margin (mrq): | 0.7% | | Price
To Free Cash Flow (mrq): | 29.8 | | Return
on Equity: | 2.4% | | Total
Debt / Equity: | 0.0 | | Dividend
Yield: | 1.9% |
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