Jos. A. Bank Clothiers Inc. used an aggressive promotional posture to overcome a hostile retail environment and post higher third-quarter profits that beat Wall Street’s expectations.
The men’s wear retailer’s net income for the quarter ended Nov. 1 increased 31 percent to $9.3 million, or 50 cents a diluted share, from $7.1 million, or 38 cents a share, last year. Sales in the quarter ended Nov. 1 rose 13.7 percent to $149.3 million from $131.3 million a year ago. On average, analysts tracked by Yahoo Finance expected earnings of 41 cents a share.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
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