Jos. A. Bank Clothiers Inc. said Thursday that earnings for the second-quarter ended Aug. 3 are expected to be between 49 cents and 53 cents a diluted share. That’s compared with 83 cents earned in the same quarter a year ago and lower than Wall Street’s consensus estimate of 68 cents.
R. Neal Black, president and chief executive officer, said, “While our total sales declined in the second quarter of fiscal 2013, we achieved stability in our gross profit margin rate. Specifically, our gross profit margin rate increased in both the fiscal months of June and July and the overall rate for the second quarter is expected to increase slightly from last year.”
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"