By  on June 5, 2008

NEW YORK — It was a good quarter for Jos. A. Bank Clothiers which managed to drive up both sales and profits in the first quarter.

Net income grew 17.6 percent to $9.8 million, or 53 cents a diluted share, from $8.4 million, or 45 cents, a year ago.

Earnings per share handily beat analysts’ estimates, which Yahoo Finance pegged at 46 cents a share.

Sales for the three months ended May 3 increased 12.3 percent to $145.4 million from $129.5 million. Comparable-store sales rose 6.4 percent.

Shares rose 11.39 percent to $30.31 onthe New York Stock Exchange.

The company will host a conference call this morning to discuss the results.

To access this article, click here to subscribe or to log in.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus