Double-digit increases in same-store sales within its own retail network helped Joe’s Jeans Inc. post double-digit gains in its second-quarter profits and sales and improvement in its gross margin.
In the three months ended May 31, the Los Angeles-based premium jeans firm recorded net income of $1.4 million, or 2 cents a diluted share, 88.8 percent above the year-ago mark of $751,000, or 1 cent a share. Revenues advanced 16 percent to $28.6 million, from $24.7 million in the comparable 2011 period, while gross margin grew to 47.3 percent of sales from 46.6 percent in last year’s quarter.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"