UPDATE: Jos. A. Bank FQ2 Profit Up 13%
Jos. A. Bank Clothiers (NASDAQ: JOSB) reported a 13% rise in its fiscal second-quarter profit.
Jos. A. Bank's quarterly profit climbed to $23.2 million, or $0.83 per share, versus $20.6 million, or $0.74 per share, in the year-ago period.
Its sales rose 13% to $260.3 million. However, analysts were expecting earnings of $0.73 per share on revenue of $251 million.
Jos. A. Bank's direct marketing sales surged 39%, while same-store sales gained 6.1%. Its gross margin declined to 58.7% from 62.4%.
Jos. A. Bank shares gained 3.51% to close at $41.63 yesterday.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.