UPDATE: Jos. A. Bank Posts Drop In Q4 Profit
Jos. A. Bank Clothiers (NASDAQ: JOSB) reported a drop in its fiscal fourth-quarter profit.
Jos. A. Bank's quarterly profit dropped to $27.4 million, or $0.98 per share, versus a year-ago profit of $28.4 million, $1.01 per share. Excluding special items, it earned $1.07 per share. The company in February projected adjusted earnings of $1.04 to $1.10 per share.
Its sales gained to $356 million, while comparable-brand sales climbed 1.8%.
Jos. A. Bank shares gained 0.16% to $64.46 at 10:30 a.m. ET.
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