Joe Bank Earns 85 Cents a Share

I was wrong about JoS. A. Bank Clothiers (JOSB). I was expecting the company to beat earnings by four cents per share. Instead, they beat by 14 cents per share. I’ll try to do better next time:

Clothing maker JoS. A. Bank Clothiers Inc. said Wednesday its fiscal first-quarter net income rose 38 percent as revenue improved.
Net income for the quarter ended May 2 rose to $15.8 million, or 85 cents per share, from $11.5 million, or 62 cents per share, last year.
Revenue rose 10 percent to $178.1 million from $161.9 million from last year.
Analysts polled by Thomson Reuters, on average, predicted a profit of 71 cents per share on revenue of $175.3 million.
Revenue in stores open at least one year, a key measure of a retailer’s financial health, rose 10.4 percent.
JoS. A. Bank operates 479 stores in 42 states and the District of Columbia.

Posted by on June 2nd, 2010 at 9:47 am


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