This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Joe’s Jeans Reports 33% Increase In Net Sales To $33.7 Million For The 4th Quarter Of Fiscal 2012

Joe’s Jeans Inc. (the “Company”) (NASDAQ: JOEZ) today announced financial results for the fourth quarter ended November 30, 2012. Highlights were:
  • Consolidated fourth quarter net sales increased 33% to $33.7 million;
  • Retail store net sales increased 18%;
  • Wholesale net sales increased 37%;
  • Retail same store sales increased 6%; and
  • Operating income increased to $3.2 million for the fourth quarter of fiscal 2012.

For the fourth quarter ended November 30, 2012, overall net sales were $33.7 million compared to $25.4 million in the prior year comparative period, or a 33% increase. Our overall gross profit for the quarter increased to $15.7 million from $11.7 million in the prior year comparative period, or a 34% increase. Our overall gross margin in the fourth quarter of fiscal 2012 was 47% compared to 46% in the fourth quarter of fiscal 2011. Operating expense in the fourth quarter of fiscal 2012 was $12.5 million compared to $11.8 million a year ago. Operating expense increased primarily as a result of increased costs related to operating six more stores since the end of our fourth quarter of fiscal 2011. We generated operating income of $3.2 million compared a loss of $131,000 in the prior year comparative period. Fully diluted earnings per share was $0.03 for the fourth quarter of fiscal 2012 compared to earnings per share of $0.00 in same period a year ago.

Marc Crossman, President and Chief Executive Officer, commented, “We are pleased with our results for the fourth quarter of fiscal 2012. We generated operating income across all four quarters in fiscal 2012, which resulted in an increase to our cash balance and enabled our ability to fund new store openings from cash flow from operations. In addition, the increases in our net sales and gross profits coupled with maintaining our operating expenses all contributed to and had a positive impact on our bottom line.”

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs