JoS. A. Bank Posts 40% Profit Surge

JoS. A. Bank Clothiers posts a 40% surge in second-quarter profit on higher sales.
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HAMPSTEAD, MD. (

TheStreet

) -- Is menswear weathering the economic storm better than women's?

That's certainly the impression from the latest quarterly report from

JoS. A. Bank Clothiers

(JOSB)

, which posted a 40% surge in second-quarter profit on actual increased sales.

Shares of the company were up 3% to $44 in pre-market trading.

During the quarter, the company earned $12.5 million, or 68 cents a share, compared with $8.9 million, or 48 cents, in the year-ago period. Analysts expected a profit of 54 cents a share.

Sales grew 10% to $167.7 million from $152.7 million, while same-store sales increased 6.2%.

Last week a string of

women's retailers reported disappointing second-quarter results

.

New York & Company

(NWY)

,

Coldwater Creek

(CWTR)

and

AnnTaylor Stores

(ANN)

all reported a loss in the quarter.

The only standout was

Chico's FAS

(CHS) - Get Report

, which saw both profits and earnings in the black.

-- Reported by Jeanine Poggi in New York.

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