HAMPSTEAD, MD. (
) -- 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
, 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
New York & Company
all reported a loss in the quarter.
The only standout was
, which saw both profits and earnings in the black.
-- Reported by Jeanine Poggi in New York.
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