Jos. A. Bank Beats Targets
It guides in line for the year.
Jos. A. Bank
(JOSB)
beat second-quarter estimates and guided in line for the rest of the year.
The Hampstead, Md., clothing retailer made $7 million, or 38 cents a share, for the quarter ended July 30, up from the year-ago $5.3 million, or 30 cents a share. Sales rose to $119.1 million from $98.6 million a year earlier.
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Analysts surveyed by Thomson Financial were looking for a 35-cent profit on sales of $116 million.
The company said it expects to make $2.15 a share for the year, up 10% from a year ago and in line with the Wall Street estimate.
