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Jos. A. Bank Posts 37% Profit Increase

Jos. A. Bank Clothiers reported a 37% increase to first-quarter net income.

HAMPSTEAD, Md. (TheStreet) -- Jos. A. Bank Clothiers (JOSB) said first-quarter earnings rose 37% to $15.8 million from $11.5 million a year earlier.

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Per-share earnings rose to 85 cents a share from 62 cents, beating the consensus estimate of 71 cents a share.

For the quarter, Jos. A. Bank posted a total sales increase of 10% to $178.1 million, as comparable-store sales rose 10.4% and direct marketing sales decreased 0.6%. Wall Street estimated sales of $175.32 million.

-- Reported by Andrea Tse in New York

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