Joe's Jeans Inc. (JOEZ) reported first-quarter net income of $0.8 million or $0.01 per share, up from $0.2 million or breakeven per share in the same period last year.
Net sales for the quarter increased 23 percent to $26.0 million from $21.2 million last year. Segment wise, sales from the retail segment rose 40 percent from last year to $5.2 million, and Wholesale sales grew 19 percent to $20.8 million.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.