logo
Share SHARE
FONT-SIZE Plus   Neg

Joe's Jeans Q1 Profit Rises

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
As most of us are painfully aware, the days of the pension are mostly gone. The percentage of employers still offering a traditional defined benefit pension plan to newly hired employees fell from about 50% to 5% between 1998 and 2015, according to advisory firm Willis Towers Watson. Many companies... Cruise Critic, a cruise reviews and information site, has announced its 10th annual Editors' Picks Awards for the best cruise ships and lines of 2017. The awards are given in three categories - ocean cruises, luxury cruises and river cruises. Viking Cruises, with five wins, topped the list of award winners. Following Viking in second spot was Crystal Cruises, with four awards. French real estate company Unibail-Rodamco SE Tuesday announced that it has entered into an agreement to acquire Australian shopping centre group Westfield Corp. in a deal that implies an enterprise value of $24.7 billion. The deal is expected to create the world's premier developer and operator of flagship shopping destinations with 61.1 billion euros or $72.2 billion of Gross Market Value.
comments powered by Disqus
Follow RTT