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Joe's Jeans Q1 Profit Rises

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Joe's Jeans Inc. (JOEZ: Quote) 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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