Wednesday, JoS. A Bank Clothiers Inc. (JOSB), a retailer, reported an increase in profit for the second quarter ended August 1, reflecting 6.2% increase in comparable store sales. Earnings per share was higher than analysts' estimates.
Net income of the retailer increased by 41% year-over-year to $12.51 million from $8.87 million a year earlier and earnings per share for the second quarter increased by 42% to $0.68 per share from $0.48 per share. On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.54 per share.
Quarterly net sales for Hampstead, Maryland - based JoS. A Bank Clothiers increased by 9.8% in the second quarter to $167.7 million from $152.7 million last year. Analysts were looking for revenues of $166.88 million.
Total operating expenses increased to $82.49 million from $80.46 million for the year-ago period while the cost of goods sold increased to $64.56 million from $57.50 million a year earlier.
However, the retailer's increase in revenues more than offset the rise in expenses and JoS. A Bank Clothiers' second quarter operating income increased to $20.68 million from $14.78 million for the same period last year.
Neal Black, president and chief executive officer of JoS. A Bank Clothiers, Inc. said, "With this quarter's results, we have achieved earnings growth in 31 of the past 32 quarters when compared to the respective prior year periods, including 13 quarters in a row."
For the six months, net income increased by 28% to $24 million from $18.7 million a year earlier and earnings per share increased 26% to $1.29 per share from $1.02 per share for the same period last year.
JoS. A Bank Clothiers' total sales for the first six months increased by 10.6% to $329.7 million from $298.1 million for the same period a year-ago.
Tuesday, JOSB closed at $42.71, up 2.95% on Nasdaq.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.