Wednesday, JoS. A. Bank Clothiers Inc. (JOSB) said its first-quarter net income increased to $15.8 million or $0.85 per share from $11.5 million or $0.62 per share in the prior year period. On average, 4 analysts polled by Thomson Reuters expected the company to report earnings of $0.71 per share for the quarter.
Total sales for the quarter grew 10.0% to $178.1 million from $161.9 million in the comparable period while comparable store sales increased 10.4% and direct marketing sales decreased 0.6%. Three analysts estimated revenues of $175.32 million for the quarter.
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