Joe's Jeans Inc. (JOEZ) Monday reported first-quarter loss of $6.39 million or $0.10 per share, compared to a profit of $794 thousand or $0.01 per share in the same period last year.
Adjusted earnings, excluding contingent consideration buy-out expense, was $1.72 million or $0.03 per share.
Net sales totaled $29.43 million, up 13 percent from $25.96 million last year.
Wholesale and retail sales improved 11 percent and 23 percent respectively.
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