Men's clothing and accessories designer Jos. A Bank Clothiers Inc. (JOSB) reported Wednesday a 31.7% increase in second-quarter profit, reflecting a 12.3% growth in sales. Both earnings and revenue came in above Street view.
For the second quarter, net income rose to $16.48 million from $12.51 million in the previous year. On a per share basis, earnings improved to $0.59 from $0.45 in the past year. On average, four analysts polled by Thomson Reuters expected the company to report earnings of $0.53 per share in the second quarter. Analysts' estimates typically excludes special items.
Net sales for the quarter increased 12.3% to $188.41 million from $167.74 million. Three analysts were expecting revenue of $181.25 million in the second quarter.
For the three month period, operating income increased to $27.41 million from $20.68 million, as total operating expenses increased to $90.92 million from $82.49 million in the prior-year quarter.
The Hampstead, Maryland-based company noted that comparable store sales rose 9.2% year-over-year.
JOSB closed Tuesday's regular trading hours at $36.44 on the 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.