Despite escalating operating expenses, JoS. A Bank Clothiers Inc. raises revenue claiming increased earnings in all but one of the last 32 straight quarters.
From RTTNews:
(RTTNews) - Wednesday, JoS. A Bank Clothiers Inc. (JOSB: News ), 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.
