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Jos. A. Bank Earnings Beat Expectations, Warns of Slow Q4
Wednesday, November 30, 11:32 AM ET

Men's retailer Jos. A. Bank (JOSB) reported fiscal third quarter earnings today that rose 19%.

Profits grew to $15 million, or $0.54 per share, from $12.6 million, or $0.45 per share, in last year's third quarter.

Sales rose 21%, to $209.6 million, on a 14.6% increase in same-store sales.

Results beat analyst expectations.

However, the company said its fourth quarter has been weaker than expected so far.

Same-store sales fell in November, said president and CEO R. Neal Black, leading the company to adjust its December merchandising and marketing plans. Black said the company is cautiously optimistic for the outcome of the fourth quarter.

Rival Men's Wearhouse (NYSE:MW) reports earnings next week.

For MarketNewsVideo.com, I'm Sayoko Murase.

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