JoS. A. Bank Clothiers (JOSB) announced that fiscal first-quarter net income fell by 17 percent. For the three months through April 28, the company earned $14.8 million, or 53 cents per share, versus $17.8 million, or 64 cents per share, in the same period last year. Analysts had expected the company to earn 61 cents per share, according to a FactSet survey. Revenue increased by 4 percent to $201.4 million from $193.3 million, below estimates of $208.9 million estimate, and revenue at stores open at least a year dropped by 1 percent.
Shares are lower by about 6.2 percent.
Rival Men's Warehouse (NYSE:MW) will release fiscal first quarter results on Wednesday, June 6, 2012.
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