US: JoS A Bank Q3 profit leaps 31% to US$9.3m
Retailer JoS A Bank Clothiers posted a 31% increase in third quarter profits to US$9.3m, boosted by a 13.7% sales increase. Earnings per share rose 32% to $0.50.
The US company recorded sales of $149.3m in the three months to 1 November, while same store sales increased 7%. However, direct marketing sales fell 11.4%.
For the first nine months of the fiscal year, the retailer's sales were up 13.2% to $447.4m. Same store sales increased 6.8%, and direct marketing sales edged down 0.8%.
The company's earnings per share for the year to date were up 19% to $1.52, while net profit increased 18% to $28m.
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Men's wear retailer JoS A Bank Clothiers has said net income for the fiscal year 2008 increased to a record US$58.4m, as compared to $50.2m in the prior year....
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