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.