Los Angeles based clothing maker Joe's Jeans Inc has swung to a first quarter profit on higher sales of its Joe's brand and continued improvements to gross margins.

For the three months to 29 February, net income was $843,000, compared to a net loss of $173,000 in the first quarter last year. This translates to earnings of $0.01 per share.
Net sales in the quarter rose 10% to $15.2m from $13.8m a year ago. Gross margins were up to 45% compared to 37% in the prior year period.

Marc Crossman, president and chief executive officer, said the sales growth was driven "by solid performance in our women's domestic business, strong growth in our men's line and gains in international sales."