• Q1 net profit rises 12.7% to US$17.8m
  • Sales up 8.5% to $193.3m
  • Suits and dress shirts lead growth

Apparel retailer Jos A Bank Clothiers posted a double-digit profit rise in the first quarter, aided by an 8.5% sales increase and a 0.1% lift in comparable store sales.

“We faced very strong results from the first quarter of 2010 and had good sales gains in the first quarter of fiscal year 2011 in the suits and dress shirts categories, while our sales declined in certain seasonal products such as sportswear,” said Neal Black, Jos A Bank president and CEO.

Click here to view the company's first quarter results in full.