• Q3 net income $11.7m
  • Sales up 8.1%
  • "Business model is performing very well," says boss

JoS A Bank Clothiers has announced that net income for the third quarter of fiscal year 2009 increased 26% to $11.7m.

Total sales for the third quarter of fiscal year 2009 increased 8.1% to $161.3m from $149.3m in the third quarter of fiscal year 2008, while same-store sales increased 3.3% and Direct Marketing sales increased 21.2%.

"Despite the continued pressure we are facing from the difficult national economy, our business model is performing very well," said R Neal Black, president and CEO of JoS A Bank Clothiers, Inc. "With this quarter's results, we have achieved earnings growth in 32 of the past 33 quarters when compared to the respective prior year periods, including 14 quarters in a row," continued Mr. Black.

Comparing the first nine months of fiscal year 2009 with the first nine months of fiscal year 2008, net income increased 27% to $35.7m, the company added.

Click here to view its full third quarter earnings release.