Home / Knowledge / News / Apparel/Garments / Sales rise 12.9% in Q2 FY'12 for JoS. A. Bank Clothiers
Sales rise 12.9% in Q2 FY'12 for JoS. A. Bank Clothiers
29
Aug '12
JoS. A. Bank Clothiers Inc. announces that net income for the second quarter of fiscal year 2012 increased 12.7% to $23.2 million as compared with net income of $20.6 million for the second quarter of fiscal year 2011.

Earnings per share for the second quarter of fiscal year 2012 increased 12.2% to $0.83 per share as compared with earnings per share of $0.74 for the second quarter of fiscal year 2011.

Total sales for the second quarter of fiscal year 2012 increased 12.9% to $260.3 million from $230.7 million in the second quarter of fiscal year 2011. Comparable store sales increased 6.1% and Direct Marketing sales increased 39.3% in the second quarter of 2012.

Comparing the first six months of fiscal year 2012 with the first six months of fiscal year 2011, net income declined 1.0% to $38.0 million as compared with $38.4 million and earnings per share declined 0.7% to $1.36 per share as compared to $1.37 per share. Total sales for the first six months of fiscal year 2012 increased 8.9% to $461.7 million from $423.9 million for the first six months of fiscal year 2011, while comparable store sales increased 2.9% and direct marketing sales increased 19.8%.

The second quarter of fiscal year 2012 ended July 28, 2012; the second quarter of fiscal year 2011 ended July 30, 2011.

"We are pleased with our financial performance for the second quarter of fiscal year 2012. Sales increased by 12.9%, led by growth in our Direct Marketing segment sales and comparable store sales and net income increased by 12.7%. Our net income margin in the second quarter of fiscal year 2012 of 8.9% was consistent with the strong performance in the same period last year," stated R. Neal Black, President and CEO of JoS. A. Bank Clothiers, Inc.

"Keeping in mind that sales are just one component of net income and that sales for any one month are not necessarily indicative of sales for the entire quarter, we are nevertheless pleased to announce that the third quarter has started out positively. Both our comparable store sales and Direct Marketing sales are up in fiscal August compared to the same period last year," continued Mr. Black.

Based on the positive operating results of the new Full-line and Factory stores the Company has opened in the past several years and the Company's strong balance sheet, among other factors, the Company currently believes that the chain can be grown to approximately 800 total stores in the United States consisting of approximately 700 Full-line stores and approximately 100 Factory stores. 

Must ReadView All

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search