Home / Knowledge / News / Apparel/Garments / Q3 FY'14 EPS grows 9% at JoS. A. Bank Clothiers
Q3 FY'14 EPS grows 9% at JoS. A. Bank Clothiers
05
Dec '13
JoS. A. Bank Clothiers, Inc. announces that adjusted earnings per diluted share were $0.51 for the third quarter of fiscal 2013, excluding approximately $1.2 million of legal and professional expenses incurred in connection with the Company's acquisition proposal for The Men's Wearhouse, Inc.

The third quarter results represent a 9% increase compared to diluted earnings of $0.47 per share for the third quarter of fiscal year 2012 and are at the top end of the projected EPS range previously announced by the Company.

GAAP earnings for the third quarter of fiscal year 2013 were $0.49 per diluted share (including the $1.2 million of legal and professional expenses), also at the top end of the previously announced range. GAAP net income for the third quarter of fiscal year 2013 was $13.6 million as compared to net income of $13.3 million for the third quarter of fiscal year 2012.

Total sales for the third quarter of fiscal year 2013 increased 6.3% to $247.5 million from $232.9 million in the third quarter of fiscal year 2012. Comparable store sales decreased 0.1% and Direct Marketing sales increased 23.5% in the third quarter of 2013 as compared to the third quarter of 2012. Combined comparable store and Internet sales for the third quarter of fiscal year 2013 increased 2.4% when compared to the third quarter of fiscal year 2012.

Comparing the first nine months of fiscal year 2013 to the first nine months of fiscal year 2012, GAAP diluted earnings were $1.28 per share as compared to $1.83 per share and net income was $36.0 million as compared to $51.3 million.

Total sales for the first nine months of fiscal year 2013 decreased 2.7% to $676.1 million from $694.5 million for the first nine months of fiscal year 2012, while comparable store sales decreased 8.5% and Direct Marketing sales increased 10.5%. Combined comparable store and Internet sales for the first nine months of fiscal year 2013 decreased 6.4% when compared to the first nine months of fiscal year 2012.

JoS. A. Bank Clothiers

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve Cole
Xerium Technologies

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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
January 2017

January 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