Jos. A. Bank Clothiers (JOSB) Same Store Sales Up 10.4%

Jos. A. Bank Clothiers Inc JOSB announced on Wednesday morning that it easily beat consensus Wall Street estimates. Jos. A. Bank Clothiers Inc reported that its 1st quarter net income jumped 37% to $15.8 million, or 85 cents per share, up from $11.5 million, or 62 cents per share, a year earlier. The men's clothing company's sales climbed 10% to $178.1 million, up from $161.9 million a year earlier. Comparable store sales were up 10.4%. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 71 cents per share.