UPDATE: JOSB Reports 13% Increase In FQ1 Profit

Jos. A. Bank Clothiers Inc JOSB reported a 13% rise in its fiscal first-quarter net profit on Wednesday. JOSB reported its quarterly net profit at $17.8 million, or $0.64 per share, up from $15.8 million, or $0.57 per share, in the year-earlier period. Its sales surged 8.5% to $193.3 million. JOSB's comparable store sales rose 0.1%. However, analysts were expecting earnings of $0.65 per share on sales of $194.8 million. JOSB shares gained 1.95% to close at $57.10 yesterday. Read more from Benzinga's Company news.