JoS. A. Bank Q3 Profit Rises; Results Top Estimates - Quick Facts

(RTTNews) - Retailer JoS. A. Bank Clothiers Inc. (JOSB) reported that GAAP net income for the third quarter of fiscal year 2013 increased to $13.62 million from $13.31 million in the third quarter of fiscal year 2012. Earnings for the third quarter were $0.49 per share, up from $0.47 per share last year.

Adjusted earnings per 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. Analysts polled by Thomson Reuters expected the company to report earnings of $0.49 per share for the third-quarter. Analysts' estimates typically exclude special items.

Total sales for the third quarter grew 6.3% to $247.5 million from $232.9 million last year. Two analysts estimated revenues of $244.99 million for the quarter.

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.