Jos. A. Bank Q4 EPS Falls - Quick Facts

(RTTNews) - Jos. A. Bank Clothiers, Inc. (JOSB) Wednesday said fourth-quarter earnings fell to $0.98 per share from $1.01 per share last year.

Adjusted earnings per share were $1.07, while it totaled $0.98 in the fourth quarter of fiscal 2012. Two analysts polled by Thomson Reuters expected earnings of $1.07 per share. Analysts estimates typically exclude special items.

Adjusted earnings for the fourth quarter of fiscal year 2013 exclude expenses of $0.07 per share for legal and other professional services related to the company's announced acquisition by The Men's Wearhouse, Inc. and other strategic activity, and $0.02 per share for estimated non-cash asset impairment charges.

Neal Black, President and CEO, said, "The initiatives we have undertaken to improve both our top and bottom line performance are delivering results. As we previously reported, our sales through the holidays were robust, with comparable brand sales up 9.1% between November 3rd and December 24th."

Total sales for the fourth quarter increased 4.7 percent.

For the year, net income declined to $63.33 million from $79.7 million in 2012. Earnings per share fell to $2.26 from $ 2.84.

Net sales were $1.032 billion, compared to $1.049 billion last year.