Jos. A. Bank Clothiers, Inc. Earnings Cheat Sheet: Boosts Topline Growth

Jos. A. Bank Clothiers, Inc. (NASDAQ:JOSB) reported net income above Wall Street’s expectations for the second quarter. Jos. A. Bank Clothiers is a designer, retailer and direct marketer of men’s tailored and casual clothing and accessories.

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

Jos. A. Bank Clothiers Earnings Cheat Sheet for the Second Quarter

Results: Net income for Jos. A. Bank Clothiers, Inc. rose to $20.6 million (74 cents per share) vs. $16.5 million (59 cents per share) in the same quarter a year earlier. This marks a rise of 24.7% from the year earlier quarter.

Revenue: Rose 22.4% to $230.7 million from the year earlier quarter.

Actual vs. Wall St. Expectations: JOSB beat the mean analyst estimate of 68 cents per share. It beat the average revenue estimate of $209.7 million.

Quoting Management: “We are pleased with our sales and earnings performance for the second quarter of fiscal year 2011. While the components of our income statement may fluctuate somewhat from quarter to quarter, our business model, which features an aggressively sourced, high-quality, well-balanced, fully-stocked assortment that is promoted with timely marketing and sold by knowledgeable professionals in convenient locations, continues to deliver strong earnings growth over time. With this quarter’s results, we have achieved earnings growth in 39 of the past 40 quarters when compared to the respective prior year periods, including 21 quarters in a row,” stated R. Neal Black, President and CEO of JoS. A. Bank Clothiers, Inc.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 12.7% and in the fourth quarter of the last fiscal year, the figure rose 15.5%.

Revenue has risen the past four quarters. Revenue increased 8.5% to $193.3 million in the first quarter. The figure rose 14% in the fourth quarter of the last fiscal year from the year earlier and climbed 7.4% in the third quarter of the last fiscal year from the year-ago quarter.

The company topped expectations last quarter after falling short of forecasts in the first quarter with net income of 64 cents versus a mean estimate of net income of 66 cents per share.

Competitors to Watch: The Men’s Wearhouse, Inc. (NYSE:MW), Casual Male Retail Group, Inc. (NASDAQ:CMRG), Zumiez Inc. (NASDAQ:ZUMZ), Pacific Sunwear of California, Inc. (NASDAQ:PSUN), Aeropostale, Inc. (NYSE:ARO), Nordstrom (NYSE:JWN), JC Penney (NYSE:JCP), The Gap Inc. (NYSE:GPS) and Express, Inc. (NYSE:EXPR).

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

(Source: Xignite Financials)

More from The Cheat Sheet