UPDATE 1-JoS A Bank Q2 beats Street view

* Q2 EPS $0.59 vs est $0.53

* Sales rise 12.3 pct to $188.4 mln vs est $181.3 mln

Sept 1 (BestGrowthStock) – Men’s clothing and accessories retailer
JoS A Bank Clothiers Inc (JOSB.O: ) reported second-quarter
results that surpassed market expectations, helped by improved
margins amd strong direct marketing sales.

For the quarter, the company earned $16.5 million, or 59
cents a share, compared with $12.5 million, or 45 cents a
share, a year ago.

Net sales rose 12.3 percent to $188.4 million, while
same-store-sales rose 9.2 percent.

Analysts on an average were expecting earnings of 53 cents
a share, on a revenue of $181.3 million, according to Thomson
Reuters I/B/E/S.

Gross margins improved to 62.8 percent from 61.5 percent a
year ago. Direct marketing sales increased 12.4 percent.

The Hampstead, Maryland-based company’s shares, which have
gained more than 16 percent since their 52-week high in April,
closed at $36.43 Tuesday on Nasdaq.
(Reporting by NR Sethuraman in Bangalore; Editing by Maju
Samuel)

UPDATE 1-JoS A Bank Q2 beats Street view