UPDATE 1-JoS A Bank Q3 misses Street

* Q3 EPS $0.45 vs est $0.50

* Q3 sales $173.3 mln vs est $177.9 mln

* Nov sales better than its expectations

Dec 1 (BestGrowthStock) – Men’s apparel and accessories retailer
JoS A Bank Clothiers Inc (JOSB.O: ) posted quarterly results that
missed market estimates, hurt by unseasonal warm weather in
August.

“The hot weather in August was hard on us and it was tough
to stage a big rebound after that due to the election,” Chief
Executive Neal Black said in a statement.

However, the company, which operates 502 stores, said its
November sales results came in better than its expectations.

For the quarter ended Oct. 30, net income was $12.6
million, or 45 cents a share, compared with $11.7 million, or
42 cents a share, a year ago.

Total sales rose 7.4 percent to $173.3 million.

Analysts on an average were expecting earnings of 50 cents
a share, before special items, on revenue of $177.9 million,
according to Thomson Reuters I/B/E/S.

The Hampstead, Maryland-based company’s shares, which are
up 60 percent this year, closed at $45.04 on Tuesday on
Nasdaq.
(Reporting by Mihir Dalal in Bangalore; Editing by Roshni
Menon)

UPDATE 1-JoS A Bank Q3 misses Street