Jos. A. Bank Income Surges 41%

Posted on by Chief Marketer Staff

Jos. A. Bank Clothiers Inc. posted net income of $12.5 million for the second quarter, a 41% surge over net income of $8.9 million in the prior year.

The direct marketer and retailer reported sales of $167.7 million for the quarter ended Aug. 2, a 9.8% increase over $152.7 million last year.

The Hampstead, MD firm posted a direct marketing sales decrease of 6.7% in the quarter.

The company reported gross profit of $103.2 million for the quarter, an increase over $95.2 million last year.

“We are pleased to report another quarter of earnings growth for the company,

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