Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why Jos. A. Bank's Shares Popped

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of suit slinger Jos. A. Bank Clothiers (Nasdaq: JOSB  ) were looking sharp today as they rose as much as 19% in intraday trading after the company reported strong second-quarter results.

So what: Earnings season is in the late innings, but that didn't stop Jos. A. Bank from hitting a home run for investors. For the quarter ending in July, the company delivered earnings per share of $0.83, which was up 12% from last year and was also better than the $0.73 that Wall Street had expected. On the top line, sales gained 13%, clocking in at $260 million versus the expected $251 million. A 6.1% jump in comparable-store sales helped fuel the sales growth.

Now what: Is management confident about the future? You bet. In today's earnings release, the company disclosed that it's upped its assessment of the chain's big-picture growth potential. It now sees 800 total stores -- 700 full-line stores along with 100 factory stores -- as an attainable goal. This is a significant boost from its previous view that it'd max out at 650 and 675 total stores.

Want to keep up to date on Jos. A. Bank Clothiers? Add it to your watchlist.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

Fool contributor Matt Koppenheffer does not have a financial interest in any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter @KoppTheFool or Facebook. The Fool's disclosure policy prefers dividends over a sharp stick in the eye.


Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2000803, ~/Articles/ArticleHandler.aspx, 10/26/2016 7:31:10 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 10 hours ago Sponsored by:
DOW 18,169.27 -53.76 -0.30%
S&P 500 2,143.16 -8.17 -0.38%
NASD 5,283.40 -26.43 -0.50%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

12/31/1969 7:00 PM
JOSB.DL $0.00 Down +0.00 +0.00%
Joseph A. Banks Cl… CAPS Rating: ***