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 men’s clothier Jos. A Bank (Nasdaq: JOSB) are looking very fashionable today, climbing as much as 12% after the company reported earnings.

So what: Same-store sales growth of 14.7% helped drive sales to $230.7 million, far exceeding the $209.7 million analysts expected. And earnings per share of $0.74 were $0.06 better than expectations.

Now what: Phillips-Van Heusen (NYSE: PVH) also reported solid earnings late yesterday, so maybe men finally think it’s time to update the old wardrobe. Jos. A Bank has a mixed history of meeting expectations, and with discounts contributing to the sales growth this quarter, I’m not sure if the growth is sustainable. I think Phillips-Van Heusen has a better history of beating expectations in the men’s clothing market and would be this Fool’s pick right now.

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