Jos. A. Bank Clothiers
The 10-second takeaway
For the quarter ended April 28 (Q1), Jos. A. Bank Clothiers missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share dropped significantly.
Margins shrank across the board.
Jos. A. Bank Clothiers recorded revenue of $201.4 million. The six analysts polled by S&P Capital IQ wanted to see net sales of $211.4 million on the same basis. GAAP reported sales were 4.2% higher than the prior-year quarter's $193.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.53. The six earnings estimates compiled by S&P Capital IQ predicted $0.62 per share. GAAP EPS of $0.53 for Q1 were 17% lower than the prior-year quarter's $0.64 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 63.5%, 130 basis points worse than the prior-year quarter. Operating margin was 12.1%, 290 basis points worse than the prior-year quarter. Net margin was 7.4%, 180 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $252.2 million. On the bottom line, the average EPS estimate is $0.75.
Next year's average estimate for revenue is $1.07 billion. The average EPS estimate is $3.68.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 401 members out of 454 rating the stock outperform, and 53 members rating it underperform. Among 133 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 126 give Jos. A. Bank Clothiers a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Jos. A. Bank Clothiers is outperform, with an average price target of $59.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. 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. The Motley Fool has a disclosure policy.