Jos. A Bank Clothiers
The 10-second takeaway
For the quarter ended May 4 (Q1), Jos. A Bank Clothiers met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly. GAAP earnings per share contracted significantly.
Margins shrank across the board.
Jos. A Bank Clothiers reported revenue of $196.1 million. The three analysts polled by S&P Capital IQ predicted sales of $195.4 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.29. The three earnings estimates compiled by S&P Capital IQ anticipated $0.29 per share. GAAP EPS of $0.29 for Q1 were 45% lower than the prior-year quarter's $0.53 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 60.8%, 270 basis points worse than the prior-year quarter. Operating margin was 6.6%, 550 basis points worse than the prior-year quarter. Net margin was 4.1%, 330 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $270.3 million. On the bottom line, the average EPS estimate is $0.71.
Next year's average estimate for revenue is $1.09 billion. The average EPS estimate is $2.75.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 427 members out of 481 rating the stock outperform, and 54 members rating it underperform. Among 153 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 144 give Jos. A Bank Clothiers a green thumbs-up, and nine 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 hold, with an average price target of $38.00.
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