Jos. A Bank Clothiers Shares Jumped: What You Need to Know
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 (NAS: 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 six cents better than expectations.
Now what:Phillips-Van Heusen (NYS: 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.
Interested in more info on Jos. A Bank? Add it to your watchlist.
At the time this article was published Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.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.
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