How the Wheels Came Off Jos. A. Bank Clothiers' Bus
Jos. A. Bank Clothiers (NAS: JOSB) reported earnings on May 30. Here are the numbers you need to know.
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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At the time this article was published 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 ofMotley 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.
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