Jos. A Bank Clothiers (NAS: JOSB) reported earnings on Aug. 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended July 28 (Q2), Jos. A Bank Clothiers beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share grew.
Gross margins shrank, operating margins shrank, net margins were steady.
Jos. A Bank Clothiers reported revenue of $260.3 million. The five analysts polled by S&P Capital IQ looked for a top line of $250.9 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $230.7 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 $0.83. The five earnings estimates compiled by S&P Capital IQ predicted $0.73 per share. GAAP EPS of $0.83 for Q2 were 12% higher than the prior-year quarter's $0.74 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 58.7%, 370 basis points worse than the prior-year quarter. Operating margin was 14.3%, 70 basis points worse than the prior-year quarter. Net margin was 8.9%, about the same as the prior-year quarter.
Next quarter's average estimate for revenue is $230.5 million. On the bottom line, the average EPS estimate is $0.57.
Next year's average estimate for revenue is $1.08 billion. The average EPS estimate is $3.69.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 440 members out of 492 rating the stock outperform, and 52 members rating it underperform. Among 145 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 136 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 outperform, with an average price target of $55.50.
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The article Jos. A Bank Clothiers Beats on Both Top and Bottom Lines originally appeared on Fool.com.
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