JoS. A. Bank: Q1 Net Up 43%, Beats Street

JoS. A. Bank Clothiers reported Q1 (ended May 5) net income increased 42.6% to $8.4 million, or $0.45/share, topping the Street's estimate of $0.41. Revenues rose 14% to $129.5m, coming in just above analysts' average estimate of $129m. JoS. A. Bank was higher by $0.27, or 0.63%, to $43 in pre-market activity as of 8:00 A.M. EST. It gained 3.3% to $42.73 in normal trading Friday. JoS. A. Bank has traded between $22.14 - $43.25 over the past year. Same-store-sales on the quarter were up 3.8%. Last Thursday, Jos. A. Bank reported a 13.5% increase in same-store-sales for the month of May, easily beating analysts' average forecast of 3.3%.

Sources: Press release, MarketWatch
Commentary: Jos. A. Bank Gets No Respect From Wall Street • May Same-Store Sales Roundup • Irrational Market Reactions: Jos. A Bank Clothiers, Bed Bath & Beyond • Jos. A. Bank: Mystery Beat Quarter
Stocks/ETFs to watch: Jos. A. Bank Clothiers Inc. (JOSB). Competitors: Men's Wearhouse Inc. (MW), Macy's, Inc (M)

Seeking Alpha's news briefs are combined into a pre-market summary called Wall Street Breakfast. Get Wall Street Breakfast by email -- it's free and takes only seconds to sign up.