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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Jos. A Bank Earnings Climb 9% 0 comments
    Apr 2, 2014 11:10 AM | about stocks: JOSB, MW

    Originally published at www.seclive.com

    Jos. A Bank Clothiers Inc. (NASDAQ:JOSB) announced its financial results for the fourth quarter and full fiscal year 2013, reporting a 9% rise in quarterly earnings per share. The men's clothing retailer reported a 4.7% increase in quarterly sales from a year ago, while earnings per share grew 9% from $0.98 per share to $1.07 per share. Jos. A Bank entered an agreement on March 11 to be acquired by Men's Wearhouse in a deal where Men's Wearhouse pays $65 per share, resulting in Jos. A Bank terminating its $825M planned purchase of Eddie Bauer. The acquisition is estimated to be complete by the third quarter. President and CEO Neal Black commented that the company's efforts to improve all-around performance are paying off and that it is proud of the progress it has made, even with severe winter weather conditions impacting consumer spending.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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