JoS. A. Bank Income Skyrockets 75%
JoS. A. Bank Clothiers Inc., Hampstead, MD, said yesterday that the company's net income rose 75 percent for its fiscal second quarter ended July 31, 2004.Net income totaled $3.5 million for the quarter, up from $2 million in the same period last year. For the first half of 2004, net income increased 112 percent to $8.9 million.
"Strong second-quarter operating results were driven by double-digit comp-store sales gains, continued strength in catalog and Internet sales, new product innovations, the growing popularity of our luxurious Signature and Signature Gold lines and a dynamic new store opening program," CEO Robert N. Wildrick said in a statement.
