Jos. A. Bank Sets Record Earnings
For the second quarter ended Aug. 2, net income more than doubled, rising 111 percent to $2 million compared with the same period of the prior year.
For the first half, net income skyrocketed 56 percent to $4.2 million from $2.7 million in the same period of the prior year.
Total net sales for the quarter increased 24.1 percent to $64.4 million. Comparable-store sales rose 12.5 percent as combined catalog and Internet sales climbed 12 percent.
Total net sales for the six months ended Aug. 2 increased 17.8 percent to $126.7 million. Comparable-store sales rose 6.3 percent while combined catalog and Internet sales increased 13.7 percent.