Tags: JOSB | Bank | growth | record

JoS. A. Bank Focused on Growth Record

By Tim Plaehn   |   Friday, 02 Dec 2011 01:30 PM

Men's clothing retailer JoS. A. Bank Clothiers (JOSB) has an enviable record for quarter-over-quarter earnings growth — approaching four consecutive years. The company uses its vertical sales model to maintain the growth track record.

JoS. A. Bank is a retailer of men's tailored and casual clothing. The company designs and manufactures its name brand line of clothing, then sells those products through more than 500 company-owned stores. The company line of clothing is also direct marketed through catalogs and the web. Results are divided into the segments of stores and direct marketing.

The first half of the company's 2011 fiscal year ended on July 30. For the six month period, revenues came in at $424 million, up 16 percent from $366 million a year earlier. Net income for the half year was $1.37, up 18 percent from $1.16.

For the full 2011 fiscal year JoS. A. Bank is forecast to earn $3.53 per share, compared to $3.08 earned in 2010.

Holiday season

The second quarter earnings release noted the company had posted year-over-year quarterly income growth for 39 of the past 40 quarters and the current streak of quarterly earnings growth had reached 21. The company is forecast to handily exceed 2010 results in the third and fourth quarter of 2011. The consensus earnings estimate for the third quarter is 51 cents, up from 45 cents a year earlier.

Like many retail companies, JoS. A. Bank generates a large portion of revenue and profits in the holiday-focused fourth quarter. For the 2011 closing quarter, the earnings estimate is $1.61 per share, 45 percent of the full year results. Investors should keep an eye on the overall holiday sales trends to get an idea where the actual fourth quarter results will land for JoS. A. Bank.

With a $1.5 billion market cap, JOSB is on the border between small-cap and mid-cap stocks. Companies of this size are followed by just a handful of Wall Street analysts, and those analysts can be surprised. The most recent analyst report on the stock was a reiteration of a market perform rating by Avondale Securities.

The company next reports on Dec. 1.

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Men's clothing retailer JoS. A. Bank Clothiers (JOSB) has an enviable record for quarter-over-quarter earnings growth approaching four consecutive years. The company uses its vertical sales model to maintain the growth track record. JoS. A. Bank is a retailer of men's...
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