« Bed Bath & Beyond Earned 79 Cents a Share | Main | Brady Quinn on Power Lunch »

JoS. A. Bank Clothiers (JOSB) is down sharply today on a poor same-store sales report:

Men's clothing retailer JoS. A. Bank Clothiers Inc. said Thursday that its same-store sales grew 1.4 percent in March, but missed analysts' expectations. Analysts polled by Thomson Financial were looking for a same-store sales increase of 2.7 percent for the month.

Same-store sales, or sales at stores open at least a year, are a key measure of retailer (or restaurant) performance, because they measure growth at existing stores rather than from newly opened ones.

Total sales for the period ended April 7 climbed 10.1 percent to $45.7 million from $41.5 million in the year-ago period.

Quarter-to-date, same-store sales were up 2 percent while total sales were ahead 11.8 percent to $84.1 million versus $75.2 million in the prior-year period.

Posted by edelfenbein at April 12, 2007 11:10 AM