JOSB Misses By One Penny Per Share

Joseph A. Bank ($JOSB) just reported Q1 earnings of 64 cents per share which was one penny below Wall Street’s consensus. Last year, the company earned 57 cents per share for its first quarter.

JOSB also said that revenues rose 8.5% to $193.3 million which was $2.1 million below consensus. Comparable store sales growth dropped from 10.4% a year ago to 0.1% this year.

These aren’t great numbers but they’re pretty much what I was expecting (see last week’s CWS Market Review). The stock will probably get hit today, but bear in mind that this quarter’s numbers are a fairly small part of JOSB’s annual profits.

Posted by on June 1st, 2011 at 8:34 am


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