JOS A Bank (JOSB) Slammed as FY12 Flops

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Go back to JOS A Bank (JOSB) Slammed as FY12 Flops

Johnson Rice Downgrades Jos. A Bank (JOSB) to Equalweight

January 28, 2013 8:38 AM EST

Johnson Rice downgraded Jos. A Bank (NASDAQ: JOSB) from Overweight to Equalweight following today's profit warning.

For an analyst ratings summary and ratings history on Jos. A Bank click... More

JoS. A. Bank (JOSB) Sees FY12 Net Income Down 20%

January 28, 2013 6:16 AM EST

JoS. A. Bank Clothiers, Inc. (Nasdaq: JOSB) announces that net income for fiscal year 2012 is expected to be approximately 20% lower than net income for fiscal year 2011. Actual results will depend on, among other things, sales for the remainder of the year, expenses and normal year-end processing. Fiscal year 2012 is a 53-week year which will end February 2, 2013; fiscal year 2011 was a 52 week year which ended January 28, 2012.

Commenting on the earnings update, R. Neal Black, President and CEO of JoS. A. Bank Clothiers, Inc. stated: "Total company sales for the year will be up,... More