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Jos. A. Bank profit drops 11.2% in 3Q; shares tumble
Jos. A. Bank Clothiers Inc. said Wednesday its third-quarter profit took a hit on Hurricane Sandy, additional price markdowns and shoppers being focused more on the presidential election than on new clothes.
The Hampstead-based high-end men’s retailer said net income dropped 11.2 percent to $13.3 million for the three months ended Oct. 27. That was down from $15 million in third quarter 2011.
Earnings per share dropped to 47 cents compared with 54 cents in the third quarter of 2011. The earnings…
IN FOCUS TODAY
Wednesday, June 19, 2013 - 6:35am
Tuesday, June 18, 2013 - 5:05am
The Baltimore City Council approved Mayor Stephanie Rawlings-Blake’s $2.4 billion operating...
Monday, June 17, 2013 - 6:35am
WYPR's Fraser Smith and Scott Calvert of the Baltimore Sun talk about how the City Council is...