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Wednesday, April 7, 2010 as of 11:14 AM ET

Jones Apparel Group

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The Jones Group

The Jones Group, Inc. (formerly Jones Apparel Group) (), a Fortune 500 company with over 1,000 employees, is an American designer, marketer and wholesaler of branded clothing, shoes and accessories.

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Jones Group Swings To 1Q Loss; Profit Excluding Items Beats Expectations

Jones Group Inc.

(JNY) swung to a small fiscal first-quarter loss, but excluding costs for acquisition, restructuring and severance charges, it posted a much-better-than expected profit, aided by the earlier Easter and warmer temperatures.Shares rose 6.2% to $13 premarket.Jeanswear, shoes and accessories did particularly well, while traditional sportswear "remained more challenging and promotional," Chief Executive Wesley Card said.Card also voiced some caution, saying that while generally encouraged by signs of greater consumer confidence, "the economic environment still contains mixed signals and consumer spending is unpredictable."Jones posted a loss of $1.2 million, or 1 cent a share, compared with a year-earlier profit of $25.7 million, or 30 cents a share. Excluding costs for acquisitions, closing some stores and restructuring, the company posted earnings per share of 31 cents, down from 38 cents a year earlier.Net sales slipped 2.7% to $923.4 million.Analysts polled by Thomson R...

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