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Jos. A. Bank 4Q Profit Matches Views

Jos. A. Bank Clothiers (NASDAQ:JOSB) matched Wall Street estimates but posted a slightly weaker fourth-quarter profit, as weather impacts later in the period offset strong holiday sales.The men's apparel retailer, which has a deal in place to sell itself to Men's Wearhouse (NYSE:MW), reported earnings of $27.4 million versus $28.4 million in the same period a year earlier. Per-share earnings fell to 98 cents from $1.01.Excluding costs related to the Men's Wearhouse deal, adjusted earnings checked in at $1.07 a share.Revenue ticked 0.4% higher to $356 million, also hitting the consensus estimate. Jos. A. Bank said the year-ago period included an extra week of sales.Comparable-brand sales for the quarter ended Feb. 1 were up 1.8%. Direct sales climbed 10.6%.R. Neal Black, Jos. A. Bank's president and CEO, said the company is off to a good start in the current period after a "nationwide deep freeze" weighed on fourth-quarter sales. According to Black, the retailer has generated double-dig...

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