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Jos. A. Bank's fourth-quarter profit falls 36 percent

Jos. A. Bank Clothiers Inc. reported Wednesday that it earned $28.4 million in the fourth quarter, a nearly 36 percent drop from the corresponding quarter a year earlier, according to a regulatory filing.

On a per share basis, the Hampstead-based men's apparel earned $1.01 in the quarter ended Feb. 2, down from $1.58 per share a year ago.

For the fiscal year, Jos. A. Bank's profits fell 18.3 percent to $79.7 million, or $2.84 per share.

The company earlier had warned that profits would be down for the year. The company blamed superstorm Sandy, the distraction of the national election as well as unseasonably warm weather for dampening sales around the critical winter holiday season.

R. Neal Black, president and CEO, said in a statement that even though the retailer's profits didn't increase over last year's record earnings, the company's sales were up 7.1 percent and for the first time exceeded $1 billion. The retailer also opened 46 stores in the past fiscal year and now has 603 in 44 states.

Jos. A. Bank's stock rose $1.10 on Wednesday to close at $40.28 a share.

eileen.ambrose@baltsun.com

twitter.com/eileenambrose

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