Jos. A. Bank sales continue to decline in Q3

The Men's Wearhouse reported GAAP loss per share for fiscal third quarter 2015 of 0.56 dollar. Adjusted EPS was 0.50 dollar. As reported in the company's preliminary results release on November 5, 2015, third quarter comparable sales increased 5.3 percent at Men's Wearhouse with clothing comps of 7.2 percent driven by higher transactions per store and rental comps of 0.7 percent. Comparable sales decreased 14.6 percent at Jos. A. Bank, far below our earlier expectations.