Joe’s Jeans (NASDAQ:JOEZ) Declares Loss in First Quarter – JOEZ, KORS, TRLG, VFC

Joe’s Jeans Inc (NASDAQ:JOEZ) announced on Monday that its fiscal first-quarter loss was $6.39 million or $0.10 a share, evaluated against a profit of $794 thousand or $0.01 a share in the similar quarter a year ago.

Adjusted quarterly earnings were $1.72 million or $0.03 a share, without contingent consideration buy-out expense.

Quarterly net sales totaled $29.43 million, high 13% from $25.96 million a year ago. Sales at wholesale and retail segments hiked 11% and 23% respectively.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Michael Kors Holdings Ltd (NYSE:KORS) fell -3.57% to settle at $54.00, True Religion Apparel, Inc. (NASDAQ:TRLG) moved down -5.02% to end at $25.71 while VF Corp (NYSE:VFC) plunged -3.11% to finish at $166.27 on Monday.

Joe’s Jeans Inc (NASDAQ:JOEZ) last session’s volume of 1.92 million shares was higher than its average volume of 854,789 shares. The stock after opening at $1.98 hit high price of $1.98 and then closed at $1.85 by scoring -4.64%.

JOEZ generated revenue of $118.64 million in the previous twelve months and earned $5.57 million. The Company showed a positive 4.69% in the net profit margin as well as in its operating margin which remained at 9.03%. Company’s annual sales growth for the past five years was 13.58%.

The JOEZ’s past twelve months’ price to sales ratio was 1.06 and price to cash ratio remained 9.36. As far as the returns are concerned, JOEZ’s return on equity was recorded as 8.15% and return on investment increased 7.97% while its return on asset stayed at 6.70%.

The stock showed weekly downbeat performance of -2.63% which was maintained for the month at 4.52%. Likewise the positive performance for the quarter was recorded as 62.28% and for the year was 46.83% while the YTD performance remained at 85.00%.

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