Joe’s Jeans, Inc. (JOEZ) Reports Third Quarter Financial Results – CEO Comments on Record Profitability
Joe’s Jeans Inc. (NASD: JOEZ), a leading designer, producer and reseller of apparel and apparel-related products to the retail and premium markets under the Joe's® brand and related trademarks, recently announced its financial results for the third quarter ended August 31, 2008. During the third quarter, net sales increased 16 percent to $18.2 million compared to $15.7 million during the corresponding period one-year earlier. Additionally, the company reported a record quarter of profitability with net income of $2.2 million, or $0.04 per share, compared to $913,000, or $0.02 per share in the third quarter of 2007. Commenting on the recent…