|JOSB - June '02 Worth Magazine Article|
Net Worth Opener
By Ted C. Fishman
<<It may be time to invest in style: Buy a classic Cary Grant suit from Oxxford or buy stock in companies such as Men’s Wearhouse and Jos. A. Bank.>>
<<Investors may be less interested in the two companies' fashions than in their comparative growth rates. The analyst community expects Men's Wearhouse to earn $1.30 a share in fiscal 2002, up 25 percent from 2001, on revenue of $1.36 billion. Jos. A. Bank, which caters to a slightly better-heeled clientele, earned $6.5 million on sales of $211 million in fiscal 2001, and analyst Michael Via of Anderson & Strudwick, in Richmond, Virginia, expects earnings per share to climb about 13 percent this year, to $1.19. Even in the sluggish last quarter of 2001, Jos. A. Bank reported a 46 percent increase in earnings over the last quarter of 2000. With 140 stores, "we are now where the Gap was 10 years ago," CEO Robert Wildrick says, with considerable hyperbole. "We'll open 20 stores this year, and there is no reason we can't have 500." Slobs of America, you have been warned.>>
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