Joe's Jeans Reports Sales Increase

Posted Oct 19th 2009 at 1:07PM by Bee-Shyuan Chang (Subscribe to Bee-Shyuan Chang's posts)

Joe's Jeans ultra slim Chelsea in Port wash. Photo: JoesJeans.com

After reporting many a depressing recessionary bust, here's some uplifting economic news: Joe's Jeans reported a 16% increase in net sales for its third quarter.

The denim company also upped its gross profit to $10.4 million compared to $9 million for the same quarter last year.

Marc Crossman, President and CEO of Joe's Jeans, explained the results to stock holders, saying:

"These results translated into net income for the third quarter of fiscal 2009 of $1.9 million and earnings per share of $0.03. We had what we believe to be a very productive quarter which we will continue to build upon in the fourth quarter of 2009 and into 2010."

While Crossman's explanation will keep stockholders happy, we're relieved that one of our favorite denim brands isn't in danger.

Love denim but sick of the boyfriend jean? Maybe it's time to try the jeggings trend.

Tags: denim, denim sales, DenimSales, fall jeans, jean sales, jeans, JeanSales, Joes, Joes Jeans, JoesJeans, sales increase

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