Joe’s Jeans Sees Improved Quarter

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Joe’s Jeans Inc. said Thursday its net income rose 5.5 percent in its third quarter due to higher revenue across all its distribution channels, including domestic women and men’s wear, licensing and retail.

After the markets closed, the Los Angeles premium denim maker reported net income of $1.93 million (3 cents per share) for the quarter ended Aug. 31, compared with $1.83 million (3 cents) a year ago. Revenue rose 16 percent to $21.2 million.

“We continue to manage effectively our expense structure while launching new product categories, rolling out our company-owned retail stores and investing in advertising and promoting the brand for long-term, sustainable growth,” said Chief Executive Marc Crossman in a statement.

Before the announcement, shares closed up less than 1 cent, or 1 percent, to 80 cents on the Nasdaq.

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