Joe's Jeans Inc. (JOEZ) Announces Quarterly Results, Meets Estimates
Monday, July 11, 2021 6:11 PM

Joe's Jeans Inc. (JOEZ) announced its quarterly results on Monday. The company reported $0.01 earnings per share for the quarter, meeting the Thomson Reuters consensus estimate of $0.01. The company’s quarterly revenue was down 4.3% on a year-over-year basis.

On a related note, analysts at Zacks Investment Research reiterated an "underperform" rating on shares of Joe's Jeans Inc. in a research note to investors on Wednesday, April 6th.

Shares of Joe's Jeans Inc. (JOEZ) traded up 2.33% during mid-day trading on Monday, hitting $0.88. Joe's Jeans Inc. (JOEZ) has a 52 week low of $0.76 and a 52 week high of $2.44. The stock's 50-day moving average is $0.95 and its 200-day moving average is $1.29. The company has a market cap of $56.1 million and a price-to-earnings ratio of 26.06.

Joe's Jeans Inc. (Joe’s) is engaged in designing, developing and marketing of its Joe's products, which include denim jeans, related casual wear and accessories. The Company designs, develops and markets, and relies on third parties to manufacture its apparel products. The Company sells its products to numerous retailers, which include department stores, specialty stores and distributors worldwide, and through its retail stores. Joe's primary operating subsidiary is Joe's Jeans Subsidiary Inc. In October 2008, the Company opened its first retail store in Chicago, Illinois and operates one additional retail store in San Francisco, California and four outlet stores in outlet centers around the country. During the fiscal year ended November 30, 2021 (fiscal 2009), the Company launched a line of unisex woven shirts in different fits and fabrications called The Shirt and branded it with the Joe's logo. During fiscal 2009, the Company also launched a line of denim leggings for women.

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