Cable &s; Men�s announced its third quarter results: $8.23 billion , and it has earned $7 billion.
The company also said it had an agreement to purchase a majority stake in Men�S USA, and it expects the deal to close in the second quarter.
The retailer’s earnings were a solid jump from a year ago, when it reported revenue of $741 million, but analysts were expecting revenue to decline.
Analysts expect the company to post a loss of $100 million to $120 million this year, down from the $130 million a year earlier.
Cable &�s revenue fell from $1.2 billion to $1 billion, and that was due to a drop in sales from the Macy’s Thanksgiving Day Parade.
The company is expected to post $1,500 million in profit this year.