JoS. A. Bank Clothiers Announces 29.8% Increase in August Sales; Comparable Store Sales Increase 12.9%
01 Septembre 2005 - 11:30AM
Business Wire
JoS. A. Bank Clothiers, Inc. (NASDAQ National Market: "JOSB")
announces that its total sales for the fiscal month ended August
27, 2005 (fiscal August 2005) increased 29.8% to $28.3 million
compared with $21.8 million in fiscal August 2004. In fiscal August
2005, comparable store sales increased 12.9% and combined catalog
and Internet sales increased 34.9%, as compared to fiscal August
2004. "Our sportswear has performed very well all year and
continued to lead all merchandise categories in sales gains in
August," stated David E. Ullman, Executive Vice President - Chief
Financial Officer of JoS. A. Bank Clothier, Inc. "In addition,
seasonal sportcoats, blazers, dress shirts and ties posted
double-digit comparable store sales gains in fiscal August 2005 as
compared to fiscal August 2004." Total sales for the seven months
ended August 27, 2005 increased 21.7% to $223.5 million compared
with $183.7 million in the comparable prior year period. In the
seven months ended August 27, 2005, comparable store sales
increased 5.5% and combined catalog and Internet sales increased
26.0%, as compared to the same prior year period. The Company will
report its operating results for the second quarter of 2005 on
Tuesday, September 6, 2005. A conference call to discuss the
earnings press release is scheduled for September 6, 2005, at 11:00
a.m. Eastern Time (EDT). To participate in the call on September 6,
2005, please dial (877) 209-0397, or (International) (612)
332-1025, at least five minutes before 11:00 a.m. EDT. A replay of
the conference call will be available after 2:30 p.m. EDT on
September 6, 2005, until 11:59 p.m. on September 12, 2005, by
dialing (USA) (800) 475-6701 or (International) (320) 365-3844. The
access code for the replay will be 791286. JoS. A. Bank Clothiers,
Inc., established in 1905, is one of the nation's leading retailers
of men's classically-styled tailored and casual clothing,
sportswear, footwear and accessories. The Company sells its full
product line through 291 stores in 38 states and the District of
Columbia, a nationwide catalog, and an e-commerce website that can
be accessed at www.josbank.com. The Company is headquartered in
Hampstead, MD, and its common stock is listed on the NASDAQ
National Market under the symbol "JOSB." The Company's statements
concerning future operations contained herein are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Actual results may differ materially from those
forecast due to a variety of factors outside of the Company's
control that can affect the Company's operating results, liquidity
and financial condition. Such factors include risks associated with
economic, weather, public health and other factors affecting
consumer spending, the ability of the Company to finance its
expansion plans, the mix and pricing of goods sold, the market
price of key raw materials such as wool and cotton, availability of
lease sites for new stores, the ability to source product from its
global supplier base and other competitive factors. These
cautionary statements qualify all of the forward-looking statements
the Company makes herein. The Company cannot assure you that the
results or developments anticipated by the Company will be realized
or, even if substantially realized, that those results or
developments will result in the expected consequences for the
Company or affect the Company, its business or its operations in
the way the Company expects. The Company cautions you not to place
undue reliance on these forward-looking statements, which speak
only as of their respective dates, and assumes no obligation to
update any of the forward-looking statements. These risks should be
carefully reviewed before making any investment decision.
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