JoS. A. Bank Clothiers Sets Conference Call to Discuss Fiscal 2005 Results; Company Reaffirms Prior Earnings Guidance
01 Avril 2006 - 1:11AM
Business Wire
JoS. A. Bank Clothiers, Inc. (Nasdaq National Market:JOSB)
announces today that it has set a conference call to be held on
Thursday, April 13, 2006 at 11:00 a.m. Eastern Time to discuss its
results for the fiscal year ended January 28, 2006 (fiscal 2005).
The call has been re-scheduled to be held concurrently with or
subsequent to the filing of the Company's Annual Report on Form
10-K, which is due by April 13, 2006. The Company also reaffirmed
its prior earnings guidance which was provided on February 2, 2006.
As such, the Company expects earnings per share for fiscal 2005 to
be at least $1.92 (adjusted for stock dividend), representing at
least a 39% increase when compared with earnings per share of $1.38
(adjusted for stock dividend) in fiscal year 2004. All earnings per
share amounts in this news release represent diluted earnings per
share adjusted for the 25% stock dividend that the Company
announced on December 14, 2005, under which shareholders of record
as of January 27, 2006 received one additional share of common
stock for each four shares then owned. 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 327 stores in 40 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 successful implementation of the Company's
growth strategy including the ability of the Company to finance its
expansion plans, the mix and pricing of goods sold, the
effectiveness and profitability of new concepts, the market price
of key raw materials such as wool and cotton, seasonality,
merchandise trends and changing consumer preferences, the
effectiveness of the Company's marketing programs, the availability
of lease sites for new stores, the ability to source product from
its global supplier base and other competitive factors. Other
factors and risks that may affect our business or future financial
results are detailed in our filings with the Securities and
Exchange Commission, including the Company's Annual Report on Form
10-K for the year ended January 29, 2005. 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. The Company does not undertake
an obligation to update or revise any forward-looking statements to
reflect actual results or changes in the Company's assumptions,
estimates and projections. These risks should be carefully reviewed
before making any investment decision.
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