JoS. A. Bank Clothiers Announces 19.3% Increase in June 2006 Sales; Comparable Store Sales Rise 8.5%
06 Juillet 2006 - 11:00AM
Business Wire
JoS. A. Bank Clothiers, Inc. (Nasdaq Global Select Market: "JOSB")
announces that its total sales for the fiscal month ended July 1,
2006 (fiscal June 2006) increased 19.3% to $47.7 million versus
$40.0 million in the comparable prior year period. Comparable store
sales increased 8.5% when compared with fiscal June 2005, while
combined catalog and Internet sales increased 20.1%. Total sales
for the fiscal five months ended July 1, 2006 increased 17.8% to
$198.0 million as compared with $168.1 million in the comparable
prior year period. Comparable stores sales increased 6.0% in the
fiscal five months ended July 1, 2006 when compared with the
comparable prior year period, while combined catalog and Internet
sales increased 19.5%. 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 339 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 Global Select 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 28, 2006. 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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