JoS. A. Bank Clothiers Announces 28.0% Increase in July 2006 Sales; Comparable Store Sales Gain 15.9%
03 Août 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 29,
2006 (fiscal July 2006) increased 28.0% to $34.7 million, as
compared with $27.1 million in fiscal July 2005. Comparable store
sales increased 15.9% in fiscal July 2006, as compared with the
fiscal month of July 2005, while combined catalog and internet
sales increased 34.0%. Total sales for the second fiscal quarter
ended July 29, 2006 increased 20.8% to $119.1 million compared with
$98.6 million in the comparable prior year period. Comparable store
sales increased 10.1% in the second fiscal quarter ended July 29,
2006, while combined catalog and internet sales increased 18.8%.
Total sales for the fiscal six months ended July 29, 2006 increased
19.3% to $232.8 million compared with $195.2 million in the
comparable prior year period. Comparable store sales increased 7.4%
in the fiscal six months ended July 29, 2006, while combined
catalog and internet sales rose 21.8%. The Company will report its
operating results for the second fiscal quarter of 2006 on
Thursday, September 7, 2006. A conference call to discuss the
earnings press release is scheduled for September 7, 2006, at 11:00
a.m. Eastern Time (EDT). To participate in the call on September 7,
2006, please dial (USA) 800-230-1059, 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 7, 2006, until 11:59 p.m. on September 14, 2006, by
dialing (USA) 800-475-6701 or (International) 320-365-3844. The
access code for the replay will be 837711. 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 340 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, fashion
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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