JoS. A. Bank Clothiers Announces 20.8% Increase in November 2006 Sales; Comparable Store Sales Rise 9.6%; Sets December 7, 2006
30 Novembre 2006 - 12:00PM
Business Wire
JoS. A. Bank Clothiers, Inc. (NASDAQ Global Select Market: "JOSB")
announces that its total sales for the fiscal month ended November
25, 2006 ("fiscal November 2006") increased 20.8% to $50.6 million,
as compared with $41.9 million in fiscal November 2005. Comparable
store sales increased 9.6% in fiscal November 2006, as compared
with fiscal November 2005. Combined catalog and Internet sales
increased 23.6% in fiscal November 2006, as compared with the same
prior year period. Comparing the fiscal ten months ended November
25, 2006 with the same prior year period, total sales increased
17.5% to $402.8 million from $342.7 million; comparable store sales
increased 6.1%; and combined catalog and Internet sales increased
21.9%. The Company also noted that it will host a conference call
at 11:00 a.m. Eastern Time on Thursday, December 7, 2006, the same
day the Company expects to report its operating results for the
fiscal third quarter of 2006. To participate in the call on
December 7, 2006, please dial (USA) (800) 288-8976 or
(International) (612) 332-0932, at least five minutes before 11:00
a.m. Eastern Time. A replay of the conference call will be
available after 2:30 p.m. Eastern Time on December 7, 2006 until
December 14, 2006 at 11:59 p.m. Eastern Time by dialing (USA) (800)
475-6701 or (International) (320) 365-3844. The access code for the
replay will be 850674. In addition, a webcast replay of the
conference call will be posted on the investor relations section of
our website: www.josbank.com (select �Company Information� and
�Investor Relations�). 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 370 stores in 42 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 anticipated
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, higher energy and security costs, 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, litigations 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 and the Company's subsequent Quarterly Reports on Form 10-Q
filed through the date hereof. 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 or
projections. These risks should be carefully reviewed before making
any investment decision. JoS. A. Bank Clothiers, Inc. (NASDAQ
Global Select Market: "JOSB") announces that its total sales for
the fiscal month ended November 25, 2006 ("fiscal November 2006")
increased 20.8% to $50.6 million, as compared with $41.9 million in
fiscal November 2005. Comparable store sales increased 9.6% in
fiscal November 2006, as compared with fiscal November 2005.
Combined catalog and Internet sales increased 23.6% in fiscal
November 2006, as compared with the same prior year period.
Comparing the fiscal ten months ended November 25, 2006 with the
same prior year period, total sales increased 17.5% to $402.8
million from $342.7 million; comparable store sales increased 6.1%;
and combined catalog and Internet sales increased 21.9%. The
Company also noted that it will host a conference call at 11:00
a.m. Eastern Time on Thursday, December 7, 2006, the same day the
Company expects to report its operating results for the fiscal
third quarter of 2006. To participate in the call on December 7,
2006, please dial (USA) (800) 288-8976 or (International) (612)
332-0932, at least five minutes before 11:00 a.m. Eastern Time. A
replay of the conference call will be available after 2:30 p.m.
Eastern Time on December 7, 2006 until December 14, 2006 at 11:59
p.m. Eastern Time by dialing (USA) (800) 475-6701 or
(International) (320) 365-3844. The access code for the replay will
be 850674. In addition, a webcast replay of the conference call
will be posted on the investor relations section of our website:
www.josbank.com (select 'Company Information' and 'Investor
Relations'). 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 370 stores in 42
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 anticipated 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, higher
energy and security costs, 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, litigations 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 and the Company's subsequent
Quarterly Reports on Form 10-Q filed through the date hereof. 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 or projections. These risks should be carefully reviewed
before making any investment decision.
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