JoS. A. Bank Clothiers Announces 23.4% Increase in May 2007 Sales; Comparable Store Sales Rise 13.5%; Management Sets June 11, 2
07 Juin 2007 - 12:00PM
Business Wire
JoS. A. Bank Clothiers, Inc. (Nasdaq Global Select Market: "JOSB")
announces that its total net sales for the fiscal month ended June
2, 2007 (fiscal May 2007) increased 23.4% to $45.3 million versus
$36.7 million in the fiscal month ended May 27, 2006 (fiscal May
2006). Comparable store sales gained 13.5% in fiscal May 2007, as
compared with fiscal May 2006, while Direct Marketing sales
increased 16.3%. Comparing the four fiscal months ended June 2,
2007 with the four fiscal months ended May 27, 2006, total net
sales increased 16.4% to $174.9 million from $150.3 million;
comparable store sales increased 6.2%; and Direct Marketing sales
increased 19.7%. The Company also announces that a conference call
to discuss fiscal 2007 first quarter earnings will be held on June
11, 2007 at 11:00 a.m. Eastern Time (ET). To participate in the
call on June 11, 2007 please dial (USA) 888-428-4479 or
(International) 651-291-5254 at least five minutes before 11:00
a.m. ET. A replay of the conference call will be available after
2:30 p.m. ET on June 11, 2007 until June 18, 2007 at 11:59 p.m. ET
by dialing (USA) 800-475-6701 or (International) 320-365-3844. The
access code for the replay will be 871553. 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 388 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
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, 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, 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, litigations and other
competitive factors. Other factors and risks that may affect the
Company�s business or future financial results are detailed in the
Company�s filings with the Securities and Exchange Commission,
including the Company's Annual Report on Form 10-K for the year
ended February 3, 2007. 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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