JoS. A. Bank Clothiers Announces 25.4% Increase in April Sales; Comparable Store Sales Increase 5.8%
05 Maggio 2005 - 12:00PM
Business Wire
JoS. A. Bank Clothiers, Inc. (NASDAQ National Market: "JOSB")
announces that its total sales for the fiscal month ended April 30,
2005 (fiscal April 2005) increased 25.4% to $32.6 million compared
with $26.0 million in April 2004. Comparable store sales increased
5.8% when compared with the month of April 2004, while combined
catalog and Internet sales increased 33.7%. Total sales for the
first quarter ended April 30, 2005 increased 20.9% to $96.6 million
compared with $79.9 million in the comparable prior year period.
Comparable store sales increased 4.1% in the first quarter ended
April 30, 2005, while combined catalog and Internet sales increased
26.4%. "We are pleased with the April sales results of our new
spring products, which produced gains in many merchandise
categories," said David E. Ullman, Chief Financial Officer of JoS.
A. Bank Clothiers. "The sales gains were led by sportswear, dress
shirts and ties. In addition, tailored clothing items such as the
luxurious Signature and Signature Gold suits and fashionable spring
sportcoats posted sales increases compared with April 2004." 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 275 stores in 37 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 as risks associated
with economic, weather, public health and other factors affecting
consumer spending, the ability of the Company to finance its
expansion plans, the mix and pricing of goods sold, the market
price of key raw materials such as wool and cotton, availability of
lease sites for new stores, the ability to source product from its
global supplier base and other competitive factors. 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, and assumes no obligation to
update any of the forward-looking statements. These risks should be
carefully reviewed before making any investment decision.
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