JoS. A. Bank Clothiers Announces 17.2% Increase in March 2006 Sales; Catalog/Internet Sales Rise 30.9% (corrected); Comparable
12 Aprile 2006 - 11:29PM
Business Wire
JoS. A. Bank Clothiers, Inc. (Nasdaq National Market: "JOSB")
announces corrected percentage increases for combined catalog and
Internet sales and comparable store sales for the fiscal month and
fiscal two months ended April 1, 2006. Approximately $300 thousand
in sales previously attributed to comparable stores are actually
attributable to catalog and Internet. There is no change in total
sales. Total sales for the fiscal month ended April 1, 2006 (fiscal
March 2006) increased 17.2% to $41.5 million versus $35.4 million
in the comparable prior year period. Combined catalog and Internet
sales increased 30.9% when compared with fiscal March 2005, while
comparable store sales increased 3.4%. Total sales for the fiscal
two months ended April 1, 2006 increased 17.5% to $75.2 million
compared with $64.0 million in the comparable prior year period.
Combined catalog and Internet sales increased 33.8% in the fiscal
two months ended April 1, 2006 when compared with the comparable
prior year period, while comparable stores sales increased 3.3%.
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 328 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, 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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