JoS. A. Bank Clothiers Announces 16.5% Increase in May 2006 Sales; Comparable Store Sales Rise 7.1%; Management Sets June 8, 20
01 Giugno 2006 - 11:00AM
Business Wire
JoS. A. Bank Clothiers, Inc. (Nasdaq National Market: "JOSB")
announces that its total sales for the fiscal month ended May 27,
2006 (fiscal May 2006) increased 16.5% to $36.7 million versus
$31.5 million in the comparable prior year period. Comparable store
sales increased 7.1% as compared with fiscal May 2005, while
combined catalog and Internet sales increased 3.1%. Total sales for
the fiscal four months ended May 27, 2006 increased 17.3% to $150.3
million as compared with $128.1 million in the comparable prior
year period. Comparable stores sales increased 5.3% in the fiscal
four months ended May 27, 2006 as compared with the comparable
prior year period, while combined catalog and Internet sales
increased 19.3%. The Company also announces that a conference call
to discuss fiscal 2006 first quarter earnings will be held June 8,
2006 at 11:00 a.m. Eastern Time (EDT). To participate in the call
please dial (USA) 800-762-4519 or (International) 480-629-9025 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 June 8,
2006 until June 15, 2006 at 11:59 p.m. EDT by dialing (USA)
800-475-6701 or (International) 320-365-3844. The access code for
the replay will be 830552. 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 333 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." -0- *T ***** *T 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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