JoS. A. Bank Clothiers Announces 4.6% Increase in August 2006 Sales
31 Agosto 2006 - 11:00AM
Business Wire
JoS. A. Bank Clothiers, Inc. (NASDAQ Global Select Market: "JOSB")
announces that its total sales for the fiscal month ended August
26, 2006 (fiscal August 2006) increased 4.6% to $29.6 million, as
compared with $28.3 million in fiscal August 2005. Comparable store
sales decreased 6.1% in fiscal August 2006, as compared with an
increase of 12.9% the fiscal month of August 2005. Combined catalog
and internet sales increased 17.4% in fiscal August 2006, as
compared with fiscal August 2005. The Company noted that during the
first week of August 2006, comparable store sales increased over
the same prior year period, but trailed prior year sales in the
remainder of the month. Sales in the first few days of fiscal
September have exceeded sales in the same period of last year.
Total sales for the seven months ended August 26, 2006 increased
17.4% to $262.4 million compared with $223.5 million in the
comparable prior year period, while combined catalog and Internet
sales increased 21.3%, as compared with the same prior year period.
Comparable store sales have increased 5.7% for the seven months
ended August 26, 2006, as compared with the same prior year period.
The Company has set a conference call to discuss fiscal 2006 second
quarter earnings on September 7, 2006 at 11:00 a.m. Eastern Time
(EDT). To participate in the call please dial (USA) 800-230-1059 or
(International) 612-332-1025 at least five minutes before 11:00
a.m. EDT on September 7, 2006. A replay of the conference call will
be available after 2:30 p.m. EDT on September 7, 2006 until
September 14, 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 837711. 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 345 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 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, on-going litigation
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 or projections. These risks
should be carefully reviewed before making any investment decision.
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