JoS. A. Bank Clothiers Announces 12.8% Increase in Second Quarter 2007 Sales; Company Expects Second Quarter 2007 Earnings Per S
09 Agosto 2007 - 12:00PM
Business Wire
JoS. A. Bank Clothiers, Inc. (Nasdaq Global Select Market: "JOSB")
announces that its total net sales for the three fiscal months
ended August 4, 2007 (second quarter of fiscal 2007) as compared
with the three fiscal months ended July 29, 2006 (second quarter of
fiscal 2006), increased 12.8% to $134.3 million versus $119.1
million. Based on these sales gains, the Company stated that it
expects earnings per share for the quarter ended on August 4, 2007
to increase approximately 10% when compared with earnings per share
of $0.38 in the quarter ended July 29, 2006. Comparing the fiscal
month ended August 4, 2007 (fiscal July 2007) with the fiscal month
ended July 29, 2006 (fiscal July 2006), total net sales increased
3.2% to $35.8 million from $34.7 million; comparable store sales
decreased 6.4%; and Direct Marketing sales increased 8.9%.
Comparing the second quarter of fiscal 2007 with the second quarter
of fiscal 2006, total net sales increased 12.8%; comparable store
sales increased 2.5%; and Direct Marketing sales increased 19.7%.
Comparing the six fiscal months ended August 4, 2007 (first half of
fiscal 2007) with the six fiscal months ended July 29, 2006 (first
half of fiscal 2006), total net sales increased 13.3% to $263.8
million from $232.8 million; comparable store sales increased 3.2%;
and Direct Marketing sales increased 20.2%. 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 391 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 and the Company's subsequent Quarterly
Reports on Form 10-Q filed through the date hereof. 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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