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JoS. A. Bank reports record fiscal year 2008 results
Apr '09
JoS. A. Bank Clothiers Inc announces record results for its fiscal year ended January 31, 2009 (fiscal year 2008).

Net income for fiscal year 2008 increased to a record $58.4 million, as compared with net income of $50.2 million for the fiscal year ended February 2, 2008 ("fiscal year 2007"). Earnings per share for fiscal year 2008 increased 17% to a record $3.17 as compared with earnings per share of $2.72 for fiscal year 2007.

Net sales reached a record of $695.9 million in fiscal year 2008, representing a 15.2% gain as compared with net sales of $604.0 million in fiscal year 2007.

Comparable store sales increased 8.9% during fiscal year 2008, while Direct Marketing sales decreased 0.2%. The Company ended fiscal year 2008 with $123 million in cash and no debt.

JoS. A. Bank Clothiers Inc

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