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JOSB Clothiers reports 32% increase in Q3 earnings

04
Dec '08
JoS. A. Bank Clothiers Inc announces that earnings for the third quarter of fiscal year 2008 increased 32% to $0.50 per share, as compared to $0.38 per share for the third quarter of fiscal year 2007. Net income in the third quarter of fiscal year 2008 was $9.3 million, as compared to $7.1 million in the third quarter of fiscal year 2007.

Total sales for the third quarter of fiscal year 2008 increased 13.7% to $149.3 million from $131.3 million in the third quarter of fiscal year 2007, while comparable store sales increased 7.0% and Direct Marketing sales decreased 11.4%. The third quarter of fiscal year 2008 ended November 1, 2008; the third quarter of fiscal year 2007 ended November 3, 2007.

Comparing the first nine months of fiscal year 2008 with the first nine months of fiscal year 2007, earnings increased 19% to $1.52 per share, as compared to $1.28 per share and net income increased to $28.0 million, as compared to $23.7 million. Total sales for the first nine months of fiscal year 2008 increased 13.2% to $447.4 million from $395.1 million for the first nine months of fiscal year 2007 while comparable store sales increased 6.8% and Direct Marketing sales decreased 0.4%.

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.

JoS. A. Bank Clothiers Inc


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