JOSB registers 18% growth in Q1 earnings per share

05 Jun '08

2 min read

JoS. A. Bank Clothiers Inc announces that earnings for the first quarter of fiscal year 2008 increased 18% to $0.53 per share, as compared to $0.45 per share for the first quarter of fiscal year 2007.

Net income in the first quarter of fiscal year 2008 was $9.8 million, as compared to $8.4 million in the first quarter of fiscal year 2007. The first quarter of fiscal year 2008 ended May 3, 2008; the first quarter of fiscal year 2007 ended May 5, 2007.

Comparing the first quarter of fiscal year 2008 with the first quarter of fiscal year 2007, total net sales increased 12.3% to $145.4 million from $129.5 million; comparable store sales increased 6.4%; and Direct Marketing sales increased 0.2%.

A conference call to discuss fiscal year 2008 first quarter earnings will be held Thursday, June 5, 2008 at 11:00 a.m. Eastern Time (ET). To join in the call please dial (USA) 888-428-4480 or (International) 612-332-0636 at least five minutes before 11:00 a.m. ET.

A replay of the conference call will be available after 1:00 p.m. ET on June 5, 2008 until June 12, 2008 at 11:59 p.m. ET by dialing (USA) 800-475-6701 or (International) 320-365-3844. The access code for the replay will be 927050. In addition, a webcast replay of the conference call will be posted on the investor relations section of our website (select "Company Information" and "Investor Relations").

All earnings per share amounts in this news release represent diluted earnings pershare.

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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