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JoS. A. Bank reports record fiscal year 2008 results

08 Apr '09
1 min read

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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