JoS. A. Bank Clothiers Jan sales up 28.9%, FY sales grow 24.7%

02 Feb '06

2 min read

JoS. A. Bank Clothiers Inc has reported that its total net sales for the fiscal month ended January 28, 2006 increased 28.9 percent to $30.8 million, compared with $23.9 million in fiscal January 2004.

Comparable store sales increased 20.4 percent and combined catalog and internet sales decreased 2.5 percent in fiscal January 2005, when compared with the same prior-year period, while sales increased in all major merchandise categories during January, continued strength has been noted in blazers, sportcoats, sportswear and other key items in which the company has invested in recent months.

The company also noted that it expects earnings per share for the fiscal year ended January 28, 2006 (fiscal year 2005) to be at least $2.39, representing at least a 39 percent increase when compared with earnings per share of $1.72 in fiscal year 2004.

The company also noted that it's financing remains strong and there are currently no outstanding borrowings under its $100 million credit agreement.

The company also has reported record sales for the fourth quarter and full fiscal year. Total sales for the fourth quarter of fiscal year 2005 increased 28.1 percent to $163.8 million, compared with sales of $127.9 million in the prior year period.

Total sales for fiscal year 2005 increased 24.7 percent to $464.6 million, compared with sales of $372.5 million in the previous fiscal year.

Comparable store sales rose 15.9 percent and 10.6 percent in the fourth quarter and fiscal year 2005, respectively. Combined catalog and internet sales increased 18.9 percent and 21.7 percent in the fourth quarter and fiscal year 2005, respectively.

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