JoS. A. Bank (JOSB) Reports Same-Store Sales

JoS. A. Bank Clothiers, Inc. (NASDAQ: JOSB) reported total net sales for the 52 weeks ended February 2, 2008 (fiscal year 2007) increased 10.5% to $604.0 million, as compared with $546.4 million for the 53 weeks ended February 3, 2007 (fiscal year 2006).

The Company also noted that it expects net income for fiscal year 2007 to increase approximately 12% to 14% over fiscal year 2006 net income of $43.2 million.

Comparing the four weeks of fiscal January 2007 with the five weeks of fiscal January 2006, total net sales decreased 17.1% to $34.3 million from $41.4 million and Direct Marketing sales decreased 18.6%. Comparing the four weeks of fiscal January 2007 with the first four weeks of fiscal January 2006, comparable store sales decreased 1.2%.

Jos. A. Bank Clothiers, Inc. (Jos. A. Bank) is a designer, retailer and direct marketer (through stores, catalog and Internet) of men’s tailored and casual clothing and accessories.

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