JOSB declares higher internet sales at 17% in August
31 Aug '06
2 min read
JoS. A. Bank Clothiers Inc announces that its total sales for the fiscal month ended August 26, 2006 (fiscal August 2006) increased 4.6 percent to $29.6 million, as compared with $28.3 million in fiscal August 2005.
Comparable store sales decreased 6.1 percent in fiscal August 2006, as compared with an increase of 12.9 percent the fiscal month of August 2005.
Combined catalog and internet sales increased 17.4 percent in fiscal August 2006, as compared with fiscal August 2005.
The Company noted that during the first week of August 2006, comparable store sales increased over the same prior year period, but trailed prior year sales in the remainder of the month. Sales in the first few days of fiscal September have exceeded sales in the same period of last year.
Total sales for the seven months ended August 26, 2006 increased 17.4 percent to $262.4 million compared with $223.5 million in the comparable prior year period, while combined catalog and Internet sales increased 21.3 percent, as compared with the same prior year period.
Comparable store sales have increased 5.7 percent for the seven months ended August 26, 2006, as compared with the same prior year period.
The Company has set a conference call to discuss fiscal 2006 second quarter earnings on September 7, 2006 at 11:00 a.m. Eastern Time (EDT). To participate in the call please dial (USA) 800-230-1059 or (International) 612-332-1025 at least five minutes before 11:00 a.m. EDT on September 7, 2006.
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