JoS. A. Bank Clothiers Inc announces that earnings for the first quarter of fiscal 2007 increased 41% to $0.45 per share, as compared to $0.32 per share for the first quarter of fiscal 2006.
Net income in the first quarter of fiscal 2007 was $8.4 million, as compared to $5.9 million in the first quarter of 2006. The first quarter of fiscal 2007 ended May 5, 2007; the first quarter of fiscal 2006 ended April 29, 2006.
Comparing the first quarter of fiscal 2007 with the first quarter of fiscal 2006, total net sales increased 13.9% to $129.5 million from $113.7 million; comparable store sales increased 3.8%; and Direct Marketing sales increased 20.9%.
A conference call to discuss fiscal 2007 first quarter earnings will be held on 11th June, 2007 at 11:00 a.m. Eastern Time (ET). A replay of the conference call will be available after 2:30 p.m. ET on June 11, 2007 until June 18, 2007 at 11:59 p.m. ET.
In addition, a webcast replay of the conference call will be posted on the investor relations section of company's website. All earnings per share amounts in this new release represent diluted earnings per share.
JoS. A. Bank Clothiers Inc
marketing@alchempro.com
