Jos. A. Bank Clothiers, Inc announced that earnings per share for the second quarter ended August 4, 2001 were $.05 per share, consistent with the company's operating plan. These results compare to earnings of $.10 per share in the second quarter of fiscal 2000.

Robert N. Wildrick, CEO, said: "We have done a great job in this difficult retail environment by increasing the profits in our store and internet segments. Unfortunately, our catalogue and factory store businesses performed poorly and reduced our overall earnings.

"We recently made dramatic changes in these two businesses which are starting to improve their results. We remain optimistic that we will report earnings per share for the full fiscal year 2001 of at least $.80 per share, which would be at least equal to last year's record level."

The company also announced that it has opened seven stores in the second quarter of 2001 - all of which are in existing markets - and has opened ten stores in the first half of 2001. The company plans to open an additional 11 stores in the second half of 2001.

Total sales for the second quarter ended August 4, 2001 increased 2.8 per cent to $46.1m compared to $44.9m in the same period in 2000. Comparable store sales decreased 1.2 per cent for the second quarter of 2001, while Internet sales increased 85 per cent and catalogue sales decreased 18 per cent.

Total sales for the first half ended August 4, 2001 increased 2.4 per cent to $93.5m compared to $91.3m in the same period in 2000. Comparable store sales decreased one per cent for the first half of 2001, while Internet sales increased 110 per cent and catalogue sales decreased 19 per cent.

Recurring earnings per share (excluding one-time charges) for the first half ended August 4, 2001 (fiscal 2001) were $.15 per share compared to the earnings of $.26 per share in the first half last year. Actual earnings per share were $.13 per share in the first half of 2001. All per share amounts refer to diluted earnings per share.


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