Earnings Call Excerpt
Jos. A. Bank Clothiers (JOSB)
F4Q07 (Qtr End 2/2/08) Earnings Call
April 15, 2008 11:00 am ET
Executives
David Ullman - Executive Vice President, Chief Financial Officer
Robert Wildrick – Chief Executive Officer
Presentation
Operator
Welcome to the Jos. A. Bank Clothiers conference call. (Operator Instructions) I would now like to turn the conference over to our host, Mr. David Ullman, Chief Financial Officer. Please go ahead, sir.
David Ullman
Thank you and good morning, everybody. Welcome to the Year 2007 Conference Call for Jos. A. Bank Clothiers. I am joined here this morning by Robert Wildrick, our CEO. I will give some comments on the performance of ?07 and then Mr. Wildrick will make some comments thereafter.
Before we get started I need to read this information regarding forward-looking statements. The company’s statements concerning future operations contained on this call are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those forecast due to a variety of factors outside of the company’s control that can affect the company’s operating results, liquidity and financial condition.
Such factors include risks associated with economic, weather, public health and other factors affecting consumer spending, higher energy and security costs; the successful implementation of the company’s growth strategy, including the ability of the company to finance its expansion plans; the mix and pricing of goods sold; the effectiveness and profitability of new concepts; the market price of key raw materials such as wool and cotton; seasonality, merchandise trends and changing consumer preferences; the effectiveness of the company’s marketing programs; the availability of lease sites for new stores; the ability to source products from its global supplier base; litigation and other competitive factors.
Other factors and risks that may affect the company’s business or future financial results are detailed in the company’s filings with the Securities and Exchange Commission, including the company’s Annual Report on Form 10-K for the year ended February 2, 2008.
These cautionary statements qualify all of the forward-looking statements the company makes herein. The company cannot assure you that the results or developments anticipated by the company will be realized, or even if substantially realized, that those results or developments will result in the expected consequences for the company or affect the company, its business or its operations in the way the company expects.
The company cautions you not to place undue reliance on these forward-looking statements, which speak only as of their respective dates. The company does not undertake an obligation to update or revise any forward-looking statements to reflect actual results or changes in the company’s assumptions, estimates or projections. These risks should be carefully reviewed before making any investment decision.
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