JOSB Jos. A. Bank Clothiers, Inc. (MM)

JoS. A. Bank Clothiers, Inc. (NASDAQ Global Select Market:JOSB) announces today record results for its fiscal year ended January 31, 2009 (�fiscal year 2008�).

Net income for fiscal year 2008 increased to a record $58.4 million, as compared with net income of $50.2 million for the fiscal year ended February 2, 2008 (�fiscal year 2007�). Earnings per share for fiscal year 2008 increased 17% to a record $3.17 as compared with earnings per share of $2.72 for fiscal year 2007.

Net sales reached a record of $695.9 million in fiscal year 2008, representing a 15.2% gain as compared with net sales of $604.0 million in fiscal year 2007. Comparable store sales increased 8.9% during fiscal year 2008, while Direct Marketing sales decreased 0.2%. The Company ended fiscal year 2008 with $123 million in cash and no debt.

A conference call to discuss fiscal year 2008 earnings will be held Thursday, April 9, 2009 at 11:00 a.m. Eastern Time (ET). To join in the call please dial (USA) 800-762-4832 or (International) 480-248-5089 at least five minutes before 11:00 a.m. ET. A replay of the conference call will be available after 1:00 p.m. ET on April 9, 2009 until April 16, 2009 at 11:59 p.m. ET by dialing (USA) 800-475-6701 or (International) 320-365-3844. The access code for the replay will be 995125. In addition, a webcast replay of the conference call will be posted on the investor relations section of our website: www.josbank.com (select �Company Information� and �Investor Relations�).

All earnings per share amounts in this news release represent diluted earnings per share.

JoS. A. Bank Clothiers, Inc., established in 1905, is one of the nation's leading retailers of men's classically-styled tailored and casual clothing, sportswear, footwear and accessories. The Company sells its full product line through 461 stores in 42 states and the District of Columbia, a nationwide catalog and an e-commerce website that can be accessed at www.josbank.com. The Company is headquartered in Hampstead, Md., and its common stock is listed on the Nasdaq Global Select Market under the symbol "JOSB."

The Company's statements concerning future operations contained herein 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, including negative changes to consumer confidence and other recessionary pressures, 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 suitable lease sites for new stores, doing business on an international basis, the ability to source product from its global supplier base, legal matters 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 January 31, 2009. 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.

� JOS. A. BANK CLOTHIERS, INC. CONSOLIDATED BALANCE SHEETS AS OF FEBRUARY 2, 2008 AND JANUARY 31, 2009 (In Thousands, Except Share Information) � � February 2, 2008 � January 31, 2009 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 82,082 $ 122,875 Accounts receivable, net 5,855 7,404 Inventories 206,825 209,242 Prepaid expenses and other current assets � 18,593 � � 17,776 Total current assets 313,355 357,297 NONCURRENT ASSETS: Property, plant and equipment, net 126,235 133,588 Other noncurrent assets � 508 � � 481 Total assets $ 440,098 � $ 491,366 LIABILITIES AND STOCKHOLDERS� EQUITY CURRENT LIABILITIES: Accounts payable $ 47,383 $ 29,774 Accrued expenses 72,150 74,792 Deferred tax liability � 6,688 � � 6,604 Total current liabilities 126,221 111,170 NONCURRENT LIABILITIES: Long-term debt - - Deferred rent 50,185 54,743 Noncurrent deferred tax liability 1,210 2,605 Other noncurrent liabilities � 1,317 � � 1,035 Total liabilities � 178,933 � � 169,553 COMMITMENTS AND CONTINGENCIES STOCKHOLDERS� EQUITY: Preferred stock, $1.00 par, 500,000 shares authorized, none issued or outstanding - - Common stock, $.01 par, 45,000,000 shares authorized, 18,179,371 issued and outstanding at February 2, 2008 and 18,290,977 issued and outstanding at January 31, 2009 181 182 Additional paid-in capital 80,791 82,951 Retained earnings 180,260 238,668 Accumulated other comprehensive (losses) gains � (67 ) � 12 Total stockholders� equity � 261,165 � � 321,813 Total liabilities and stockholders� equity $ 440,098 � $ 491,366

Note: The foregoing unaudited Condensed Consolidated Balance Sheets are excerpts from our Consolidated Financial Statements (as of February 2, 2008 and as of January 31, 2009) and do not include the Notes, which are considered an integral part thereof. The foregoing unaudited financial information should be read in conjunction with the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2009 which was filed with the Securities and Exchange Commission on April 8, 2009.

� JOS. A. BANK CLOTHIERS, INC. CONSOLIDATED STATEMENTS OF INCOME FOR THE YEARS ENDED FEBRUARY 3, 2007, FEBRUARY 2, 2008 AND JANUARY 31, 2009 (In Thousands, Except Per Share Information) � � Fiscal Year 2006 � 2007 � 2008 NET SALES $ 546,385 $ 604,010 $ 695,908 Cost of goods sold � 207,947 � � 225,364 � � 264,954 � GROSS PROFIT � 338,438 � � 378,646 � � 430,954 � OPERATING EXPENSES: Sales and marketing 212,890 242,655 277,354 General and administrative � 52,453 � � 53,240 � � 58,111 � Total operating expenses � 265,343 � � 295,895 � � 335,465 � OPERATING INCOME 73,095 82,751 95,489 OTHER INCOME (EXPENSE): Interest income 461 1,937 856 Interest expense � (1,399 ) � (355 ) � (379 ) Total other income (expense) � (938 ) � 1,582 � � 477 � Income before provision for income taxes 72,157 84,333 95,966 Provision for income taxes � 28,935 � � 34,165 � � 37,558 � NET INCOME $ 43,222 � $ 50,168 � $ 58,408 � � EARNINGS PER SHARE Net income: Basic $ 2.40 $ 2.77 $ 3.21 Diluted $ 2.36 $ 2.72 $ 3.17 Weighted average shares outstanding: Basic 17,981 18,128 18,214 Diluted 18,342 18,420 18,445

Note: The foregoing unaudited Condensed Consolidated Statements of Income are excerpts from our Consolidated Financial Statements for each of the three years ended January 31, 2009 and do not include the Notes, which are considered an integral part thereof. The foregoing unaudited financial information should be read in conjunction with the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2009 which was filed with the Securities and Exchange Commission on April 8, 2009.

� JOS. A. BANK CLOTHIERS, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED FEBRUARY 3, 2007, FEBRUARY 2, 2008 AND JANUARY 31, 2009 (In Thousands) � Fiscal Year 2006 � 2007 � 2008 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 43,222 $ 50,168 $ 58,408

Adjustments to reconcile net income to net cash provided by operating activities:

Increase (decrease) deferred taxes (2,603 ) (3,150 ) 1,311 Depreciation and amortization 15,809 18,477 20,609 Loss on disposition of assets 34 281 279 Asset impairment charges - 833 1,240 Non-cash recognition of state grant - (485 ) - Changes in assets and liabilities: (Increase) decrease in accounts receivable 1,262 (662 ) (1,549 ) Increase in inventories (6,829 ) (23,354 ) (2,417 ) Increase (decrease) in prepaid expenses and other assets (5,708 ) (10 ) 817 Decrease in non-current assets 31 27 27 Increase (decrease) in accounts payable (995 ) 5,700 (17,609 ) Increase in accrued expenses 10,490 7,602 8,018 Increase in deferred rent 7,046 8,132 4,558 Increase (decrease) in other noncurrent liabilities � (848 ) � 153 � � (152 ) Net cash provided by operating activities � 60,911 � � 63,712 � � 73,540 � CASH FLOWS USED FOR INVESTING ACTIVITIES: Payments for capital expenditures (31,141 ) (27,696 ) (35,105 ) Proceeds from disposal of assets � - � � 295 � � 197 � Net cash used for investing activities � (31,141 ) � (27,401 ) � (34,908 ) CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings under revolving loan agreement 90,135 - - Repayment of borrowings under revolving loan agreement (90,135 ) - - Proceeds from long-term debt 400 - - Repayment of other long-term debt (5,785 ) - - Income tax benefit from exercise of non-qualified stock options 3,947 822 625 Proceeds from issuance of common stock � 7,404 � � 1,869 � � 1,536 � Net cash provided by financing activities � 5,966 � � 2,691 � � 2,161 � Net increase in cash and cash equivalents 35,736 39,002 40,793 CASH AND CASH EQUIVALENTS, beginning of year � 7,344 � � 43,080 � � 82,082 � CASH AND CASH EQUIVALENTS, end of year $ 43,080 � $ 82,082 � $ 122,875 �

Note: The foregoing unaudited Condensed Consolidated Statements of Cash Flows are excerpts from our Consolidated Financial Statements for each of the three years ended January 31, 2009 and do not include the Notes, which are considered an integral part thereof. The foregoing unaudited financial information should be read in conjunction with the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2009 which was filed with the Securities and Exchange Commission on April 8, 2009.