S&K Famous Brands Announces Projected First Quarter Earnings and Continuation of Its Stock Repurchase Program RICHMOND, Va., April 18 /PRNewswire-FirstCall/ -- S&K Famous Brands, Inc. (Pink Sheets: SKFB.PK) (http://www.skmenswear.com/), today announced projected earnings for the first quarter ending April 30, 2005 and the continuation of the Company's previously approved stock repurchase program. First Quarter Earnings The Company said today that it expects net income for the first quarter ending April 30, 2005, to be in the range of $2,360,000 to $2,500,000, or $.88 to $.93 per diluted share. Stewart M. Kasen, President and Chief Executive Officer, said, "Although the first quarter is not yet over, the same-store sales improvements realized in February and March of 2005 are fueling the expected increase in net income for the quarter compared to the first quarter of the prior year." In the first quarter ended May 1, 2004, net income was $1,786,000, or $.67 per diluted share. Stock Repurchase Program The Company also stated that its existing stock repurchase program is still in effect. Under this program, the Company may repurchase shares on the open market or in privately-negotiated transactions at such times and prices as the Company considers appropriate. Mr. Kasen said, "The Company does not know why the price of its common stock dropped significantly late last week, although the general decline in the stock market last week may have been a contributing factor. We believe that the stock is an attractive investment for the Company at the prices it is currently being quoted in the pink sheets." There is approximately $2.5 million remaining available for repurchase under the Company's existing repurchase authorization. The repurchase authorization does not specify a maximum number of shares that may be repurchased. S&K Famous Brands, Inc. is a retailer of value-priced menswear operating 235 stores in 27 states reaching from the East Coast to Texas and from Maine to Florida. S&K offers a complete line of men's apparel generally priced 20- 40% below department store and specialty store regular prices. For more information, go to our website at http://www.skmenswear.com/. The statements in this release relating to projected results for the first quarter of fiscal 2006 are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Except for historical information, other statements in this release may also be forward-looking statements for such purpose. Forward-looking statements involve known and unknown risks and uncertainties, which may cause future events to differ materially from those expressed in such forward- looking statements. Such risks and uncertainties include numerous operational factors and economic conditions, such as the level of demand for the Company's products and services, the competitive environment in the value-priced men's apparel industry in general and in the Company's specific market area, inflation, changes in costs of goods and services and economic conditions in general and in the Company's specific market area. Risks and uncertainties relating to the Company's stock include the uncertain effects of deregistration and the unpredictability of market conditions, and whether any broker-dealers continue to act as market makers in the Company's stock. Certain of these and other risks are more fully described in the Company's filings with the Securities and Exchange Commission. The forward-looking statements made in this release are made only as of the date of this release, and the Company undertakes no obligation to publicly update such forward- looking statements to reflect subsequent events or circumstances. DATASOURCE: S&K Famous Brands, Inc. CONTACT: Robert E. Knowles, Chief Financial Officer of S&K Famous Brands, Inc., +1-804-346-2500 Web site: http://www.skmenswear.com/

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