The Men’s Wearhouse, Inc. (NYSE:MW) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
The Men’s Wearhouse, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 6.32% to $1.01 in the quarter versus EPS of $0.95 in the year-earlier quarter.
Revenue: Decreased 2.27% to $647.26 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: The Men’s Wearhouse, Inc. reported adjusted EPS income of $1.01 per share. By that measure, the company beat the mean analyst estimate of $1.00. It beat the average revenue estimate of $646.25 million.
Quoting Management: Doug Ewert, Men’s Wearhouse president and chief executive officer, commented, “Retail clothing sales during the second quarter were below our internal plan as we experienced a decline in customer traffic compared to last year’s second quarter. We believe this is primarily due to macro issues affecting the apparel retailing space.
Key Stats (on next page)…