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)…
Revenue increased 6.38% from $608.43 million in the previous quarter. EPS were the same at $1.01 as the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.02 to a loss $0.03. For the current year, the average estimate has moved up from a profit of $2.75 to a profit of $2.77 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)