Men's Wearhouse Q1 Results Top Estimates

(RTTNews) - Men's Wearhouse, Inc. (MW) reported net income for the first quarter of $10.4 million or $0.21 per share, compared to $16.5 million or $0.34 per share for the year-ago quarter.

Excluding items, adjusted net income for the latest quarter was $26.0 million or $0.54 per share.

Net sales for the first quarter rose 40.4% to $885.09 million from $630.47 million in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.52 per share on revenue of $857.67 million for the first quarter. Analysts' estimates typically exclude special items.