Men's Wearhouse Q2 Profit Tops Estimate; Revenue Falls Short

(RTTNews) - Men's Wearhouse, Inc. (MW) reported net earnings for the second quarter of $12.3 million or $0.25 per share, compared to $42.9 million or $0.85 per share for the year-ago quarter.

Excluding items, adjusted net earnings for the second quarter were $52.9 million or $1.10 per share, compared to $51.0 million or $1.01 per share in the same quarter last year.

Total net sales for the second quarter increased 24.1% to $803.1 million from $647.3 million a year earlier.

Analysts polled by Thomson Reuters expected the company to earn $1.06 per share on revenue of $894.10 million for the second quarter. Analysts' estimates typically exclude special items.