Men’s Wearhouse released its third quarter financial results after the closing bell on Wednesday. Its profits plunged and missed analysts’ estimates.
Inside MW's Result
The company reported earnings of $6.8 million, or 14 cents per share, down from $38.2 million, or 79 cents per share, last year. Adjusted earnings were $40.1 million, or 83 cents per share, down from $43.1 million, or 90 cents per share, last year. On average, analysts expected to see adjusted earnings of 87 cents per share.
Revenue rose to $890.64 million from $648.89 million last year. Analysts expected to see $912.42 million in revenue.
Mutual Funds to Watch
There are several mutual funds invested in Men’s Wearhouse. Below are three funds that hold the largest stakes in MW.
|NAESX||Vanguard Small Capitalization Index||1.66%|
|SHRAX||Franklin Small Cap Value||1.61%|
|VTSMX||Vanguard Total Stock Market Index||1.56%|
The Bottom Line
The funds above are a great way for investors to gain exposure to a diverse bundle of securities and industries. Investors interested in Mens Wearhouse may also be interested in Jos. A Bank (JOSB) and Express (EXPR).
Shares of MW are down 18% YTD.