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
Earnings
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
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.
| Symbol | Mutual Fund | Stake |
|---|---|---|
| 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.