What Men's Wearhouse's Earnings Mean for Mutual Fund Investors (MW)

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.

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.