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

After the closing bell on Wednesday, Men’s Wearhouse (MW) released its fourth quarter financial results. Here’s what the results mean for mutual fund investors.

Inside MW’s Results

Net Loss

The company reported a net loss of $35.9 million, or 75 cents per share. Last year, the company reported a net loss of $30.4 million, or 64 cents per share. Excluding special items, the company’s net loss equaled $1.3 million, or 3 cents per share. Analysts expected to see a net loss of 7 cents per share.

Revenue
Sales surged 65.5% to $928.36 million from $560.55 million. Analysts expected to see revenue of $919.09 million.

Outlook
Looking ahead to FY2015, the company expects to see adjusted EPS between $2.70 and $2.90. Analysts expect to see EPS of $2.52.

The company also boosted its guidance for 2017 to include K&G operations. EPS is now expected to be between $5.75 and $6.25.

Weak Jos A. Bank Sales

In June, Men’s Wearhouse acquired Jos A. Bank for $1.8 billion. In the third quarter, same store sales at Jos A. Bank dropped 8.1%. For the most recent quarter, Jos A. Bank same store sales had another declining quarter – falling 6.6%.

However, MW reported that it expects sales at Jos A. Bank to improve in the second half of 2015.

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).

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

After the closing bell on Wednesday, Men’s Wearhouse (MW) released its fourth quarter financial results. Here’s what the results mean for mutual fund investors.

Inside MW’s Results

Net Loss

The company reported a net loss of $35.9 million, or 75 cents per share. Last year, the company reported a net loss of $30.4 million, or 64 cents per share. Excluding special items, the company’s net loss equaled $1.3 million, or 3 cents per share. Analysts expected to see a net loss of 7 cents per share.

Revenue
Sales surged 65.5% to $928.36 million from $560.55 million. Analysts expected to see revenue of $919.09 million.

Outlook
Looking ahead to FY2015, the company expects to see adjusted EPS between $2.70 and $2.90. Analysts expect to see EPS of $2.52.

The company also boosted its guidance for 2017 to include K&G operations. EPS is now expected to be between $5.75 and $6.25.

Weak Jos A. Bank Sales

In June, Men’s Wearhouse acquired Jos A. Bank for $1.8 billion. In the third quarter, same store sales at Jos A. Bank dropped 8.1%. For the most recent quarter, Jos A. Bank same store sales had another declining quarter – falling 6.6%.

However, MW reported that it expects sales at Jos A. Bank to improve in the second half of 2015.

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).

If you’ve enjoyed this article, sign up for the free MutualFunds.com newsletter; we’ll send you similar content weekly.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Read Next