Inside MW’s Results
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
However, MW reported that it expects sales at Jos A. Bank to improve in the second half of 2015.
Mutual Funds to Watch
Symbol | Mutual Fund | Stake |
---|---|---|
SHRAX | Franklin Small Cap Value | 1.66% |
NAESX | Vanguard Small Capitalization Index | 1.61% |
VTSMX | Vanguard Total Stock Market Index | 1.56% |
The Bottom Line
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