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

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

Shauna O'Brien Mar 12, 2015



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



The Bottom Line


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