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

Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

Men

News

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

Shauna O'Brien Mar 12, 2015

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.

Please Enter Your Email
Please Select Your Advisor Type

Popular Articles

Download Our Free Report

Why 30 trillion is invested in mutual funds book