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