Men's Wearhouse Q3 Results Miss Estimates

(RTTNews) - Men's Wearhouse, Inc. (MW) reported net income for the third quarter of $6.8 million or $0.14 per share, compared to $38.2 million or $0.79 per share for the year-ago quarter.

Excluding items, adjusted net income for the third quarter was $40.1 million or $0.83 per share, compared to $43.1 million or $0.90 per share in the prior year quarter.

Total net sales for the third quarter rose 37.3% to $890.64 million from $648.89 million in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.87 per share on revenue of $912.42 million for the third quarter. Analysts' estimates typically exclude special items.