The Men’s Wearhouse Earnings Call, Third Quarter 2008
Author: Godwin Gwetu
123jump.com
Last Update: 9:27 AM ET December 19 2008
The specialty retailer of men’s apparel generated year-to-date total company net sales of $1.5 billion compared with $1.6 billion in the equivalent period last year. Weaker comparable store sales due to a reduction in store traffic levels led to a 12.9% dip in Q3 clothing product sales. The Q3 GAAP EPS were 28 cents and adjusted EPS were 30 cents versus Q3 2007 GAAP diluted EPS of 69 cents. The company anticipates Q4 2008 GAAP EPS in the range of 0 cents to loss per share of 18 cents.
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.
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