| Men's Wearhouse
Earnings Call |
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The Men’s Wearhouse Earnings Call, Fourth Quarter 2008
16th March 2009 00:00 AM |
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| Fourth quarter gross margins before occupancy costs, as a percentage of total net sales, decreased 294 basis points from 56.68% to 53.74%. |
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| The specialty retailer of men’s apparel reported fourth quarter GAAP diluted EPS of 3 cents and adjusted loss per share of 6 cents compared with GAAP diluted EPS of 28 cents in the equivalent period last year. The quarter-to-quarter total company sales decreased 11% from $535 million to $476.4 million. For the first half of 2009, the management now expects GAAP EPS in the range of 45 cents to 65 cents. |
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The Men’s Wearhouse Earnings Call, Third Quarter 2008
19th December 2008 00:00 AM |
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| The third quarter gross margin before occupancy costs, as a percentage of total net sales, decreased 80 basis points from 60.84% to 60.04%. |
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| 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. |
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Men’s Wearhouse Earnings Call, Second Quarter 2008
28th August 2008 00:00 AM |
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| Underlying assortment strategy impacting the business incorporates a de-emphasis on non-branded price driven product to trend right branded product. |
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| The specialty retailer of men’s apparel reported a 4.2% decline in company sales performance to $545.3 million declined 4.2% from $569 million in 2007 as both clothing sales and tuxedo rental revenue dropped 4% and 5.3% respectively. EPS was 63 cents a share, down from 27% from $1.00 in the prior year on higher costs and lower sales. |
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Men’s Wearhouse Earnings Call, First Quarter 2008
28th June 2008 00:00 AM |
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| The second quarter gross margins are forecast to be down quarter-over-quarter, due to continuation of occupancy expense via leverage. |
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| The specialty retailer for men’s apparel posted first quarter total sales of $491.1 million compared with $526.1 million in the year ago quarter. Moores posted the only quarterly sales rise from $45.3 million to $49.8 million. The US store traffic levels continued to weaken whilst Canada was negatively affected by rising energy and food prices. The management lowered the second quarter outlook to a range of 75 cents to 79 cents versus the past guidance of 80 cents to 86 cents. |
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Men’s Wearhouse Fourth Quarter Earnings Call
17th March 2008 00:00 AM |
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| Earnings of $15 million or 28 cents were 72% lower than $52 million or 99 cents a share in 2006 due to weakness of consumer traffic levels. |
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| The men’s apparel retailer reported a 1.9% drop in total sales to $535 million from $556.8 million in the prior year as tuxedo rental revenues, representing 6.5% of total sales, increased 141.9%, largely influenced by the addition of After Hours. The company expects to close its Canadian based manufacturing facility, operated by its subsidiary, Golden Brand in 2008. It also repurchased 1.2 million shares at a value of $27.7 million, or the equivalent of $23 per share. |
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Men’s Wearhouse Third Quarter Earnings Call
30th November 2007 00:00 AM |
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| Net income rose to $37.1 million, or 69 cents per share, compared with $31.8 million, or 58 cents per share, a year ago. |
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| The men''s clothing retailer’s revenue rose to $512.1 million from $430.1 million. Apparel sales, accounting for almost 75% of the company''s revenue, increased nearly 5% in the quarter. Same-store sales declined 2.1% in the U.S. The latest quarter results included sales and rental revenue from the After Hours Formalwear chain, acquired earlier this year. Tuxedo rental revenue climbed 19% from a year ago. |
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Men's Wearhouse Second Quarter Earnings Call
31st August 2007 00:00 AM |
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| Profit increased 52%, driven by the acquisition of formalwear retailer After Hours. |
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| Men’s Wearhouse reported revenue increase of 24% to $569.3 million, helped by 4% increase in apparel sales and the tripling of the company''s tuxedo rental revenue, helped by the After Hours acquisition. Excluding After Hours, tuxedo rental sales increased 16%. Same-store sales for the company''s U.S.-based stores increased 1%, helped by the growth of the company''s tuxedo rental business. For Q3, the company expects earnings per share in the range of 70 cents to 73 cents. |
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Men’s Wearhouse First Quarter Earnings Call
24th May 2007 00:00 AM |
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| Excluding the accretive impact of After Hours, earnings per share increased 26% to 67 cents versus 53 cents in last year. |
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| Men’s Wearhouse reported revenue increase of 14.42% to $496.1 million, including $26 million rental revenue from the recently acquired After Hours. While the comparable store sales dropped 1.3% in US due to soft traffic, it increased 5.8% in the Canadian operation. During the quarter, the company repurchased 444,100 shares at a value of $19.3 million. The second quarter earnings per share guidance, excluding the After Hours acquisition, is being set at a range of 73 cents to 75 cents. |
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