Men’s clothing retailer and tuxedo renter Men’s Wearhouse (NYSE:MW) beat Wall Street expectations late yesterday with its second quarter earnings announcement.
Profits totaled $42.5 million, or $0.80 per share, compared to $39.5 million, or $0.75 per share, in the same quarter last year.
Adjusted earnings of $0.83 per share were ahead of analyst estimates, and the company’s third quarter forecast of $0.40 to $0.47 per share was ahead of expectations as well.
Men’s Wearhouse said second quarter revenue rose 2%, to $537 million, helped by a 10% increase in tuxedo rentals.
Rival JoS. A. Bank (NASDAQ:JOSB) beat Wall Street expectations when it reported earnings last week, and Phillips-Van Heusen (NYSE:PVH) beat estimates Wednesday.
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