Men's clothing retailer Men's Wearhouse (MW) reported third quarter earnings after the close of trading that rose to $39.9 million, or $0.77 per share, from $25.3 million, or $0.47 per share, last year.
Adjusted earnings of $0.79 per share were well ahead of analyst expectations.
Total company net sales rose 6.3%, to $584.6 million, also ahead of analyst forecasts.
The company said it now expects full year adjusted earnings of $2.28 to $2.31 per share, compared to a prior forecast of $2.13 to $2.24 per share.
Rival Jos. A. Bank (JOSB) beat expectations with its third quarter earnings report last week.
Men's Wearhouse shares are trading higher Wednesday.
Also late yesterday, ladies retailer Talbots (TLB) said it had received an unsolicited takeover offer from private equity firm Sycamore Partners of $3 per share.
The company said it will consult with its legal and financial advisors to evaluate the offer.
Earlier in the week the struggling retailer announced CEO Trudy Sullivan would retire once a successor could be found.
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