Men's Warehouse (MW) announced that it earned $48.8 million, or 98 cents per share, versus $39.9 million, or 77 cents per share in the same period last year. Revenue increased by 8% to $630.97 million. Analysts had expected a profit of 97 cents per share on revenue of $631.3 million. The company also cut its fourth quarter and full year earnings outlook.
Shares are lower by about 3.3 percent.
Last month, rival JoS. A. Bank Clothiers (JOSB) announced that it earned $13.3 million, or 47 cents per share, versus $15 million, or 54 cents per share, in the same period last year. Revenue increased by 11 percent to $232.9 million.
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