Men's Warehouse (NYSE: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 (NASDAQ: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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