Heard during the Men's Wearhouse Analyst Day presentation

Men's Wearhouse (MW -9.5%) discloses at its Analyst Day presentation that it sees comp growth of 2% to 3% through 2017 and a gross margin improvement of 150 bps to 200 bps. Total sales should top $3.7B by 2017.

The timing of merger synergy realization is pushed back a bit by execs on some potential inventory issues.The tuxedo business will generate some nice savings as the JB business moves over to MW.

On the operational side, MW says it's learning from the profitable JB model.

FQ2 comp growth QTD: Men's Wearhouse +3.6%; Jos. A Bank +2.4%; Moores +8.3%.

Analyst Day webcast

From other sites
Comments (1)
  • phildevoyd
    , contributor
    Comments (216) | Send Message
    I'm short MW. And loving it. They paid too much for Bank.
    29 Jul 2014, 03:26 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs