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%.