Seeking Alpha

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
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Comments (1)
  • phildevoyd
    , contributor
    Comments (168) | Send Message
    I'm short MW. And loving it. They paid too much for Bank.
    29 Jul 2014, 03:26 PM Reply Like
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