More on Mens Wearhouse (MW): Q1 misses on both EPS and revenue due to stagnant sales. Retail...
More on Mens Wearhouse (MW): Q1 misses on both EPS and revenue due to stagnant sales. Retail segment sales were weak, increasing just 3.1% versus the prior year, while corporate apparel sales dropped over 16% during the same period, primarily due to later launch dates for customer new uniform programs. The company also guides FY12 EPS expectations lower, now anticipating earnings in a range of $2.70 to $2.78 per share. Street estimates are for an EPS of $2.85. Shares -19.2% AH.
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