The Men's Wearhouse Reports Q1 Results

Shares of The Men's Wearhouse MW are trading higher in the after-hours following the release of the company's Q1 earnings results. Currently MW is higher by 0.46%, at $30.25; shares ended the regular session lower by 2.27%, at $30.11. The Men's Wearhouse reported Q1 EPS of $0.53 on revenues of $520.7 million. Total gross margin, as a percentage of total net sales, was flat at 42.5%. Q2 Adjusted diluted earnings per share are expected to be in a range of $1.02 to $1.05. Adjusted earnings per share exclude acquisition integration expenses of $0.9 million ($0.6 million after tax or $0.01 per diluted share outstanding). The Men's Wearhouse, Inc. is a specialty retailer of men's suits and a provider of tuxedo rental product in the United States and Canada. At January 30, 2010, the company operated 1,259 retail stores, with 1,142 stores in the United States and 117 stores in Canada.