Men's Wearhouse Posts Strong Earnings and Sales (MW)

The Men's Wearhouse, Inc. MW reports Q2 EPS of $0.83 versus estimates of $0.77. The Men's Wearhouse, Inc. reports revenues of $537 million versus estimates of $535.01 million. Total company sales increased 2.0% for the quarter. Total inventories of $416.4 million declined 3.3% from the prior year second quarter of $430.8 million. Clothing product sales, representing 67.5% of fiscal second quarter 2010 total net sales, decreased 0.6% due mainly to a decrease in store traffic levels at Men's Wearhouse and a decrease in the average transaction value at K&G. Shares of MW are higher in the after-hours by 2.43%.