Men's Wearhouse Reports Third Quarter EPS of $.57

The Men's Wearhouse MW today announced its consolidated financial results for the third quarter ended October 30, 2010. GAAP diluted earnings per share were $0.47 for the third quarter ended October 30, 2010. Adjusted diluted earnings per share were $0.57 after excluding $1.4 million ($1.1 million after tax or $0.02 per diluted share outstanding) in acquisition transaction and integration expenses, $2.0 million ($1.5 million after tax or $0.03 per diluted share outstanding) in tuxedo distribution closure costs and $3.2 million ($2.4 million after tax or $0.05 per diluted share outstanding) for non-cash asset impairment charges. This compares to adjusted diluted earnings per share guidance given September 8, 2010 of $0.40 to $0.47.