HOUSTON, Jan. 7 /PRNewswire-FirstCall/ — Men’s Wearhouse (NYSE: MW) today provided its mid-quarter update of earnings per share guidance for the fiscal fourth quarter that will be ending January 31, 2009.

Neill Davis, executive vice president and CFO, stated, “After a preliminary review of the first two months’ results in our fiscal fourth quarter, we are expecting our Q4 2008 GAAP diluted EPS estimate to be at the lower end of our previously issued guidance range of $0.00 to a loss of $0.18 provided on November 19, 2008.

“Sales and operating income results quarter-to-date are in line with initial expectations within the Company’s operations based in the United States. However, sales results of the Company’s Canadian operations were below initial expectations. The Company does not expect any material change in results in the final month of the fiscal quarter from that experienced over the November/December period.”

CONFERENCE CALL AND WEBCAST INFORMATION

At 5:00 p.m. Eastern time on March 11, 2009, company management will host a conference call and real time web cast to review the results for the fiscal fourth quarter and full year 2008 and provide an outlook for fiscal 2009.

To access the conference call, dial 303-262-2140. To access the live webcast presentation, visit the Investor Relations section of the Company’s website at www.tmw.com. A telephonic replay will be available through March 18, 2009 and by calling 303-590-3000 and entering the access code of 11124766#, or a webcast archive will be available free on the website for approximately 90 days.

Founded in 1973, Men’s Wearhouse is one of North America’s largest specialty retailers of men’s apparel with 1,297 stores. The Men’s Wearhouse, Moores and K&G stores carry a full selection of designer, brand name and private label suits, sport coats, furnishings and accessories and the MW Tux (formerly After Hours) stores carry a limited selection. Tuxedo rentals are available in the Men’s Wearhouse, Moores and MW Tux stores.

This press release contains forward-looking information. The forward-looking statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be significantly impacted by various factors, including sensitivity to economic conditions and consumer confidence, possibility of limited ability to expand Men’s Wearhouse stores, possibility that certain of our expansion strategies may present greater risks and other factors described in the Company’s annual report on Form 10-K for the year ended February 2, 2008 and subsequent Forms 10-Q.

For additional information on Men’s Wearhouse, please visit the Company’s website at www.tmw.com.

    CONTACT:  Neill Davis, EVP & CFO, Men's Wearhouse  (281) 776-7000
              Ken Dennard, DRG&E  (713) 529-6600

SOURCE Men’s Wearhouse