Men's Wearhouse Provides Mid-Quarter Update
HOUSTON, July 11 /PRNewswire-FirstCall/ -- Men's Wearhouse (NYSE: MW) today provided its mid-quarter update of earnings per share guidance for the fiscal second quarter that will be ending August 4, 2007.
Neill Davis, executive vice president and CFO, stated, "After a preliminary review of the first two months' results in our fiscal second quarter, we now expect Q2 2007 GAAP diluted EPS to meet or exceed the higher end of our initial guidance range of $0.88 to $0.92, primarily due to stronger retail apparel sales at the company's traditional Men's Wearhouse stores."
CONFERENCE CALL AND WEBCAST INFORMATION
At 5:00 p.m. Eastern time on August 22, 2007, company management will host a conference call and real time web cast to review the results for the fiscal second quarter of 2007 and provide an outlook for fiscal third quarter and update for fiscal 2007.
To access the conference call, dial 303-262-2142. To access the live webcast presentation, visit the Investor Relations section of the company's website at http://www.tmw.com. A telephonic replay will be available through August 29, 2007 and by calling 303-590-3000 and entering the access code of 11093425#, 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 1,267 stores. The stores carry a full selection of designer, brand name and private label suits, sport coats, furnishings and accessories, including tuxedo rentals available in the Men's Wearhouse, Moores, After Hours and select K&G 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 unfavorable local, regional and national economic developments, disruption in retail buying trends due to homeland security concerns, severe weather conditions, aggressive advertising or marketing activities of competitors and other factors described herein and in the company's annual report on Form 10-K for the year ended February 3, 2007 and subsequent Form 10-Q.
For additional information on Men's Wearhouse, please visit the company's website at http://www.tmw.com.
CONTACT: Neill Davis, EVP & CFO, Men's Wearhouse (713) 592-7200
Ken Dennard, DRG&E (713) 529-6600
SOURCE Men's Wearhouse
Released July 11, 2007