SITE SEARCH | NEWS | EARNINGS | CALENDARS | MUTUAL FUNDS
Sector Tables: Energy - Retail - Utilities - REIT - Banks - Brokerage - ETFs | Oil Data
Login | Subscribe to Ticker
Market Update Analysis: 
Men’s Wearhouse First Quarter Earnings Call
Author: Albena Toncheva
123jump.com
Last Update: 9:50 AM EDT May 24 2007


(Continued)

Email article | Print article

Men’s Wearhouse reported revenue increase of 14.42% to $496.1 million, including $26 million rental revenue from the recently acquired After Hours. While the comparable store sales dropped 1.3% in US due to soft traffic, it increased 5.8% in the Canadian operation. During the quarter, the company repurchased 444,100 shares at a value of $19.3 million. The second quarter earnings per share guidance, excluding the After Hours acquisition, is being set at a range of 73 cents to 75 cents.

 
Neill Davis: Our retail inventories are up 2% in the first quarter. We are taking a posture, an appropriate level of open divides for the back half of the year, in light of our expectations for sales. We’re being appropriately cautious, but not overly aggressive, so we are looking to be in a position of well-inventoried, regardless of what direction the business goes.
  1  2  3  4  5 More: Market Update Archive

 

 
About Us | Contact Us | Privacy Policy | Disclaimer

©1999-2008 123jump.com. All rights reserved