Men's Wearhouse (MW)

[MiamiGent]

Men's Wearhouse Reports Narrower-than-Expected Q4 Loss on Robust Sales -- Shares Gain

BY Midnight Trader — 5:46 PM ET 03/11/2015

http://stockcharts.com/h-sc/ui?s=mw

05:46 PM EDT, 03/11/2015 (MT Newswires) -- The Men's Wearhouse (MW) climbed in extended trading after the specialty apparel retailer reported narrower-than-estimated loss in its fiscal fourth quarter, buoyed by robust sales.

Shares of the Houston, Texas-based company gained as much as 6.7% after adding 0.3% to $48.04 at the close of regular trading on Wednesday. The stock is up 8.1% this year.

GAAP net loss expanded to $35.9 million, or $0.75 loss per diluted share, in the three months ended January 31, from GAAP net loss of $30.4 million, or $0.64 loss per diluted share, a year earlier.

Adjusted net loss was $0.03 per share, narrower than the $0.07 loss per share estimated by 6 analysts on average, according to Capital IQ.

Q4 sales increased 65.6% to $928.4 million from $560.6 million, topping the Wall Street consensus of $919.1 million.

Price: 51.02, Change: +2.98, Percent Change: +6.20