Men's Wearhouse Falls on 1Q Results, 2Q Outlook

Retailer forecasts weak 2Q

View Comments ()



    Men's Wearhouse
    Black by Vera Wang is the designer's new line of tuxedos available for rent at Men's Wearhouse.

    The Men's Wearhouse has reported disappointing fiscal first-quarter results and forecast a weak second quarter.

    The Houston-based clothing chain's profit fell short of its guidance Wednesday.

    Income declined 2 percent, to $26.9 million from $27.4 million. On a per-share basis its profit was unchanged at 52 cents per share. Revenue edged up 1 percent, to $586.6 million from $580.4 million.

    Men's Wearhouse had said its profit would be 53 to 54 cents per share over the three months ended April 28. Analysts expected income of 55 cents per share and $593.7 million in revenue.

    The company said the earlier Easter holiday helped its business, but revenue was hurt by later launch dates for customer uniforms.