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Men's Wearhouse provides mid-quarter update
12 Apr '07
1 min read
Men's Wearhouse provided its mid-quarter update of earnings per share guidance for the fiscal first quarter that will be ending May 5, 2007.
Neill Davis, executive vice president and CFO, stated, "After a preliminary review of the first two months' results in our fiscal first quarter, we now expect Q1 2007 GAAP diluted EPS to be at the lower end of our initial guidance range of $0.63 to $0.67, primarily due to softening U.S. sales."
On April 9, 2007, the company completed the previously announced acquisition of After Hours Formalwear from Federated Department Stores.
The company's updated quarterly earnings per share estimates being provided do not reflect the results of the After Hours Formalwear acquisition.
The company will update its outlook for business results including the After Hours acquisition in conjunction with the release of its first quarter results on May 22, 2007.
At 5:00 p.m. Eastern time on May 22, 2007, company management will host a conference call and real time web cast to review the results for the fiscal first quarter of 2007 and provide an outlook for fiscal second quarter and update for fiscal 2007.
Neill Davis, executive vice president and CFO, stated, "After a preliminary review of the first two months' results in our fiscal first quarter, we now expect Q1 2007 GAAP diluted EPS to be at the lower end of our initial guidance range of $0.63 to $0.67, primarily due to softening U.S. sales."
On April 9, 2007, the company completed the previously announced acquisition of After Hours Formalwear from Federated Department Stores.
The company's updated quarterly earnings per share estimates being provided do not reflect the results of the After Hours Formalwear acquisition.
The company will update its outlook for business results including the After Hours acquisition in conjunction with the release of its first quarter results on May 22, 2007.
At 5:00 p.m. Eastern time on May 22, 2007, company management will host a conference call and real time web cast to review the results for the fiscal first quarter of 2007 and provide an outlook for fiscal second quarter and update for fiscal 2007.
Men's Wearhouse Inc
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