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Men's Warehouse reports diluted EPS up $0.43 in Q2

18
Aug '05
North America's largest specialty retailers The Men's Wearhouse announced its consolidated financial results for the second quarter ended July 30, 2005.

- Second Quarter Diluted Earnings Per Share Up 30 percent to $0.43 Including Charges;

- Second Quarter Diluted Earnings Per Share Up 40 percent to $0.49 Excluding Charges;

- Company Provides Guidance for Q3 2005 and Raises Full Year Earnings Guidance

Diluted earnings per share increased to $0.43 for the second quarter ended July 30, 2005 compared to $0.33 last year. Net earnings were $24.4 million compared to $18.4 million last year. Excluding Eddie Rodriguez net operating losses, diluted earnings per share increased from $0.35 last year to $0.49 this year, a 40 percent increase.

Diluted earnings per share increased to $0.84 for year-to-date ended July 30, 2005 compared to $0.61 last year. Net earnings were $47.1 million compared to $33.4 million last year. Excluding Eddie Rodriguez net operating losses, diluted earnings per share increased from $0.63 last year to $0.95 this year, a 51 percent increase.

Click here to see the table:

2005 GUIDANCE
The Company has closed all six of its Eddie Rodriguez stores. Net operating losses from the Company's Eddie Rodriguez stores for the second quarter of fiscal year 2005 were $0.06 diluted earnings per share compared to the prior year's second quarter loss of $0.01 diluted earnings per share.


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