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Men's Wearhouse provides mid-quarter update
11 Oct '08
1 min read
Men's Wearhouse provided its mid-quarter update of earnings per share guidance for the fiscal third quarter that will be ending November 1, 2008.
Neill Davis, executive vice president and CFO, stated, "After a preliminary review of the first two months' results in our fiscal third quarter, we are updating our Q3 2008 GAAP diluted EPS estimate to be in the range of $0.22 to $0.26 and adjusted diluted EPS to be in a range of $0.24 to $0.28.
This estimate updates our prior guidance of GAAP diluted EPS of $0.34 to $0.38 and adjusted diluted EPS of $0.36 to $0.40 provided on August 27, 2008.
"The Company's retail apparel operations in the United States have experienced reduced traffic levels from previous expectations, largely a direct reflection of the recent turmoil in the credit markets which appears to be impacting consumer buying patterns and levels.
We are estimating those trends will continue through the final month of the quarter. Tuxedo rental revenues, quarter to date, are trending positively to the company's initial plans for the quarter."
Neill Davis, executive vice president and CFO, stated, "After a preliminary review of the first two months' results in our fiscal third quarter, we are updating our Q3 2008 GAAP diluted EPS estimate to be in the range of $0.22 to $0.26 and adjusted diluted EPS to be in a range of $0.24 to $0.28.
This estimate updates our prior guidance of GAAP diluted EPS of $0.34 to $0.38 and adjusted diluted EPS of $0.36 to $0.40 provided on August 27, 2008.
"The Company's retail apparel operations in the United States have experienced reduced traffic levels from previous expectations, largely a direct reflection of the recent turmoil in the credit markets which appears to be impacting consumer buying patterns and levels.
We are estimating those trends will continue through the final month of the quarter. Tuxedo rental revenues, quarter to date, are trending positively to the company's initial plans for the quarter."
Men's Wearhouse
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