The 10-second takeaway
For the quarter ended Feb. 2 (Q4), Men's Wearhouse met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. GAAP loss per share didn't change.
Gross margins were steady, operating margins dropped, net margins grew.
Men's Wearhouse logged revenue of $608.4 million. The three analysts polled by S&P Capital IQ predicted revenue of $607.0 million on the same basis. GAAP reported sales were 8.2% higher than the prior-year quarter's $562.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.07. The four earnings estimates compiled by S&P Capital IQ anticipated -$0.06 per share. GAAP EPS of -$0.07 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 40.0%, much about the same as the prior-year quarter. Operating margin was -1.1%, 10 basis points worse than the prior-year quarter. Net margin was -0.6%, 10 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $607.2 million. On the bottom line, the average EPS estimate is $0.55.
Next year's average estimate for revenue is $2.55 billion. The average EPS estimate is $2.87.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 222 members out of 272 rating the stock outperform, and 50 members rating it underperform. Among 83 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 70 give Men's Wearhouse a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Men's Wearhouse is outperform, with an average price target of $36.00.
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