"You're going to like the way you look," Men's Wearhouse (NYSE:MW) CEO George Zimmer announces in his ads. "I guarantee it."

The mystery here is whether he is talking about his patrons or his shareholders. The stock has quadrupled in value since bottoming out three years ago, so at least we know that the shareowners have to like the way their portfolio looks.

But looks can be deceiving. The stock took an ugly 8% hit Wednesday night after the company tempered healthy third-quarter results with an unexpectedly disappointing outlook for the current quarter.

Men's Wearhouse is looking to earn $0.48 a share in the holiday quarter. That includes a $0.03-per-share tax hit caused by the repatriation of profits from its Canadian stores. However, even if you tack that back on, the company's new forecast falls short of Wall Street's projections of $0.52 a share.

Men's Wearhouse had produced healthy comps during the third quarter on the way to a 41% improvement in adjusted profitability, but it is expecting slower growth at the store level in the current period.

What does this all mean for Men's Wearhouse investors? It means that one shouldn't panic. This is still a quality company trading at roughly 15 times this year's earnings. There aren't too many publicly traded retailer chains specializing in what ZZ Top would call a sharp-dressed man, but Jos. A. Bank (NASDAQ:JOSB) is one, and it trades at better than 20 times this year's profit targets.

Men's Wearhouse is priced at an earnings multiple closer to that of Macy's parent Federated (NYSE:FD), and as a growth stock investor, I would favor the growth potential of Men's Wearhouse over Federated.

Then again, growing sales at just 13% this past quarter isn't going to get Rule Breakers subscribers drooling over the possibilities. They favor higher-octane adrenaline stocks. Still, for a reasonable market value, you can do far worse than Men's Wearhouse.

I guarantee it. Right, George?

Longtime Fool contributor Rick Munarriz doesn't mind dressing up -- or dressing down. He does not own shares in any of the companies mentioned in this story. The Fool has a disclosure policy. Rick is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early.