Net sales up 1% at Men's Wearhouse in Q2 FY'12

For the fiscal year, the Company expects GAAP diluted earnings per share in a range of $2.74 to $2.80; an increase of 15% to 18% over the prior year adjusted diluted earnings per share.  Fiscal 2012 is a 53-week year with an extra week included in the fourth quarter.  Diluted earnings per share from the extra week are estimated at $0.02.

For the third quarter, GAAP diluted earnings per share is expected to be in a range of $0.95 to $0.98, a 20% to 24% increase over the prior year adjusted diluted earnings per share.  For the fourth quarter, GAAP diluted earnings per share is expected to be in a range of $0.12 to $0.15, a significant increase over the prior year adjusted loss per share of $0.05.

Men's Wearhouse is one of North America's largest specialty retailers of men's apparel with 1,153 stores.

Men's Wearhouse