Men’s Wearhouse Posts Lower Q2 EPS and Revenue; Misses Estimates (MW)

After the bell on Wednesday, Men’s Wearhouse (MW) announced its second quarter earnings, posting lower earnings from last year’s comparable period.

The Houston, TX-based specialty retailer announced revenues for the quarter of $647.3 million, which were down from last year’s Q2 revenues of $662.3 million. For the company’s earnings, it posted $51 million, or $1.01 adjusted diluted EPS, down from 2012′s earnings of $59.4 million, or $1.15 per share. The company stated that part of the decrease in the EPS figure was due to a shift in tuxedo prom rentals to the first quarter.

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These results missed analysts’ estimates, which had EPS pegged at $1.10 on revenues of $669.55 million.

MW shares were down 24 cents, or .62%, at the end trading on Wednesday. YTD, the company’s stock is up more than 24%.