88 242
Fashion Jobs
AMRG
Sales Supervisor - Part Time
Permanent · ELIZABETH
AMRG
Sales Supervisor - Part Time
Permanent · WOODBURY
URBN
Urbn Wholesale Coordinator (Day Shift)
Permanent · GAP
URBN
Urbn Operations Manager (Days)
Permanent · GAP
URBN
Free People District Manager
Permanent · DALLAS
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Full Time - 59th Street
Permanent · NEW YORK
AMERICAN EAGLE OUTFITTERS
Offline - Merchandise Leader (Part-Time) - us
Permanent · GARDEN CITY
AMERICAN EAGLE OUTFITTERS
Aerie - Merchandise Leader (Part-Time) - us
Permanent · GREENSBURG
AMERICAN EAGLE OUTFITTERS
Aerie - Merchandise Leader (Part-Time) - us
Permanent · LEESBURG
AMERICAN EAGLE OUTFITTERS
ae - Merchandise Leader (Part-Time) - us
Permanent · COLORADO SPRINGS
NORTH CAROLINA STATE
Teaching Academic Advisor
Permanent · RALEIGH
NORTH CAROLINA STATE
Research Scholar-Battle Lab
Permanent · RALEIGH
NORTH CAROLINA STATE
Director of Research
Permanent · RALEIGH
TIFFANY & CO
Engagement Jewelry Category Manager
Permanent · NEW YORK
VF CORPORATION
Altra: Sports Marketing Manager
Permanent · DENVER
VF CORPORATION
sr. Ecommerce Demand & Inventory Planner (Smartwool)
Permanent · DENVER
DUFRYS
General Manager
Permanent · MOBILE
OLD NAVY
Asset Protection Coordinator - Marshfield Plaza
Permanent · CHICAGO
ESSILORLUXOTTICA GROUP
Oakley - Sales Supervisor
Permanent · KING OF PRUSSIA
ESSILORLUXOTTICA GROUP
Oakley - Specialized Consultant
Permanent · LAS VEGAS
ROSS
Director, Zone
Permanent · ALEXANDRIA
ROSS
Senior Area Loss Prevention Manager
Permanent · SAN ANTONIO
By
Reuters
Published
Dec 9, 2009
Download
Download the article
Print
Text size

Men's Wearhouse forecasts fourth quarter loss, shares fall

By
Reuters
Published
Dec 9, 2009


Men's Wearhouse

LOS ANGELES, Dec 8 (Reuters) - Men's Wearhouse (MW.N) forecast on Tuesday 8 December a fourth-quarter loss, sending its shares down nearly 14 percent after the closing bell.

Men's Wearhouse forecast a fourth-quarter loss of between 15 cents and 19 cents a share.

Analysts were expecting Men's Wearhouse to post a profit of a penny a share in the fourth quarter, according to Thomson Reuters I/B/E/S.

On a conference call with analysts, the company said it was not planning to announce a special dividend, but is eyeing opportunities in 2010 and beyond.

The owner of nearly 1,300 stores under the Men's Wearhouse, Moores and K&G brands posted a better-than-expected quarterly profit on Tuesday 8 December, helped by higher tuxedo rental sales and lower costs.

The company saw a 35-percent jump in third-quarter net income to $19.7 million, or 37 cents a share, up from $14.6 million, or 28 cents a share, a year earlier.

It had forecast a third-quarter profit of between 27 cents and 30 cents a share in September.

Revenue at the company rose marginally to $462 million.

Analysts were looking for earnings of 33 cents a share, on revenue of $454.54 million.

Shares of the company dropped to $18.26 each in trading after the bell, down nearly 14 percent after they closed at $21.84 on the New York Stock Exchange. (Reporting by Shradhha Sharma in Bangalore and Laura Isensee in Los Angeles; Editing by Unnikrishnan Nair, Leslie Gevirtz)

© Thomson Reuters 2024 All rights reserved.