1 794
Fashion Jobs
MYER
Retail Property Manager
Permanent · DOCKLANDS
MYER
Uniformed Loss Prevention Officer | North Lakes
Permanent · NORTH LAKES
MYER
Uniformed Loss Prevention Officer | Garden City, Carousel & Karrinyup
Permanent ·
MYER
Uniformed Loss Prevention Officer | Garden City, Carousel & Karrinyup
Permanent · KARRINYUP
MYER
Uniformed Loss Prevention Officer | Adelaide City & Tea Tree Plaza
Permanent · ADELAIDE
MYER
Uniformed Loss Prevention Officer | Adelaide City & Tea Tree Plaza
Permanent · MODBURY
MYER
Uniformed Loss Prevention Officer | Sydney City, Bondi, Eastgardens & Chatswood
Permanent · BONDI
MYER
Uniformed Loss Prevention Officer | Sydney City, Bondi, Eastgardens & Chatswood
Permanent · CHATSWOOD
MYER
Uniformed Loss Prevention Officer | Sydney City, Bondi, Eastgardens & Chatswood
Permanent · EASTGARDENS
MYER
Uniformed Loss Prevention Officer | Sydney City, Bondi, Eastgardens & Chatswood
Permanent ·
MYER
Uniformed Loss Prevention Officer | Miranda
Permanent · MIRANDA
UNILEVER
Site Training Coordinator
Permanent · MINTO
UNILEVER
Health & Wellbeing Regulatory Affairs Assistant Manager
Permanent · NORTH ROCKS
BULGARI
Sales Administrator
Permanent · SYDNEY
H&M
Facilities Manager
Permanent · SYDNEY
NIKE
Technical Operations Specialist - Pacific
Permanent · MELBOURNE
BOARDRIDERS
Anz Business Intelligence Manager
Permanent · BYRON BAY
SAINT LAURENT
Saint Laurent Finance Manager Anz
Permanent · SYDNEY
COTY
Influencer Marketing Manager (Rimmel & Maxfactor)
Permanent · SYDNEY
UNIVERSAL STORE
Area Sales Manager - Newcastle Region - Newcastle Region
Permanent · NEWCASTLE
LOUIS VUITTON MALLETIER
HR Business Partner
Permanent · SYDNEY
PORTMANS
Planner - Portmans
Permanent · MELBOURNE
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.