US: Men's Wearhouse improves Q2 earnings
Men's business and casual wear firm Men's Wearhouse said second-quarter earnings jumped 46%, beating forecasts.
The company, which attributed the increase to reduced product costs plus further growth of its tuxedo rentals, posted earnings of US$35.6m compared to $24.4m last year.
Total sales, meanwhile, rose 8.7% and same-store sales grew 3.7% in the US and 7.3% in Canada.
Men's Wearhouse foresees third-quarter net income of between 49 cents and 54 cents per share.
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