US: Tux rentals lift Men's Wearhouse income by 27%
Men's apparel retailer Men's Wearhouse said first-quarter income leapt 27% thanks to good business in tuxedo rentals.
First-quarter net income was US$28.9m compared to $22.7m last year on an approximately 6% sales rise to $434.6m. Same-store sales were up 2.7% in the US and 3.9% in Canada.
The company expects second-quarter net earnings of 53 cents to 55 cents per share and full-year earnings of $2.33 to $2.40.
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