Mens Wearhouse has a market cap of $1.75 billion; its shares were traded at around $29.255 with a P/E ratio of 14.5 and P/S ratio of 0.7. The dividend yield of Mens Wearhouse stocks is 2.1%. Mens Wearhouse had an annual average earning growth of 10.5% over the past 10 years.
Highlight of Business Operations:For the quarters ended April 28, 2012 and April 30, 2011, 0.2 million and 0.5 million anti-dilutive stock options were excluded from the calculation of diluted earnings per common share attributable to common shareholders, respectively.
We had revenues of $586.6 million, gross margin of $254.0 million and net earnings attributable to common shareholders of $26.9 million for the quarter ended April 28, 2012, compared to revenues of $580.4 million, gross margin of $246.6 million and net earnings attributable to common shareholders of $27.4 million for the quarter ended April 30, 2011. We increased our revenues by $6.2 million or 1.1% and our gross margin by $7.4 million or 3.0%, while net earnings attributable to common shareholders declined by $0.5 million or 2.0%.
Comparable store sales (which are calculated by excluding the net sales of a store for any month of one period if the store was not open throughout the same month of the prior period) increased 3.8% at Mens Wearhouse/Mens Wearhouse and Tux, increased 7.1% at Moores and decreased 4.0% at K&G. The increase at Mens Wearhouse/Mens Wearhouse and Tux resulted from increased average unit retails (net selling prices) that more than offset decreases in the units sold per transaction and the average number of transactions per store. The increase at Moores was driven by increased average unit retails and increased units sold per transaction that more than offset a decrease in the average number of transactions per store. The decrease at K&G was due to decreased average unit retails that more than offset increases in units sold per transaction and the average number of transactions per store. Tuxedo rental service revenues increased primarily due to increased unit rentals in the U.S.
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