Moreover, on June 10, Men’s Wearhouse announced its partnership with Kenneth Cole to bring a brand-new special collection of men’s custom-made clothing under the label “AWEARNESS Kenneth Cole”. A part of the revenues generated from the sale of these products will serve as a donation towards helping veterans assimilate back into civilian life and into the workplace. The Chief Executive Officer of Men’s Wearhouse, Doug Ewert, claimed that this partnership is part of the company’s wider goal of giving back to the communities in which the company serves. Therefore, the cooperation will not only boost the company’s revenues, but will also increase the awareness and brand image of Men’s Wearhouse throughout the United States.
Finally, we will quickly go through the company’s financial performance during the most up-to-date fiscal quarter. Men’s Wearhouse has delivered better-than-expected financial results for the fiscal first quarter of 2015 ending on May 2, reporting revenue of $885.1 million for the quarter. At the same time, the retail chain reported a net income of $10.4 million or $0.21 per share, after reporting a loss for the same period a year ago. Adjusted for costs related to mergers and acquisitions and non-recurring costs, earnings came in at $0.54 per share, beating the analysts’ estimates of $0.52 per share and sending shares up by 5% in trading today. Having said that, it’s quite clear that the company is on a good run and the stock might have more upward momentum left, so it’s worth keeping a close eye on Men’s Wearhouse. In the meantime, some of the largest investors in Men’s Wearhouse Inc. (NYSE:MW) from our database include Robert Pohly’s Samlyn Capital and Frank Brosens’ Taconic Capital, owning 2.26 million shares and 1.66 million shares, respectively.