Men's Wearhouse lowers quarterly earnings outlook

NEW YORK (Reuters) - Men's Wearhouse (MW.N) lowered its third-quarter profit forecast on Wednesday, citing light customer traffic and fewer tuxedo rentals, sending the clothing retailer's shares down 4.6 percent in afterhours trade.

The Houston-based company reduced its third-quarter per-share earnings estimate to a range of 66 cents to 70 cents, compared with its previous forecast that called for earnings of 70 cents to 73 cents per share.

Analysts on average had been expecting 72 cents, according to Reuters Estimates.

The company said light customer traffic at its K&G stores was leading to weaker than planned same-store sales. The integration of its recently acquired After Hours chain hit some bumps which resulted in lower tuxedo rental unit volume during the adjustment period.

Men's Wearhouse shares fell to $46.25 after the bell, down from its close of $48.48 on the New York Stock Exchange.

(Reporting by Lisa Baertlein and Martinne Geller)