Key Developments: Men's Wearhouse Inc (MW)
34.95USD
21 May 2013
$0.28 (+0.81%)
$34.50
$34.62
$35.03
$34.37
299,586
769,449
$38.59
$25.97
Latest Key Developments (Source: Significant Developments)
Men's Wearhouse Inc Closes On $400 Million Credit Agreement
Men's Wearhouse Inc announced it has closed on its amended and restated credit facility. The Credit Agreement provides the Company with a $300 million senior revolving credit facility, with possible future increases to $450 million under an expansion feature. In addition, the Credit Agreement provides for a $100 million term loan, available in a single advance during the period of 120 days after the closing date. If drawn, the term loan will be repaid over five years, with 10% payable annually in quarterly installments and the remainder due at maturity. The Credit Agreement matures on April 12, 2018. The Credit Agreement was led by JPMorgan Chase as the Administrative Agent, with Bank of America and US Bank as Co-Syndication Agents. The Company intends to use the credit facility for general corporate purposes. Full Article
Men's Wearhouse Inc Declares Quarterly Cash Dividend
Men's Wearhouse Inc announced that its Board of Directors declared a quarterly cash dividend of $0.18 per share on the Company's common stock, payable on June 28, 2013 to shareholders of record at the close of business on June 18, 2013. Full Article
Men's Wearhouse Inc Issues FY 2013 EPS Guidance
Men's Wearhouse Inc announced that for fiscal 2013, it expects GAAP diluted earnings per share in a range of $2.70 to $2.80, an increase of 5.9% to 9.8% over the prior year diluted earnings per share of $2.55 and an increase of 7.1% to 11.1% over the prior year diluted earnings per share adjusted for the 53(rd) week of $2.52. Full Article
Men's Wearhouse Inc Names Jon W. Kimmins as Chief Financial Officer
Men's Wearhouse Inc announced the appointment of Jon W. Kimmins as Executive Vice President, Chief Financial Officer and Treasurer, effective April 4, 2013. Kimmins' responsibilities will include finance, accounting, treasury and investor relations. He will report to Doug Ewert, Men's Wearhouse President and CEO, and will be based in the Company's Fremont, California headquarters. Full Article
Men's Wearhouse Inc Declares Quarterly Cash Dividend
Men's Wearhouse Inc announced that its Board of Directors declared a quarterly cash dividend of $0.18 per share on the Company's common stock, payable on March 29, 2013 to shareholders of record at the close of business on March 19 , 2013. Full Article
Men's Wearhouse Inc Lowers Q4, FY 2012 EPS Guidance-Conference Call
Men's Wearhouse Inc announced that for fourth quarter of 2012, it expects EPS to range from a loss per share of $0.05 to diluted earnings per share of $0.01. For fiscal 2012, it expects fully-diluted earnings per share range of $2.57 to $2.63. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $(0.03) for fourth quarter of 2012; EPS of $2.60 for fiscal 2012. Full Article
Men's Wearhouse Inc Declares Quarterly Cash Dividend
Men's Wearhouse Inc announced that Board of Directors declared a quarterly cash dividend of $0.18 per share on the Company's common stock, payable on December 21, 2012 to shareholders of record at the close of business on December 11, 2012. Full Article
Men's Wearhouse Inc Comments On Q3, Q4 2012 Revenue And Comparable Store Sales Outlook; Issues Q3 2012 EPS Outlook; Issues Q4 2012 EPS Outlook Above Estimates; Raises FY 2012 Outlook
Men's Wearhouse, Inc. announced that for third quarter of 2012, it expects total sales increase in a range 8.8% to 9.3%, GAAP diluted earnings per share (EPS) in a range of $0.95 to $0.98 and comparable store sales growth of +8% to +9%. For fourth quarter of 2012, it expects total sales increase in a range 11.3% to 11.8%, GAAP diluted earnings per share (EPS) in a range of $0.12 to $0.15 and comparable store sales growth of +3% to +4%. For fiscal 2012, it expects total sales increase of 4.8% to 5.6%, GAAP diluted EPS in a range of $2.74-$2.80 and comparable store sales growth of +4% to +5%. The Company reported revenue of $2.382 billion in fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $620 and EPS of $0.96 for third quarter of 2012; revenue of $610 million and EPS of $0.11 for fourth quarter of 2012; revenue of $2.48 billion and EPS of $2.71 for fiscal 2012. Full Article
Men's Wearhouse, Inc. Announces Departure Of Chief Financial Officer
Men's Wearhouse, Inc. announced that Neill P. Davis, Executive Vice President and Chief Financial Officer, has notified the Company that he intends to leave on August 2, 2012 to accept the position of President with Francesca's Holdings Corporation, a women's specialty retailer where he has served as a director for the past five years. Full Article
Men's Wearhouse, Inc. Declares Quarterly Cash Dividend
Men's Wearhouse, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.18 per share on the Company's common stock, payable on September 21, 2012, to shareholders of record at the close of business on September 11, 2012. Full Article
BRIEF-Men's Wearhouse shares up 14 percent in premarket trading
NEW YORK, March 14 - Men's Wearhouse Inc : * Shares up 14 percent in premarket trading
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