Men's Wearhouse Inc. (MW) reported a fourth quarter net loss of $0.07 per share after the bell Wednesday, compared to the loss of $0.07 per share last year. The consensus estimate was for a loss of $0.05.
The company also announced that it has hired Jefferies & Co. to assist it in evaluating strategic alternatives for its K&G operations in order to better focus its efforts on Men's Wearhouse and Moores men's specialty apparel retailing.
Men's Wearhouse gapped open sharply higher Thursday and is now up 2.68 at $31.75 on above average volume. The stock has jumped to a month and a half high and has re-crossed both its 50 and 200-day moving averages.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.