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Men's Wearhouse Reports Fiscal 2006 Fourth Quarter and Year End Results

Board of Directors Approves Increased Quarterly Dividend

* Q4 2006 GAAP diluted EPS was $0.95 versus $0.60 in 2005 * Fiscal 2006 GAAP diluted EPS was $2.71 versus $1.88 in 2005 * Company estimates fiscal 2007 GAAP diluted EPS in a range of $2.80 to $2.91 * Conference call at 5:00 pm eastern today

HOUSTON, March 7 /PRNewswire-FirstCall/ -- The Men's Wearhouse (NYSE: MW) today announced its consolidated financial results for the fourth quarter and 53-week year ended February 3, 2007. The results include an extra week in fiscal 2006 as well as other significant items, which are outlined in the attached reconciliation table. In addition, the company's board of directors approved a quarterly dividend of $0.06 per share payable on July 6, 2007 to shareholders of record on June 27, 2007. The previous quarterly dividend amount was $0.05 per share.

George Zimmer, founder, chairman, and chief executive officer, stated, "Fiscal 2006 represented yet another year of outstanding results for all of our stakeholders. In November 2006, we announced entering into an agreement to acquire After Hours Formalwear, a $250 million tuxedo rental revenue company which is currently expected to close in the first half of fiscal 2007. Also in November 2006, we elected to redeem and retire our $130 million convertible bond indebtedness thereby strengthening our balance sheet. In January 2007, we were named once again by FORTUNE(R) magazine as one of the 100 Best Companies to Work for In America. Lastly, the Board of Directors has approved a 20% increase in the company's quarterly cash dividend from $0.05 per share to $0.06 per share."



    FOURTH QUARTER RESULTS

                  Fourth Quarter Sales Summary - Fiscal 2006

                                                 Total         Comparable
                          U.S. dollars, in       Sales         Store Sales
                              millions          Change %         Change %
                          Current     Prior                 Current     Prior
                          Year [A]     Year                 Year [A]     Year

    Total Company          $556.8     $497.0     + 12.0%
      TMW                  $351.5     $319.3     + 10.1%       0.0%     + 5.1%
      K&G                  $130.1     $113.9     + 14.2%     - 6.1%     + 9.3%
        United States      $486.7     $437.4     + 11.3%     - 1.5%     + 6.1%
      Moores (C$)           $80.8      $69.6     + 16.1%     + 9.8%     + 0.9%

     [A]  The company follows the retail 4-5-4 reporting calendar which
          includes an extra week in the fourth quarter of fiscal 2006.  Total
          Company sales on a 13-week basis increased 5.7% from $497.0 to
          $525.1.

Fourth quarter 2006 operating income was $73.2 million compared to $55.6 million last year, and net income was $52.3 million compared to $32.7 million last year. GAAP diluted earnings per share were $0.95 for the fourth quarter ended February 3, 2007 compared to $0.60 last year. Adjusted diluted earnings per share for the 2006 fiscal fourth quarter was $0.81 per share compared to adjusted diluted earnings per share of $0.67 last year. For additional information regarding adjusted diluted earnings per share, please see the table included below as well as the non-GAAP reconciliations provided at the end of this release.

    Fourth Quarter Highlights

     *  Total company sales increased 12.0% for the quarter, including this
        year's 53rd week and 5.7% on a 13-week basis.  Apparel sales,
        representing 90.8% of total sales, increased 10.6%.  Tuxedo rental
        revenues, representing 2.7% of total sales, increased 26.1%.

     *  Comparable store sales declined 1.5% for the company's United States
        based stores, below the initial guidance of +1% to +2%.  This under
        plan performance stems from soft traffic levels which are reflected in
        soft tailored clothing sales.  On a two year basis, comparable store
        sales increased 4.6%.

     *  Comparable store sales increased 9.8% for the company's Canadian based
        stores, ahead of initial guidance in the +2% to +4% range.  This above
        plan performance is a reflection of strong increases in both traffic
        levels and average ticket.  On a two year basis, comparable store
        sales increased 10.7%.

     *  Gross profit, as a percentage of sales, increased 331 basis points
        from 41.29% to 44.60%.  Above plan comparable sales in Canada,
        generally better maintained merchandise margins in both the U.S. and
        Canada, and a stronger than expected 53rd week of the year more than
        offset the impact of under plan comparable store sales results in the
        U.S.

     *  Selling, general, and administrative expenses as a percentage of sales
        increased 135 basis points from 30.11% to 31.46%; however this
        increase was lower than plan, primarily as a result of lower
        advertising, payroll, and employee healthcare expenses.

     *  The effective tax rate for the quarter of 28.7% was substantially
        lower than the previously anticipated level of 36.0%.  This was due to
        favorable developments on certain outstanding income tax matters.

     *  During the quarter the company repurchased 764,600 shares for a total
        of $28.8 million.



    YEAR-TO-DATE RESULTS

                         Sales Summary - Fiscal 2006

                                                 Total         Comparable
                          U.S. dollars, in       Sales         Store Sales
                              millions          Change %         Change %

                          Current     Prior                 Current     Prior
                          Year [B]     Year                 Year [B]     Year
    Total Company         $1,882.1   $1,724.9    + 9.1%
      TMW                 $1,216.2   $1,129.0    + 7.7%      + 3.1%    +  6.2%
      K&G                   $418.3     $384.2    + 8.9%      - 1.8%    + 16.4%
        United States     $1,653.5   $1,531.4    + 8.0%      + 1.9%    +  8.4%
      Moores (C$)           $259.3     $232.9   + 11.3%      + 8.7%    +  2.7%

     [B]  The company follows the retail 4-5-4 reporting calendar which
          includes an extra week in fiscal 2006.  Total Company sales on a
          52-week basis increased 7.3% from $1,724.9 to $1,850.3.

2006 operating income was $223.9 million compared to $165.3 million last year, and net income was $148.6 million compared to $103.9 million last year. GAAP diluted earnings per share were $2.71 for the year ended February 3, 2007 compared to $1.88 last year. Adjusted diluted earnings per share for fiscal 2006 were $2.63 per share compared to adjusted diluted earnings per share of $2.04 last year. For additional information regarding adjusted diluted earnings per share, please see the table included below as well as the non- GAAP reconciliations provided at the end of this release.

2007 GUIDANCE AND HIGHLIGHTS

For the fiscal year ending February 2, 2008, the company expects GAAP diluted earnings per share in a range of $2.80 to $2.91 based on a +1% to +2% same store sales increase in the U.S. and +3% to +4% in Canada, an effective tax rate of approximately 37.55% and fully diluted shares outstanding of 54.6 million. The 2007 guidance and highlights do not give effect to the After Hours acquisition.

    Forecasted operating highlights for the full year include the following:

     *  New store growth includes up to 15 net new K&G stores and 19 net new
        Men's Wearhouse stores.  Total square footage growth is expected in
        the mid to high single digit range.

     *  Total sales for fiscal 2007 on a comparable 52 week basis are expected
        to increase in a range of 5% to 7% over the prior fiscal year.

     *  Gross margins are planned to continue to increase and stem largely
        from the company's ongoing strategy of increasing the penetration of
        its private label apparel product offerings and growth in tuxedo
        rentals.

     *  Selling, general, and administrative expenses, as a percentage of
        sales, are expected to be flat year over year.  Expense leverage is
        expected in advertising and payroll; however it is being offset by
        increases in stock based compensation and general corporate overhead
        expenses.

     *  Operating income margins, on a comparable 52 week year basis, are
        anticipated to increase in the range of 50 to 90 basis points over the
        prior year.

For the first quarter of 2007, the company expects +1% to +2% same store sales growth in the U.S. and +5% to +6% in Canada and GAAP diluted earnings per share to be in the range of $0.63 to $0.67. In 2007, the start of the company's fiscal calendar is later than in the past because of last year's 53rd week. This late start means that the seasonal peak period (fiscal month of May) for the company's tuxedo rentals business will shift one week earlier in the fiscal calendar and therefore is expected to benefit the company's first quarter at the expense of the second quarter.

IMPACT OF SIGNIFICANT ITEMS

In order to aid investors' understanding of the company's results and to improve comparability of financial information from period to period, explanatory non-GAAP reconciliation tables are included at the end of this press release. Summarized earnings per share information from these tables follows:



      Summary Reconciliation of GAAP diluted EPS to Adjusted diluted EPS

                       UNAUDITED HISTORICAL RESULTS (1)

                                                   Fiscal 2005
                                          1Q    2Q     3Q      4Q     YR

     GAAP Diluted EPS                    0.41  0.43   0.44    0.60    1.88

     Adjustments (2)
       Eddie Rodriguez Costs (3)         0.05  0.06                   0.11
       Stock Based Compensation (4)
         Reported in Earnings                  0.01   0.01    0.01    0.03
       53rd Week Impact (5)
       Foreign Earnings
        Repatriation (6)                                      0.07    0.07
       Discrete Tax Items (7)                        (0.04)  (0.02)  (0.05)
         Net Adjustments                 0.05  0.07  (0.02)   0.07    0.17

     Adjusted Diluted EPS                0.46  0.50   0.41    0.67    2.04



                                                    Fiscal 2006
                                          1Q     2Q     3Q     4Q     YR

     GAAP Diluted EPS                    0.53   0.65   0.58   0.95    2.71

     Adjustments (2)
       Eddie Rodriguez Costs (3)
       Stock Based Compensation (4)
         Reported in Earnings            0.02   0.02   0.02   0.02    0.08
       53rd Week Impact (5)                                  (0.08)  (0.08)
       Foreign Earnings
         Repatriation (6)
       Discrete Tax Items (7)                                (0.09)  (0.09)
         Net Adjustments                 0.02   0.02   0.02  (0.14)  (0.08)

     Adjusted Diluted EPS                0.55   0.67   0.60   0.81    2.63



                                   GUIDANCE

                                                    Fiscal 2007
                                               1Q                YR

     GAAP Diluted EPS                      0.63 - 0.67       2.80 - 2.91

     Adjustments (2)
       Eddie Rodriguez Costs (3)
       Stock Based Compensation (4)
         Reported in Earnings                 0.02              0.09
          53rd Week Impact (5)
       Foreign Earnings
        Repatriation (6)
       Discrete Tax Items (7)
                  Net Adjustments             0.02              0.09

     Adjusted Diluted EPS                  0.65 - 0.69       2.89 - 3.00

     (1)  Due to the effect of rounding, the sum of the per share amounts may
          not equal the effect of the adjustments.
     (2)  Net of tax.
     (3)  The company ceased operating its test of the new retail concept
          "Eddie Rodriguez" in the second quarter of fiscal 2005.
     (4)  In fiscal 2005 and 2006, the company did not grant non-qualified
          stock options (NQO's) to key employees, opting instead to issue
          primarily deferred stock units (DSU's).  In 2006, the company began
          recognizing stock option expense as it adopted FASB No. 123R.
          Amounts reported in earnings for 2005 include primarily DSU's and
          for 2006 and later periods include DSU's and NQO's.
     (5)  Fiscal 2006 includes one additional week (for a total of 53 weeks)
          as the company reports its fiscal operations on a retail calendar.
     (6)  The company incurred a one-time tax expense of $3.9 million
          ($0.07 per share) related to the repatriation of foreign earnings
          under the provisions of the American Jobs Creation Act.
     (7)  Adjustments to tax reserves associated with favorable developments
          on certain outstanding income tax matters.

    CONFERENCE CALL AND WEBCAST INFORMATION

At 5:00 p.m. Eastern time today, company management will host a conference call and real time web cast to review the results for the fiscal fourth quarter and full year 2006 and provide an outlook for fiscal 2007.

To access the conference call, dial 303-262-2142. To access the live webcast presentation, visit the Investor Relations section of the company's website at http://www.tmw.com . A telephonic replay will be available through March 22nd by calling 303-590-3000 and entering the access code of 11082837#, or a webcast archive will be available free on the website for approximately 90 days.



    STORE INFORMATION

                                February 3, 2007       January 28, 2006

                                Number     Sq. Ft.    Number     Sq. Ft.
                              of Stores    (000's)   of Stores   (000's)

    Men's Wearhouse              543       3,014.8      526      2,898.4
    Moores, Clothing for Men     116         722.7      116        719.8
    K&G [C]                       93       2,201.6       77      1,835.2
    Total                        752       5,939.1      719      5,453.4

     [C] 73 and 52 stores, respectively, offering women's apparel.

Founded in 1973, Men's Wearhouse is one of North America's largest specialty retailers of men's apparel with 752 stores. The stores carry a full selection of designer, brand name and private label suits, sport coats, furnishings and accessories, including tuxedo rentals available in the Men's Wearhouse and Moores stores.

This press release contains forward-looking information. The forward- looking statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be significantly impacted by various factors, including unfavorable local, regional and national economic developments, disruption in retail buying trends due to homeland security concerns, severe weather conditions, aggressive advertising or marketing activities of competitors, governmental actions and other factors described herein and in the company's annual report on Form 10-K for the year ended January 28, 2006 and subsequent Forms 10-Q.

For additional information on Men's Wearhouse, please visit the company's website at http://www.tmw.com .

     CONTACT:  Neill Davis, EVP & CFO, Men's Wearhouse  (713) 592-7200
               Ken Dennard, DRG&E  (713) 529-6600



     THE MEN'S WEARHOUSE, INC. AND SUBSIDIARIES
     CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
     (Unaudited)

                          FOR THE THREE MONTHS ENDED
                    February 3, 2007 AND January 28, 2006
                    (In thousands, except per share data)

                                               Three Months Ended

                                              % of                   % of
                                   2006       Sales       2005       Sales

    Net sales                    $556,845    100.00%    $496,978    100.00%
    Cost of goods sold,
     including buying,
     distribution and
     occupancy costs              308,470     55.40%     291,751     58.71%
          Gross margin            248,375     44.60%     205,227     41.29%

    Selling, general and
     administrative expenses      175,187     31.46%     149,658     30.11%

    Operating income               73,188     13.14%      55,569     11.18%

    Interest income                (2,537)    (0.46%)     (1,158)    (0.23%)
    Interest expense                2,390      0.43%       1,461      0.29%

    Earnings before income taxes   73,335     13.17%      55,266     11.12%

    Provision for income taxes     21,011      3.77%      22,532      4.53%

    Net earnings                  $52,324      9.40%     $32,734      6.59%

    Net earnings per share:
      Basic                         $0.99                  $0.62
      Diluted                       $0.95                  $0.60

    Weighted average common
     shares outstanding:
      Basic                        52,965                 52,862
      Diluted                      54,843                 54,166



     THE MEN'S WEARHOUSE, INC. AND SUBSIDIARIES
     CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
     (Unaudited)

                         FOR THE TWELVE MONTHS ENDED
                    February 3, 2007 AND January 28, 2006
                    (In thousands, except per share data)

                                              Twelve Months Ended

                                              % of                     % of
                                  2006        Sales        2005        Sales

    Net sales                  $1,882,064    100.00%    $1,724,898    100.00%
    Cost of goods sold,
     including buying,
     distribution and
     occupancy costs            1,066,359     56.66%     1,027,763     59.58%
          Gross margin            815,705     43.34%       697,135     40.42%

    Selling, general and
     administrative expenses      591,767     31.44%       531,839     30.83%

    Operating income              223,938     11.90%       165,296      9.58%

    Interest income                (9,786)    (0.52%)       (3,280)    (0.19%)
    Interest expense                9,216      0.49%         5,888      0.34%

    Earnings before income taxes  224,508     11.93%       162,688      9.43%

    Provision for income taxes     75,933      4.03%        58,785      3.41%

    Net earnings                 $148,575      7.89%      $103,903      6.02%

    Net earnings per share:
      Basic                         $2.80                    $1.93
      Diluted                       $2.71                    $1.88

    Weighted average common
     shares outstanding:
      Basic                        53,111                   53,753
      Diluted                      54,749                   55,365



     THE MEN'S WEARHOUSE, INC. AND SUBSIDIARIES
     CONDENSED CONSOLIDATED BALANCE SHEETS
     (In thousands)
     (Unaudited)

                                                  February 3,    January 28,
                                                     2007           2006

                         ASSETS

    Current assets:
      Cash and cash equivalents                     $179,694       $200,226
      Short-term investments                             ---         62,775
      Inventories                                    448,586        416,603
      Other current assets                            52,549         50,008

        Total current assets                         680,829        729,612
    Property and equipment, net                      289,640        269,586
    Goodwill                                          56,867         57,601
    Other assets, net                                 69,616         66,475

        Total assets                              $1,096,952     $1,123,274

    LIABILITIES AND SHAREHOLDERS' EQUITY

    Current liabilities                             $226,138       $238,085
    Long-term debt                                    72,967        205,251
    Deferred taxes and other liabilities              44,075         52,405
    Shareholders' equity                             753,772        627,533

        Total liabilities and equity              $1,096,952     $1,123,274



     THE MEN'S WEARHOUSE, INC. AND SUBSIDIARIES
     CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
     (Unaudited)

                         FOR THE TWELVE MONTHS ENDED
                    February 3, 2007 AND January 28, 2006
                                (In thousands)

                                                      Twelve Months Ended
                                                      2006           2005

    CASH FLOWS FROM OPERATING ACTIVITIES:
      Net earnings                                  $148,575       $103,903
      Non-cash adjustments to net earnings:
        Depreciation and amortization                 61,387         61,874
        Other                                         27,002         18,558
      Changes in assets and liabilities              (76,170)       (29,774)

          Net cash provided by
           operating activities                      160,794        154,561

    CASH FLOWS FROM INVESTING ACTIVITIES:
      Capital expenditures                           (72,904)       (66,499)
      Purchases of available-for-sale investments   (279,120)      (106,850)
      Proceeds from sales of available-for-sale
       investments                                   341,895         44,075
      Other                                           (1,506)          (141)

          Net cash used in investing activities      (11,635)      (129,415)

    CASH FLOWS FROM FINANCING ACTIVITIES:
      Cash dividends paid                            (10,830)           ---
      Bank borrowings                                    ---         71,695
      Principal payments on debt                    (130,000)           ---
      Proceeds from issuance of common stock          10,823         24,262
      Purchase of treasury stock                     (40,289)       (90,280)
      Other                                            2,052           (556)

          Net cash provided by (used in)
           financing activities                     (168,244)         5,121

      Effect of exchange rate changes                 (1,447)         4,951

    INCREASE (DECREASE) IN CASH AND
     CASH EQUIVALENTS                                (20,532)        35,218
      Balance at beginning of period                 200,226        165,008
      Balance at end of period                      $179,694       $200,226



                  THE MEN'S WEARHOUSE, INC. AND SUBSIDIARIES
       UNAUDITED NON-GAAP CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
                        (A Non-GAAP Financial Measure)
                   (In thousands, except per share amounts)

    Use of Non-GAAP Financial Measures

We have provided non-GAAP adjusted earnings per share information. This non-GAAP financial information is provided to enhance the user's overall understanding of the company's current financial performance. Specifically, we believe the non-GAAP adjusted results provide useful information to both management and investors by excluding certain expense items that we believe are not indicative of our core operating results. The non-GAAP financial information should be considered in addition to, not as a substitute for or as being superior to, operating income, cash flows, or other measures of financial performance prepared in accordance with GAAP. The following are the reconciliations of this non-GAAP information. Due to the effect of rounding, the sum of the individual per share amounts may not equal the total shown.

    Non-GAAP Financial Measures (in thousands, except per share information)



                                          Three Months Ended April 30, 2005
                                                        (1)         NON-GAAP
                                          GAAP       NON-GAAP       Adjusted
                                         Results    Adjustments      Results

    Net sales                           $411,649      $(1,006)      $410,643
    Cost of goods sold, including
     buying, distribution and
     occupancy costs                     245,866       (1,631)       244,235
      Gross margin                       165,783          625        166,408
    Selling, general and
     administrative expenses             128,909       (4,036)       124,873
      Operating Income                    36,874        4,661         41,535
    Interest income                         (794)         ---           (794)
    Interest expense                       1,487          ---          1,487
      Earnings before income taxes        36,181        4,661         40,842
    Provision for income taxes            13,477        1,736         15,213
      Net earnings                       $22,704       $2,925        $25,629
    Net earnings per diluted share         $0.41        $0.05          $0.46
    Weighted average diluted common
     shares outstanding                   55,834                      55,834

     (1) The net earnings adjustments are as follows:
         a.  $2.886 million, net of tax, or $.05 diluted earnings per share in
             net losses from the Eddie Rodriguez stores and
         b.  $39 thousand, net of tax, related to stock based compensation.



    Non-GAAP Financial Measures (continued)

                                           Three Months Ended June 30, 2005
                                                          (1)       NON-GAAP
                                          GAAP          NON-GAAP    Adjusted
                                         Results      Adjustments    Results

    Net sales                           $423,576        $(785)      $422,791
    Cost of goods sold, including
     buying, distribution and
     occupancy costs                     255,280       (3,485)       251,795
      Gross margin                       168,296        2,700        170,996
    Selling, general and administrative
     expenses                            129,892       (3,495)       126,397
      Operating Income                    38,404        6,195         44,599
    Interest income                         (771)         ---           (771)
    Interest expense                       1,512          ---          1,512
      Earnings before income taxes        37,663        6,195         43,858
    Provision for income taxes            13,277        2,183         15,460
      Net earnings                       $24,386       $4,012        $28,398
    Net earnings per diluted share         $0.43        $0.07          $0.50
    Weighted average diluted common
     shares outstanding                   56,490                      56,490



                                         Three Months Ended October 29, 2005
                                                          (2)       NON-GAAP
                                          GAAP          NON-GAAP    Adjusted
                                         Results      Adjustments    Results

    Net sales                           $392,695         $---       $392,695
    Cost of goods sold, including
     buying, distribution and
     occupancy costs                     234,866          ---        234,866
      Gross margin                       157,829          ---        157,829
    Selling, general and administrative
     expenses                            123,380         (928)       122,452
      Operating Income                    34,449          928         35,377
    Interest income                         (557)         ---           (557)
    Interest expense                       1,428          ---          1,428
      Earnings before income taxes        33,578          928         34,506
    Provision for income taxes             9,499        2,278         11,777
      Net earnings                       $24,079      $(1,350)       $22,729
    Net earnings per diluted share         $0.44       $(0.02)         $0.41
    Weighted average diluted common
     shares outstanding                   54,971                      54,971

     (1) The net earnings adjustments are as follows:
         a.  $3.379 million, net of tax, or $0.06 diluted earnings per share
             in net losses from the Eddie Rodriguez stores and
         b.  $633 thousand, net of tax, or $0.01 diluted earnings per share
             related to stock based compensation.

     (2) The net earnings adjustments are as follows:
         a.  $666 thousand, net of tax, or $0.01 diluted earnings per share
             related to stock based compensation and
         b.  ($2.016) million or ($0.04) diluted earnings per share in
             discrete tax items.



    Non-GAAP Financial Measures (continued)

                                         Three Months Ended January 28, 2006
                                                         (1)        NON-GAAP
                                          GAAP         NON-GAAP     Adjusted
                                         Results      Adjustments    Results

    Net sales                           $496,978         $---       $496,978
    Cost of goods sold, including
     buying, distribution and
     occupancy costs                     291,751          ---        291,751
      Gross margin                       205,227          ---        205,227
    Selling, general and administrative
     expenses                            149,658         (939)       148,719
      Operating Income                    55,569          939         56,508
    Interest income                       (1,158)         ---         (1,158)
    Interest expense                       1,461          ---          1,461
      Earnings before income taxes        55,266          939         56,205
    Provision for income taxes            22,532       (2,631)        19,901
      Net earnings                       $32,734       $3,570        $36,304
    Net earnings per diluted share         $0.60        $0.07          $0.67
    Weighted average diluted common
     shares outstanding                   54,166                      54,166



                                       Twelve Months Ended January 28, 2006
                                                         (2)       NON-GAAP
                                         GAAP         NON-GAAP     Adjusted
                                        Results      Adjustments    Results

    Net sales                         $1,724,898      $(1,791)    $1,723,107
    Cost of goods sold, including
     buying, distribution and
     occupancy costs                   1,027,763       (5,116)     1,022,647
      Gross margin                       697,135        3,325        700,460
    Selling, general and administrative
     expenses                            531,839       (9,398)       522,441
      Operating Income                   165,296       12,723        178,019
    Interest income                       (3,280)         ---         (3,280)
    Interest expense                       5,888          ---          5,888
      Earnings before income taxes       162,688       12,723        175,411
    Provision for income taxes            58,785        3,566         62,351
      Net earnings                      $103,903       $9,157       $113,060
    Net earnings per diluted share         $1.88        $0.17          $2.04
    Weighted average diluted common
     shares outstanding                   55,365                      55,365

     (1)  The net earnings adjustments are as follows:
          a.  $556 thousand, net of tax, or $0.01 diluted earnings per share
              related to stock based compensation
          b.  ($898) thousand or ($0.02) diluted earnings per share in
              discrete tax items and
          c.  $3.912 million or $0.07 diluted earnings per share in foreign
              earnings repatriation tax expense.

     (2)  The net earnings adjustments are as follows:
          a.  $6.265 million, net of tax, or $0.11 diluted earnings per share
              in net losses from the Eddie Rodriguez stores
          b.  $1.894 million, net of tax, or $0.03 diluted earnings per share
              related to stock based compensation
          c.  ($2.914) million or ($0.05) diluted earnings per share in
              discrete tax items and
          d.  $3.912 million or $0.07 diluted earnings per share in foreign
              earnings repatriation tax expense.



    Non-GAAP Financial Measures (continued)

                                          Three Months Ended April 29, 2006
                                                          (1)       NON-GAAP
                                          GAAP          NON-GAAP    Adjusted
                                         Results      Adjustments    Results

    Net sales                           $434,564         $---       $434,564
    Cost of goods sold, including
     buying, distribution and
     occupancy costs                     251,735         (143)       251,592
      Gross margin                       182,829          143        182,972
    Selling, general and administrative
     expenses                            136,441       (1,485)       134,956
      Operating Income                    46,388        1,628         48,016
    Interest income                       (1,995)         ---         (1,995)
    Interest expense                       2,191          ---          2,191
      Earnings before income taxes        46,192        1,628         47,820
    Provision for income taxes            17,336          611         17,947
      Net earnings                       $28,856       $1,017        $29,873
    Net earnings per diluted share         $0.53        $0.02          $0.55
    Weighted average diluted common
     shares outstanding                   54,719                      54,719

     (1)  The adjustments are related to stock based compensation.



                                           Three Months Ended July 29, 2006
                                                         (2)        NON-GAAP
                                          GAAP         NON-GAAP     Adjusted
                                         Results      Adjustments    Results

    Net sales                           $460,587         $---       $460,587
    Cost of goods sold, including
     buying, distribution and
     occupancy costs                     261,464         (178)       261,286
      Gross margin                       199,123          178        199,301
    Selling, general and administrative
     expenses                            143,529       (1,542)       141,987
      Operating Income                    55,594        1,720         57,314
    Interest income                       (2,793)         ---         (2,793)
    Interest expense                       2,289          ---          2,289
      Earnings before income taxes        56,098        1,720         57,818
    Provision for income taxes            20,477          628         21,105
      Net earnings                       $35,621       $1,092        $36,713
    Net earnings per diluted share         $0.65        $0.02          $0.67
    Weighted average diluted common
     shares outstanding                   54,524                      54,524

     (2)  The adjustments are related to stock based compensation.



    Non-GAAP Financial Measures (continued)

                                         Three Months Ended October 28, 2006
                                                         (1)        NON-GAAP
                                          GAAP         NON-GAAP     Adjusted
                                         Results      Adjustments    Results

    Net sales                           $430,068         $---       $430,068
    Cost of goods sold, including
     buying, distribution and
     occupancy costs                     244,690         (178)       244,512
      Gross margin                       185,378          178        185,556
    Selling, general and administrative
     expenses                            136,610       (1,613)       134,997
      Operating Income                    48,768        1,791         50,559
    Interest income                       (2,461)         ---         (2,461)
    Interest expense                       2,346          ---          2,346
      Earnings before income taxes        48,883        1,791         50,674
    Provision for income taxes            17,109          627         17,736
      Net earnings                       $31,774       $1,164        $32,938
    Net earnings per diluted share         $0.58        $0.02          $0.60
    Weighted average diluted common
     shares outstanding                   54,903                      54,903

     (1)  The adjustments are related to stock based compensation.



                                         Three Months Ended February 3, 2007
                                                        (2)         NON-GAAP
                                          GAAP        NON-GAAP      Adjusted
                                         Results    Adjustments      Results

    Net sales                           $556,845     $(31,742)      $525,103
    Cost of goods sold, including
     buying, distribution and
     occupancy costs                     308,470      (14,560)       293,910
      Gross margin                       248,375      (17,182)       231,193
    Selling, general and administrative
     expenses                            175,187      (12,365)       162,822
      Operating Income                    73,188       (4,817)        68,371
    Interest income                       (2,537)         152         (2,385)
    Interest expense                       2,390          ---          2,390
      Earnings before income taxes        73,335       (4,969)        68,366
    Provision for income taxes            21,011        2,885         23,896
      Net earnings                       $52,324      $(7,854)       $44,470
    Net earnings per diluted share         $0.95       $(0.14)         $0.81
    Weighted average diluted common
     shares outstanding                   54,843                      54,843

     (2)  The net earnings adjustments are as follows:
          a.  $1.303 million, net of tax, or $0.02 diluted earnings per share
              related to stock based compensation
          b.  ($4.473) million or ($0.08) diluted earnings per share related
              to the 53rd week and
          c.  ($4.684) million or ($0.09) diluted earnings per share in
              discrete tax items.



    Non-GAAP Financial Measures (continued)

                                       Twelve Months Ended February 3, 2007
                                                       (1)         NON-GAAP
                                         GAAP        NON-GAAP      Adjusted
                                        Results     Adjustments     Results

    Net sales                         $1,882,064     $(31,742)    $1,850,322
    Cost of goods sold, including
     buying, distribution and
     occupancy costs                   1,066,359      (15,059)     1,051,300
      Gross margin                       815,705      (16,683)       799,022
    Selling, general and administrative
     expenses                            591,767      (17,005)       574,762
      Operating Income                   223,938          322        224,260
    Interest income                       (9,786)         152         (9,634)
    Interest expense                       9,216          ---          9,216
      Earnings before income taxes       224,508          170        224,678
    Provision for income taxes            75,933        4,751         80,684
      Net earnings                      $148,575      $(4,581)      $143,994
    Net earnings per diluted share         $2.71       $(0.08)         $2.63
    Weighted average diluted common
     shares outstanding                   54,749                      54,749

     (1)  The net earnings adjustments are as follows:
          a.  $4.576 million, net of tax, or $0.08 diluted earnings per share
              related to stock based compensation
          b.  ($4.473) million or ($0.08) diluted earnings per share related
              to the 53rd week and
          c.  ($4.684) million or ($0.09) diluted earnings per share in
              discrete tax items.

SOURCE The Men's Wearhouse, Inc.