EXHIBIT 99.1

     
The Men’s Wearhouse, Inc.
  (Mens Wearhouse Logo)
News Release
  For Immediate Release

MEN’S WEARHOUSE REPORTS FIRST QUARTER 2005 RESULTS

First quarter diluted earnings per share up 49% to $0.61;
Company provides guidance for Q2 2005 and increases guidance for full year;
Also announces 3-for-2 stock split and replenishes $50 million share repurchase program

HOUSTON — May 18, 2005 — The Men’s Wearhouse (NYSE: MW) today announced its consolidated financial results for the first quarter ended April 30, 2005.

FIRST QUARTER RESULTS

                                 
First Quarter Sales Summary Fiscal 2005
    U.S. dollars, in millions              
                    Total Sales     Comparable Store  
    Current Year     Prior Year     Change %     Sales Change %  
 
Total Company
  $ 411.6     $ 360.7       14.1 %        
 
United States
  $ 375.8     $ 329.2       14.2 %     10.9 %
 
Canada
  $ 35.8     $ 31.5       13.7 %(A)     4.2 %
 

(A) Total sales change % using Canadian dollars was 4.8% for the first quarter.

Diluted earnings per share increased to $0.61 for the first quarter ended April 30, 2005 compared to $0.41 last year. Net earnings were $22.7 million compared to $15.1 million last year. Excluding Eddie Rodriguez net operating losses, diluted earnings per share increased from $0.42 last year to $0.69 this year, a 64% increase.

Additionally, Men’s Wearhouse announced today its Board of Directors has approved a 3-for-2 stock split of the Company’s outstanding common shares, which will be paid as a stock dividend, and has replenished its share repurchase program to $50 million by authorizing $43 million to be added to the remaining $7 million of the current program.

Holders of record of the Company’s common stock at the close of business on May 31, 2005, will receive one additional share of common stock for every two shares of common stock they own. Fractional shares resulting from the stock split will be paid in cash in lieu of shares. The stock dividend will be paid on June 13, 2005. After the split, there will be approximately 54.0 million shares of the Company’s common stock outstanding.

“This decision to declare a stock split and an additional share repurchase program was based on the Company’s continuing financial success and reflects our confidence in our long-term growth outlook,” stated George Zimmer, Founder, Chairman and Chief Executive Officer of Men’s Wearhouse.

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2005 GUIDANCE

The following guidance is before the effect of the stock split announced above.

The Company is now planning to be out of five of its six Eddie Rodriguez stores by the end of the second quarter of this year, well ahead of previous expectations. Estimated net operating losses from the Company’s Eddie Rodriguez stores for fiscal 2005 are now expected to be $0.12 to $0.15 diluted earnings per share compared to the 2004 net operating losses of $0.08 diluted earnings per share. Additionally, the Company granted restricted stock to employees in May, of which the expense will total $0.04 during the remainder of fiscal 2005.

For the full year, the Company now anticipates diluted earnings per share, including Eddie Rodriguez results, to be in the range of $2.40 to $2.53. Excluding the Eddie Rodriguez results and including the restricted stock grant expense, the Company now expects adjusted diluted earnings per share to be in a range of $2.55 to $2.65. This guidance assumes mid single digit same store sales growth in both the U.S. and Canada.

For the second quarter, the Company expects adjusted diluted earnings per share, excluding the Eddie Rodriguez results, to be in a range of $0.63 to $0.66 based on high single digit same store sales increase in the U.S. for May followed by mid single digit increases in June and July. Including Eddie Rodriguez, the Company expects adjusted diluted earnings per share to be in a range of $0.57 to $0.62.

CONFERENCE CALL AND WEBCAST INFORMATION

At 5:00 p.m. Eastern time today, company management will host a conference call and real-time webcast to review the financial results of The Men’s Wearhouse, Inc.’s first quarter. To access the conference call, dial 303-262-2137. To access the live webcast presentation, visit the Investor Relations section of the company’s website at www.menswearhouse.com. A telephonic replay will be available through May 25 by calling 303-590-3000 and entering the access code of 11030077, or a webcast archive will be available free on the website for approximately 90 days.

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STORE INFORMATION

                                                         
    April 30, 2005     May 1, 2004     January 29, 2005          
    Number     Sq. Ft.     Number     Sq. Ft.     Number     Sq. Ft.          
    of Stores     (000’s)     of Stores     (000's)     of Stores     (000's)          
 
Men’s Wearhouse
    520       2,847.3       508       2,777.0       517       2,825.3          
 
Moores, Clothing for Men
    114       706.2       114       699.8       114       705.3          
 
K&G (B)
    76       1,804.9       73       1,691.1       76       1,770.1          
 
Total
    710       5,358.4       695       5,167.9       707       5,300.7          

(B) 50, 37 and 43 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 710 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 and other factors described herein and in the Company’s annual report on Form 10-K for the year ended January 29, 2005.

For additional information on Men’s Wearhouse, please visit the Company’s website at www.menswearhouse.com.

         
  CONTACT:   Claudia Pruitt, Men’s Wearhouse (713) 592-7200
      Ken Dennard, DRG&E (713) 529-6600

— Tables to Follow —

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

FOR THE THREE MONTHS ENDED
April 30, 2005 AND MAY 1, 2004

(In thousands, except per share data)

                                 
    Three Months Ended  
            % of             % of  
    2005     Sales     2004     Sales  
                    (as restated) (1)        
Net sales
  $ 411,649       100.00 %   $ 360,729       100.00 %
Cost of goods sold, including buying, distribution and occupancy costs
    245,866       59.73 %     222,919       61.80 %
 
                       
Gross margin
    165,783       40.27 %     137,810       38.20 %
Selling, general and administrative expenses
    128,909       31.32 %     112,742       31.25 %
 
                       
Operating income
    36,874       8.96 %     25,068       6.95 %
Interest income
    (794 )     -0.19 %     (274 )     -0.08 %
Interest expense
    1,487       0.36 %     1,351       0.37 %
 
                       
Earnings before income taxes
    36,181       8.79 %     23,991       6.65 %
Provision for income taxes
    13,477       3.27 %     8,936       2.48 %
 
                       
Net earnings
  $ 22,704       5.52 %   $ 15,055       4.17 %
 
                       
Net earnings per share:
                               
Basic
  $ 0.63             $ 0.42          
 
                       
Diluted
  $ 0.61             $ 0.41          
 
                       
Weighted average common shares outstanding:
                               
Basic
    36,170               36,131          
 
                       
Diluted
    37,223               36,812          
 
                       

(1) The Company’s Annual Report on Form 10-K for fiscal year 2004 included a restatement of certain historical information as discussed in Note 13 to the consolidated financial statements.

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  THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES
  CONSOLIDATED CONDENSED BALANCE SHEETS
  (In thousands)
  (Unaudited)
                 
    April 30,     May 1,  
    2005     2004  
            (as restated) (1)  
ASSETS
               
Current assets:
               
Cash and cash equivalents
  $ 139,495     $ 125,927  
Accounts receivable, net
    21,816       18,855  
Inventory
    422,519       390,011  
Other current assets
    33,856       33,212  
 
           
Total current assets
    617,686       568,005  
Property and equipment, net
    261,460       219,617  
Goodwill
    55,510       43,162  
Other assets, net
    59,550       44,190  
 
           
Total assets
  $ 994,206     $ 874,974  
 
           
LIABILITIES AND SHAREHOLDERS’ EQUITY
               
Current liabilities
  $ 240,628     $ 197,200  
Long term debt
    130,000       131,000  
Deferred taxes and other liabilities
    54,245       46,142  
Shareholders’ equity
    569,333       500,632  
 
           
Total liabilities and shareholder’s equity
  $ 994,206     $ 874,974  
 
           

(1) The Company’s Annual Report on Form 10-K for fiscal year 2004 included a restatement of certain historical information as discussed in Note 13 to the consolidated financial statements.

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  THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS

(Unaudited)

FOR THE THREE MONTHS ENDED
APRIL 30, 2005 AND MAY 1, 2004

(In thousands)

                 
    Three Months Ended  
    2005     2004  
              (as restated) (1)  
CASH FLOWS FROM OPERATING ACTIVITIES:
               
Net earnings
  $ 22,704     $ 15,055  
Non-cash adjustments to net earnings:
               
Depreciation and amortization
    16,456       13,220  
Other
    (2,161 )     (2,179 )
Changes in assets and liabilities
    (17,868 )     (23,262 )
 
           
Net cash provided by operating activities
    19,131       2,834  
 
           
CASH FLOWS FROM INVESTING ACTIVITIES:
               
Capital expenditures
    (17,976 )     (9,239 )
Other
    (21 )     (23 )
 
           
Net cash used in investing activities
    (17,997 )     (9,262 )
 
           
CASH FLOWS FROM FINANCING ACTIVITIES:
               
Purchase of treasury stock
    (40,490 )      
Other
    13,925       623  
 
           
Net cash provided by (used in) financing activities
    (26,565 )     623  
 
           
Effect of exchange rate changes
    (82 )     (414 )
 
           
DECREASE IN CASH AND CASH EQUIVALENTS
    (25,513 )     (6,219 )
Balance at beginning of period
    165,008       132,146  
 
           
Balance at end of period
  $ 139,495     $ 125,927  
 
           

(1) The Company’s Annual Report on Form 10-K for fiscal year 2004 included a restatement of certain historical information as discussed in Note 13 to the consolidated financial statements.

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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 for the three months ended April 30, 2005 and the three months ended May 1, 2004 in this news release in addition to providing financial results in accordance with GAAP. This information reflects, on a non-GAAP adjusted basis, our net earnings and earnings per diluted share after excluding the operating losses from the Eddie Rodriguez stores of $2.9 million, net of tax, or $0.08 diluted earnings per share in the first quarter of fiscal 2005 and of $0.5 million, net of tax, or $0.01 diluted earnings per share in the first quarter of fiscal 2004. 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 an expense item that we believe is 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. A reconciliation of this non-GAAP information to our actual results for the three months ended April 30, 2005 and three months ended May 1, 2004 is as follows:

                         
    Three Months Ended April 30, 2005  
                    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       (3,974 )     124,935  
 
                 
Operating Income
    36,874       4,599       41,473  
Interest income
    (794 )           (794 )
Interest expense
    1,487             1,487  
 
                 
Earnings before income taxes
    36,181       4,599       40,780  
Provision for income taxes
    13,477       1,713       15,190  
 
                 
Net earnings
  $ 22,704     $ 2,886     $ 25,590  
 
                 
Net earnings per diluted share
  $ 0.61     $ 0.08     $ 0.69  
 
                 
Weighted average diluted common shares outstanding
    37,223               37,223  
 
                 
                         
    Three Months Ended May 1, 2004  
                    NON-GAAP  
    GAAP     NON-GAAP     Adjusted  
    Results     Adjustments     Results  
Net sales
  $ 360,729     $ (412 )   $ 360,317  
Cost of goods sold, including buying, distribution and occupancy costs
    222,919       (634 )     222,285  
 
                 
Gross margin
    137,810       222       138,032  
Selling, general and administrative expenses
    112,742       (549 )     112,193  
 
                 
Operating Income
    25,068       771       25,839  
Interest income
    (274 )           (274 )
Interest expense
    1,351             1,351  
 
                 
Earnings before income taxes
    23,991       771       24,762  
Provision for income taxes
    8,936       287       9,223  
 
                 
Net earnings
  $ 15,055     $ 484     $ 15,539  
 
                 
Net earnings per diluted share
  $ 0.41     $ 0.01     $ 0.42  
 
                 
Weighted average diluted common shares outstanding
    36,812               36,812  
 
                 

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