EXHIBIT 99.1
The Men’s Wearhouse, Inc.   (MEN’S WEARHOUSE LOGO)
News Release   For Immediate Release
MEN’S WEARHOUSE REPORTS SECOND QUARTER 2005 RESULTS
Second quarter diluted earnings per share up 30% to $0.43 including charges; Second quarter diluted earnings per share up 40% to $0.49 excluding charges; Company provides guidance for Q3 2005 and raises full year earnings guidance
HOUSTON — August 17, 2005 — The Men’s Wearhouse (NYSE: MW) today announced its consolidated financial results for the second quarter ended July 30, 2005.
SECOND QUARTER RESULTS
                                 
Second Quarter Sales Summary — Fiscal 2005
    U.S. dollars, in millions   Total Sales   Comparable Store
    Current Year   Prior Year   Change %   Sales Change %
 
Total Company
  $ 423.6     $ 369.5       14.6 %        
 
United States
  $ 369.6     $ 321.6       14.9 %     10.5 %
 
Canada
  $ 54.0     $ 47.9       12.8 %(A)     3.2 %
 
 
(A)     Total sales change % using Canadian dollars was 3.3%.
Diluted earnings per share increased to $0.43 for the second quarter ended July 30, 2005 compared to $0.33 last year. Net earnings were $24.4 million compared to $18.4 million last year. Excluding Eddie Rodriguez net operating losses, diluted earnings per share increased from $0.35 last year to $0.49 this year, a 40% increase.
YEAR-TO-DATE RESULTS
                                 
Six Months Sales Summary — Fiscal 2005
    U.S. dollars, in millions   Total Sales   Comparable Store
    Current Year   Prior Year   Change %   Sales Change %
 
Total Company
  $ 835.2     $ 730.2       14.4 %        
 
United States
  $ 745.3     $ 650.8       14.5 %     10.7 %
 
Canada
  $ 89.9     $ 79.4       13.1 %(B)     3.6 %
 
 
(B)     Total sales change % using Canadian dollars was 3.9%.
Diluted earnings per share increased to $0.84 for year-to-date ended July 30, 2005 compared to $0.61 last year. Net earnings were $47.1 million compared to $33.4 million last year. Excluding Eddie Rodriguez net operating losses, diluted earnings per share increased from $0.63 last year to $0.95 this year, a 51% increase.

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2005 GUIDANCE
The Company has closed all six of its Eddie Rodriguez stores. Net operating losses from the Company’s Eddie Rodriguez stores for the second quarter of fiscal year 2005 were $0.06 diluted earnings per share compared to the prior year’s second quarter loss of $0.01 diluted earnings per share. The Company is not expecting additional losses on the Eddie Rodriguez stores, therefore, the loss for fiscal 2005 is expected to be $0.11 diluted earnings per share. The loss for fiscal year 2004 was $0.05 diluted earnings per share.
For the third quarter, the Company expects diluted earnings per share results to be in a range of $0.33 to $0.35 based on high single digit same store sales increase in the U.S. and mid single digit increase in Canada.
For fiscal year 2005, the Company expects adjusted diluted earnings per share, excluding the Eddie Rodriguez results, to be in a range of $1.77 to $1.82 based on mid single digit same store sales increase in the U.S and Canada for the second half of the fiscal year. Including the Eddie Rodriguez net operating losses, the fiscal year 2005 adjusted diluted earnings per share are expected to be in a range of $1.66 to $1.71.
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 second quarter. To access the conference call, dial 303-262-2131. 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 August 24 by calling 303-590-3000 and entering the access code of 11036962, or a webcast archive will be available free on the website for approximately 90 days.
STORE INFORMATION
                                                 
    July 30, 2005   July 31, 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
    523       2,870.2       508       2,772.1       517       2,825.3  
 
 
Moores, Clothing for Men
    114       708.3       114       703.5       114       705.3  
 
 
K&G (C)
    76       1,808.9       74       1,702.5       76       1,770.1  
 
 
Total
    713       5,387.4       696       5,178.1       707       5,300.7  
 
(C)   49, 38 and 43 stores, respectively, offering women’s apparel.

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Founded in 1973, Men’s Wearhouse is one of North America’s largest specialty retailers of men’s apparel with 713 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 and Form 10-Q for the quarter ended April 30, 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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(MEN’S WEARHOUSE LOGO)
  THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
 
(Unaudited)  
FOR THE SIX MONTHS ENDED
July 30, 2005 AND July 31, 2004

(In thousands, except per share data)
                                 
    Six Months Ended
            % of           % of
    2005   Sales   2004   Sales
                    (as restated) (1)        
Net sales
  $ 835,225       100.00 %   $ 730,209       100.00 %
Cost of goods sold, including buying, distribution and occupancy costs
    501,146       60.00 %     446,943       61.21 %
     
Gross margin
    334,079       40.00 %     283,266       38.79 %
 
                               
Selling, general and administrative expenses
    258,801       30.99 %     227,927       31.21 %
     
 
                               
Operating income
    75,278       9.01 %     55,339       7.58 %
 
                               
Interest income
    (1,565 )     (0.19 %)     (637 )     (0.09 %)
Interest expense
    2,999       0.36 %     2,773       0.38 %
     
 
                               
Earnings before income taxes
    73,844       8.84 %     53,203       7.29 %
 
                               
Provision for income taxes
    26,754       3.20 %     19,768       2.71 %
     
 
                               
Net earnings
  $ 47,090       5.64 %   $ 33,435       4.58 %
     
 
                               
Net earnings per share(2):
                               
Basic
  $ 0.87             $ 0.62          
 
                               
Diluted
  $ 0.84             $ 0.61          
 
                               
 
                               
Weighted average common shares outstanding (2):
                               
Basic
    54,245               54,080          
 
                               
Diluted
    56,162               55,077          
 
                               
 
(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.
 
(2)   All earnings per share and weighted average common share information reflects a three-for-two stock split in the form of a stock dividend effective at the close of business on June 13, 2005.

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(MEN’S WEARHOUSE LOGO)
  THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
 
(Unaudited)  
FOR THE THREE MONTHS ENDED
July 30, 2005 AND July 31, 2004

(In thousands, except per share data)
                                 
    Three Months Ended
            % of           % of
    2005   Sales   2004   Sales
                    (as restated)(1)        
Net sales
  $ 423,576       100.00 %   $ 369,480       100.00 %
Cost of goods sold, including buying, distribution and occupancy costs
    255,280       60.27 %     224,024       60.63 %
     
Gross margin
    168,296       39.73 %     145,456       39.37 %
 
                               
Selling, general and administrative expenses
    129,892       30.67 %     115,185       31.17 %
     
 
                               
Operating income
    38,404       9.07 %     30,271       8.19 %
 
                               
Interest income
    (771 )     (0.18 %)     (363 )     (0.10 %)
Interest expense
    1,512       0.36 %     1,422       0.38 %
     
 
                               
Earnings before income taxes
    37,663       8.89 %     29,212       7.91 %
 
                               
Provision for income taxes
    13,277       3.13 %     10,832       2.93 %
     
 
                               
Net earnings
  $ 24,386       5.76 %   $ 18,380       4.97 %
     
 
                               
Net earnings per share (2):
                               
Basic
  $ 0.45             $ 0.34          
 
                               
Diluted
  $ 0.43             $ 0.33          
 
                               
 
                               
Weighted average common shares outstanding (2):
                               
Basic
    54,235               53,965          
 
                               
Diluted
    56,490               54,937          
 
                               
 
(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.
 
(2)   All earnings per share and weighted average common share information reflects a three-for-two stock split in the form of a stock dividend effective at the close of business on June 13, 2005.

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(MEN’S WEARHOUSE LOGO)
  THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
 
(Unaudited)  
                 
    July 30,   July 31,
    2005   2004
            (as restated) (1)
ASSETS
               
 
               
Current assets:
               
Cash and cash equivalents
  $ 54,627     $ 119,364  
Short-term investments
    78,925        
Accounts receivable, net
    16,355       15,431  
Inventories
    416,828       387,261  
Other current assets
    33,654       33,889  
 
               
 
               
Total current assets
    600,389       555,945  
Property and equipment, net
    264,692       222,781  
Goodwill
    56,129       43,834  
Other assets, net
    60,042       47,266  
 
               
 
               
Total assets
  $ 981,252     $ 869,826  
 
               
 
               
LIABILITIES AND SHAREHOLDERS’ EQUITY
               
 
               
Current liabilities
  $ 190,714     $ 180,877  
Long-term debt
    130,000       131,000  
Deferred taxes and other liabilities
    51,665       45,709  
Shareholders’ equity
    608,873       512,240  
 
               
 
               
Total liabilities and equity
  $ 981,252     $ 869,826  
 
               
 
(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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(MEN’S WEARHOUSE LOGO)
  THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
 
(Unaudited)  
FOR THE SIX MONTHS ENDED
July 30, 2005 AND July 31, 2004

(In thousands)
                 
    Six Months Ended
    2005   2004
            (as restated) (1)
CASH FLOWS FROM OPERATING ACTIVITIES:
               
Net earnings
  $ 47,090     $ 33,435  
Non-cash adjustments to net earnings:
               
Depreciation and amortization
    31,796       26,182  
Other
    (1,769 )     (2,753 )
Changes in assets and liabilities
    (54,008 )     (35,541 )
 
               
 
               
Net cash provided by operating activities
    23,109       21,323  
 
               
 
               
CASH FLOWS FROM INVESTING ACTIVITIES:
               
Capital expenditures
    (35,482 )     (24,216 )
Purchases of available-for-sale investments
    (79,000 )      
Proceeds from sales of available-for-sale investments
    75        
Other
    (48 )     (76 )
 
               
 
               
Net cash used in investing activities
    (114,455 )     (24,292 )
 
               
 
               
CASH FLOWS FROM FINANCING ACTIVITIES:
               
Proceeds from issuance of common stock
    21,393       1,577  
Purchase of treasury stock
    (40,490 )     (11,186 )
Other
          (276 )
 
               
 
               
Net cash used in financing activities
    (19,097 )     (9,885 )
 
               
 
               
Effect of exchange rate changes
    62       72  
 
               
 
               
DECREASE IN CASH AND CASH EQUIVALENTS
    (110,381 )     (12,782 )
Balance at beginning of period
    165,008       132,146  
 
               
Balance at end of period
  $ 54,627     $ 119,364  
 
               
 
(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 six months ended July 30, 2005, the three months ended July 30, 2005, the six months ended July 31, 2004 and the three months ended July 31, 2004 in this press 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 net operating losses from the Eddie Rodriguez stores. These losses were:
$6.3 million, net of tax, or $0.11 diluted earnings per share for the six months ended July 30, 2005,
$3.4 million, net of tax, or $0.06 diluted earnings per share in the second quarter of fiscal 2005,
$1.2 million, net of tax, or $0.02 diluted earnings per share for the six months ended July 31, 2004 and
$0.7 million, net of tax, or $0.01 diluted earnings per share in the second 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 six months ended July 30, 2005, the three months ended July 30, 2005, the six months ended July 31, 2004 and the three months ended July 31, 2004 is as follows:

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Non-GAAP Financial Measures
                         
    Six Months Ended July 30, 2005
                    NON-GAAP
    GAAP   NON-GAAP   Adjusted
    Results   Adjustments   Results
Net sales
  $ 835,225     $ (1,791 )   $ 833,434  
Cost of goods sold, including buying, distribution and occupancy costs
    501,146       (5,116 )     496,030  
 
                       
Gross margin
    334,079       3,325       337,404  
Selling, general and administrative expenses
    258,801       (6,492 )     252,309  
 
                       
Operating Income
    75,278       9,817       85,095  
Interest income
    (1,565 )           (1,565 )
Interest expense
    2,999             2,999  
 
                       
Earnings before income taxes
    73,844       9,817       83,661  
Provision for income taxes
    26,754       3,552       30,306  
 
                       
Net earnings
  $ 47,090     $ 6,265     $ 53,355  
 
                       
Net earnings per diluted share (1)
  $ 0.84     $ 0.11     $ 0.95  
 
                       
Weighted average diluted common shares outstanding
    56,162               56,162  
 
                       
                         
    Three Months Ended July 30, 2005
                    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       (2,518 )     127,374  
 
                       
Operating Income
    38,404       5,218       43,622  
Interest income
    (771 )           (771 )
Interest expense
    1,512             1,512  
 
                       
Earnings before income taxes
    37,663       5,218       42,881  
Provision for income taxes
    13,277       1,839       15,116  
 
                       
Net earnings
  $ 24,386     $ 3,379     $ 27,765  
 
                       
Net earnings per diluted share (1)
  $ 0.43     $ 0.06     $ 0.49  
 
                       
Weighted average diluted common shares outstanding
    56,490               56,490  
 
                       
 
(1)   Due to the effect of rounding, the sum of the per share amounts may not equal the effect of the adjustments.

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Non-GAAP Financial Measures (continued)
                         
    Six Months Ended July 31, 2004
                    NON-GAAP
    GAAP   NON-GAAP   Adjusted
    Results   Adjustments   Results
Net sales
  $ 730,209     $ (1,145 )   $ 729,064  
Cost of goods sold, including buying, distribution and occupancy costs
    446,943       (1,774 )     445,169  
 
                       
Gross margin
    283,266       629       283,895  
Selling, general and administrative expenses
    227,927       (1,201 )     226,726  
 
                       
Operating Income
    55,339       1,830       57,169  
Interest income
    (637 )           (637 )
Interest expense
    2,773             2,773  
 
                       
Earnings before income taxes
    53,203       1,830       55,033  
Provision for income taxes
    19,768       676       20,444  
 
                       
Net earnings
  $ 33,435     $ 1,154     $ 34,589  
 
                       
Net earnings per diluted share (1)
  $ 0.61     $ 0.02     $ 0.63  
 
                       
Weighted average diluted common shares outstanding
    55,077               55,077  
 
                       
                         
    Three Months Ended July 31, 2004
                    NON-GAAP
    GAAP   NON-GAAP   Adjusted
    Results   Adjustments   Results
Net sales
  $ 369,480     $ (733 )   $ 368,747  
Cost of goods sold, including buying, distribution and occupancy costs
    224,024       (1,139 )     222,885  
 
                       
Gross margin
    145,456       406       145,862  
Selling, general and administrative expenses
    115,185       (651 )     114,534  
 
                       
Operating Income
    30,271       1,057       31,328  
Interest income
    (363 )           (363 )
Interest expense
    1,422             1,422  
 
                       
Earnings before income taxes
    29,212       1,057       30,269  
Provision for income taxes
    10,832       388       11,220  
 
                       
Net earnings
  $ 18,380     $ 669     $ 19,049  
 
                       
Net earnings per diluted share (1)
  $ 0.33     $ 0.01     $ 0.35  
 
                       
Weighted average diluted common shares outstanding
    54,937               54,937  
 
                       
 
(1)   Due to the effect of rounding, the sum of the per share amounts may not equal the effect of the adjustments.

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