Exhibit 99.1
The Men’s Wearhouse, Inc.   (MEN'S WAREHOUSE LOGO)
News Release
For Immediate Release
MEN’S WEARHOUSE REPORTS
FISCAL 2008 THIRD QUARTER RESULTS
  Q3 2008 GAAP diluted EPS was $0.28 and adjusted diluted EPS was $0.30 compared with Q3 2007 GAAP diluted EPS of $0.69
 
  Company estimates Q4 2008 GAAP diluted EPS in a range of $0.00 to ($0.18)
 
  Company estimates fiscal 2008 GAAP diluted EPS in a range of $0.92 to $1.10 and adjusted diluted EPS in a range of $1.04 to $1.22
 
  Conference call at 5:00 pm eastern today
HOUSTON — November 19, 2008 — The Men’s Wearhouse (NYSE: MW) today announced its consolidated financial results for the third quarter ended November 1, 2008.
                                         
Third Quarter Sales Summary — Fiscal 2008
                    Total Sales     Comparable Store Sales  
    U.S. dollars, in millions     Change %     Change %  
    Current Year     Prior Year             Current Year     Prior Year  
 
Total Company
  $ 459.7     $ 512.1       -10.2 %                
MW
  $ 315.6 (a)   $ 354.1 (a)     -10.9 %     -12.1 %(b)     +0.6 %(b)
K&G
  $ 80.4     $ 87.7       -8.3 %     -13.0 %     -11.3 %
United States
  $ 406.4     $ 451.7       -10.0 %     -12.3 %     -2.1 %
Moores
  $ 53.3     $ 60.5       -11.9 %     -4.9 %(c)     +0.6 %(c)
                                         
Year-To-Date Sales Summary — Fiscal 2008
                    Total Sales     Comparable Store Sales  
    U.S. dollars, in millions     Change %     Change %  
    Current Year     Prior Year             Current Year     Prior Year  
 
Total Company
  $ 1,496.1     $ 1,577.6       -5.2 %                
MW
  $ 1,006.2 (a)   $ 1,073.1 (a)     -6.2 %     -8.9 %(b)     +1.5 %(b)
K&G
  $ 277.4     $ 298.8       -7.2 %     -12.0 %     -8.0 %
United States
  $ 1,317.7     $ 1,399.0       -5.8 %     -9.6 %     -0.8 %
Moores
  $ 178.4     $ 178.6       -0.1 %     -3.8 %(c)     +5.1 %(c)
(a)   Includes retail stores and ecommerce as well as the MW Tux stores resulting from the acquisition of After Hours on April 9, 2007.
 
(b)   Comparable store sales do not include ecommerce. MW Tux stores are included beginning Q2 of fiscal 2008.
 
(c)   Comparable store sales change is based on the Canadian dollar.

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Diluted earnings per share were $0.28 for the third quarter ended November 1, 2008. Adjusted diluted earnings per share were $0.30 after excluding $1.1 million (net of tax), $0.02 per diluted share outstanding, of closure costs incurred in connection with the Company’s previously announced closure of the Canadian based manufacturing facility operated by the Company’s subsidiary, Golden Brand. This compares to adjusted diluted earnings per share guidance given October 8, 2008 of $0.24 to $0.28.
THIRD QUARTER REVIEW
    Total Company sales decreased 10.2% for the quarter.
    Clothing product sales, representing 72.75% of fiscal third quarter 2008 total net sales, decreased 12.9% due to decreases in the Company’s comparable store sales primarily driven by a reduction in store traffic levels.
 
    Tuxedo rental sales, representing 20.99% of fiscal third quarter 2008 total net sales, increased 0.4%.
    Gross margin before occupancy costs, as a percentage of total net sales, decreased 80 basis points from 60.84% to 60.04%. Decreases in clothing product margins, as a percentage of related sales, of 154 basis points were offset by a higher margin tuxedo rental business that increased from 18.76% to 20.99% as a percentage of total sales.
 
    Occupancy costs increased, as a percentage of total net sales, by 205 basis points from 13.89% to 15.94% primarily due to the deleveraging effect of reduced comparable store sales.
 
    Selling, general, and administrative expenses were $179.0 million. Excluding $1.8 million in costs associated with the closing of Golden Brand, SG&A expenses of $177.1 million were lower compared to the prior year quarter of $181.3 million and as a percentage of total net sales increased 314 basis points from 35.40% to 38.54%. The basis point increase was primarily due to the deleveraging effect of reduced comparable store sales.
 
    Operating income was $23.8 million. Excluding $1.8 million in costs associated with the closing of Golden Brand, operating income was $25.6 million or 5.57% of total net sales compared to $59.2 million, or 11.55% of total net sales for the same period last year.
 
    The effective tax rate for the 2008 third quarter was 38.0%.

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FOURTH QUARTER 2008 GUIDANCE
The Company expects diluted earnings per share of $0.00 to a loss of $0.18 for the fourth quarter of 2008. This guidance assumes same store sales at MW, including MW Tux stores, to decrease in the mid single digit to low double digit range, at K&G to decrease in the high single digit to low double digit range and at Moores to decrease in the low single digit range.
FISCAL 2008 GUIDANCE
On July 11, 2008, the Canadian based manufacturing facility operated by the Company’s subsidiary, Golden Brand, was closed. The pre tax cost to close the facility was $10.0 million or the equivalent of $0.12 per diluted share outstanding for the fiscal year. The pre tax cost for the first quarter was $0.9 million or the equivalent of $0.01 per diluted share outstanding. The pre tax cost for the second quarter was $7.3 million or the equivalent of $0.09 per diluted share outstanding. The pre tax cost for the third quarter was $1.8 million or the equivalent of $0.02 per diluted share outstanding.
The Company is updating its adjusted diluted earnings per share outlook for the year to a range of $1.04 to $1.22 excluding the Golden Brand closure costs of $0.12 per diluted share outstanding. Including these costs, GAAP diluted earnings per share are expected to be $0.92 to $1.10.
The guidance includes an estimated effective tax rate of approximately 36.0% for the full year. The fully diluted shares outstanding are estimated to be 51.9 million.
CONFERENCE CALL AND WEBCAST INFORMATION
At 5:00 p.m. Eastern time on Wednesday, November 19, 2008, Company management will host a conference call and real time web cast to review the fiscal third quarter and its outlook for fiscal 2008.
To access the conference call, dial 303-262-2211. To access the live webcast presentation, visit the Investor Relations section of the Company’s website at www.tmw.com. A telephonic replay will be available through November 26, 2008 by calling 303-590-3000 and entering the access code of 11120945# or a webcast archive will be available free on the website for approximately 90 days.

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STORE INFORMATION
                                                 
    November 1, 2008     November 3, 2007     February 2, 2008  
    Number     Sq. Ft.     Number     Sq. Ft.     Number     Sq. Ft.  
    of Stores     (000’s)     of Stores     (000’s)     of Stores     (000’s)  
 
Men’s Wearhouse
    579       3,248.7       560       3,132.3        563       3,152.6  
MW Tux (a)
    495       670.4       493       654.8       489       652.0  
Moores, Clothing for Men
    117       727.9        116       717.8       116       719.8  
K&G (b)
    107       2,473.0       103       2,392.4        105       2,428.8  
Total
    1,298       7,120.0       1,272       6,897.3       1,273       6,953.2  
(a)   MW Tux stores resulting from the acquisition of After Hours on April 9, 2007.
 
(b)   92, 83 and 89 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 1,298 stores. The Men’s Wearhouse, Moores and K&G stores carry a full selection of designer, brand name and private label suits, sport coats, furnishings and accessories and the MW Tux (formerly After Hours) stores carry a limited selection. Tuxedo rentals are available in the Men’s Wearhouse, Moores and MW Tux 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 sensitivity to economic conditions and consumer confidence, possibility of limited ability to expand Men’s Wearhouse stores, possibility that certain of our expansion strategies may present greater risks and other factors described in the Company’s annual report on Form 10-K for the year ended February 2, 2008 and subsequent Forms 10-Q.
For additional information on Men’s Wearhouse, please visit the Company’s website at www.tmw.com.
         
 
  CONTACT:   Neill Davis, EVP & CFO, Men’s Wearhouse (281) 776-7000
 
      Ken Dennard, DRG&E (713) 529-6600

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(MEN'S WAREHOUSE LOGO SMALL)   THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
(Unaudited)
FOR THE THREE MONTHS ENDED
November 1, 2008 AND November 3, 2007

(In thousands, except per share data)
                                 
    Three Months Ended  
            % of             % of  
    2008     Sales     2007     Sales  
     
Net sales:
                               
Clothing product
  $ 334,415       72.75 %   $ 384,047       74.99 %
Tuxedo rental services
    96,498       20.99 %     96,090       18.76 %
Alteration and other services
    28,760       6.26 %     31,999       6.25 %
     
Total net sales
    459,673       100.00 %     512,136       100.00 %
 
                               
Cost of sales:
                               
Clothing product including buying and distribution costs
    143,793       31.28 %     159,204       31.09 %
Tuxedo rental services
    16,202       3.52 %     16,383       3.20 %
Alteration and other services
    23,673       5.15 %     24,941       4.87 %
Occupancy costs
    73,281       15.94 %     71,137       13.89 %
     
Total cost of sales
    256,949       55.90 %     271,665       53.05 %
 
                               
Gross margin
    202,724       44.10 %     240,471       46.95 %
 
                               
Selling, general and administrative expenses
    178,955       38.93 %     181,307       35.40 %
     
 
                               
Operating income
    23,769       5.17 %     59,164       11.55 %
 
                               
Interest income
    (744 )     (0.16 %)     (1,352 )     (0.26 %)
Interest expense
    978       0.21 %     1,304       0.25 %
     
 
                               
Earnings before income taxes
    23,535       5.12 %     59,212       11.56 %
 
                               
Provision for income taxes
    8,948       1.95 %     22,145       4.32 %
     
 
                               
Net earnings
  $ 14,587       3.17 %   $ 37,067       7.24 %
     
 
                               
Net earnings per share:
                               
Basic
  $ 0.28             $ 0.70          
 
                           
Diluted
  $ 0.28             $ 0.69          
 
                           
 
                               
Weighted average common shares outstanding:
                               
Basic
    51,703               53,141          
 
                           
Diluted
    52,011               53,775          
 
                           

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(MEN'S WAREHOUSE LOGO SMALL)   THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
(Unaudited)
FOR THE NINE MONTHS ENDED
November 1, 2008, November 3, 2007 AND PRO FORMA November 3, 2007

(In thousands, except per share data)
                                                 
    Nine Months Ended  
            % of             % of     Pro Forma     % of  
    2008     Sales     2007     Sales     2007     Sales  
     
Net sales:
                                               
Clothing product
  $ 1,109,014       74.13 %   $ 1,189,945       75.43 %   $ 1,193,463       74.24 %
Tuxedo rental services
    294,145       19.66 %     290,521       18.42 %     316,855       19.71 %
Alteration and other  services
    92,899       6.21 %     97,134       6.16 %     97,262       6.05 %
     
Total net sales
    1,496,058       100.00 %     1,577,600       100.00 %     1,607,580       100.00 %
 
                                               
Cost of sales:
                                               
Clothing product including buying and distribution costs
    484,758       32.40 %     512,360       32.48 %     514,974       32.03 %
Tuxedo rental services
    49,569       3.31 %     52,072       3.30 %     56,313       3.50 %
Alteration and other services
    73,608       4.92 %     74,346       4.71 %     74,346       4.62 %
Occupancy costs
    220,601       14.75 %     197,580       12.52 %     203,974       12.69 %
     
Total cost of sales
    828,536       55.38 %     836,358       53.01 %     849,607       52.85 %
 
                                               
Gross margin
    667,522       44.62 %     741,242       46.99 %     757,973       47.15 %
Selling, general and administrative expenses
    574,491       38.40 %     534,139       33.86 %     563,918       35.08 %
     
 
                                               
Operating income
    93,031       6.22 %     207,103       13.13 %     194,055       12.07 %
 
                                               
Interest income
    (2,259 )     (0.15 %)     (4,655 )     (0.30 %)     (4,177 )     (0.26 %)
Interest expense
    3,617       0.24 %     3,513       0.22 %     3,724       0.23 %
     
 
                                               
Earnings before income taxes
    91,673       6.13 %     208,245       13.20 %     194,508       12.10 %
 
                                               
Provision for income taxes
    34,318       2.29 %     76,019       4.82 %     70,878       4.41 %
     
 
                                               
Net earnings
  $ 57,355       3.83 %   $ 132,226       8.38 %   $ 123,630       7.69 %
     
 
                                               
Net earnings per share:
                                               
Basic
  $ 1.11             $ 2.47             $ 2.31          
 
                                         
Diluted
  $ 1.10             $ 2.44             $ 2.28          
 
                                         
 
                                               
Weighted average common shares outstanding:
                                               
Basic
    51,604               53,614               53,614          
 
                                         
Diluted
    51,913               54,284               54,284          
 
                                         
Note: The pro forma condensed consolidated statement of earnings presents the Company’s results of operations as if the After Hours acquisition had occurred on January 29, 2006, after giving effect to certain purchase accounting adjustments. The pro forma information is not necessarily indicative of actual results had the acquisition occurred on January 29, 2006.

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(MEN'S WAREHOUSE LOGO SMALL)   THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)
                 
    November 1,     November 3,  
    2008     2007  
ASSETS
               
 
               
Current assets:
               
Cash and cash equivalents
  $ 84,337     $ 102,531  
Short-term investments
    17,434        
Accounts receivable, net
    17,804       24,118  
Inventories
    490,831       515,917  
Other current assets
    66,223       69,217  
 
           
 
               
Total current assets
    676,629       711,783  
Property and equipment, net
    393,391       392,917  
Tuxedo rental product, net
    84,702       71,120  
Goodwill
    58,695       73,674  
Other assets, net
    18,361       23,204  
 
           
 
               
Total assets
  $ 1,231,778     $ 1,272,698  
 
           
 
               
LIABILITIES AND SHAREHOLDERS’ EQUITY
               
 
               
Current liabilities:
               
Accounts payable
  $ 130,944     $ 131,543  
Accrued expenses and other current liabilities
    102,347       123,214  
Income taxes payable
     468       19,425  
 
           
Total current liabilities
    233,759       274,182  
Long-term debt
    88,608       92,595  
Deferred taxes and other liabilities
    65,674       68,294  
 
           
 
               
Total liabilities
    388,041       435,071  
 
           
 
               
Shareholders’ equity:
               
Preferred stock
           
Common stock
    699       695  
Capital in excess of par
    312,485       301,690  
Retained earnings
    926,468       868,968  
Accumulated other comprehensive income
    16,621       51,929  
 
           
Total
    1,256,273       1,223,282  
 
               
Treasury stock, at cost
    (412,536 )     (385,655 )
 
           
 
               
Total shareholders equity
    843,737       837,627  
 
           
 
               
Total liabilities and equity
  $ 1,231,778     $ 1,272,698  
 
           

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(MEN'S WAREHOUSE LOGO SMALL)   THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
FOR THE NINE MONTHS ENDED
November 1, 2008 AND November 3, 2007

(In thousands)
                 
    Nine Months Ended  
    2008     2007  
CASH FLOWS FROM OPERATING ACTIVITIES:
               
Net earnings
  $ 57,355     $ 132,226  
Non-cash adjustments to net earnings:
               
Depreciation and amortization
    68,699       57,293  
Tuxedo rental product amortization
    31,739       36,976  
Other
    11,691       7,987  
Changes in assets and liabilities
    (81,423 )     (91,398 )
 
           
 
               
Net cash provided by operating activities
    88,061       143,084  
 
           
 
               
CASH FLOWS FROM INVESTING ACTIVITIES:
               
Capital expenditures
    (69,485 )     (90,394 )
Net non-cash assets acquired
          (68,253 )
Purchases of available-for-sale investments
    (17,434 )     (277,480 )
Proceeds from sales of available-for-sale investments
    59,921       277,480  
Other investing activities
     175       (91 )
 
           
 
               
Net cash used in investing activities
    (26,823 )     (158,738 )
 
           
 
               
CASH FLOWS FROM FINANCING ACTIVITIES:
               
Cash dividends paid
    (10,936 )     (9,186 )
Proceeds from revolving credit facility
    150,600        
Payments on revolving credit facility
    (105,975 )      
Payments on Canadian term loan
    (31,880 )      
Proceeds from issuance of common stock
    2,359       6,323  
Purchase of treasury stock
    (156 )     (78,080 )
Other financing activities
    (1,277 )     1,195  
 
           
 
               
Net cash provided by (used in) financing activities
    2,735       (79,748 )
 
           
 
               
Effect of exchange rate changes
    (19,082 )     18,239  
 
           
 
               
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
    44,891       (77,163 )
Balance at beginning of period
    39,446       179,694  
 
           
Balance at end of period
  $ 84,337     $ 102,531  
 
           

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