Exhibit 99.1
     
The Men’s Wearhouse, Inc.

  News Release
  (MENS WEARHOUSE LOGO)
 
   
 
  For Immediate Release
MEN’S WEARHOUSE REPORTS FISCAL 2008
FOURTH QUARTER AND FULL YEAR RESULTS
  Q4 2008 GAAP diluted EPS was $0.03 and adjusted loss per share was $0.06 compared with Q4 2007 GAAP diluted EPS of $0.28
  Fiscal 2008 GAAP diluted EPS was $1.13 and adjusted diluted EPS was $1.17 compared with 2007 GAAP diluted EPS of $2.73 and 2007 pro-forma diluted EPS of $2.57
  Company provides guidance for the first half of fiscal 2009
  Conference call at 5:00 pm Eastern today
HOUSTON — March 11, 2009 — The Men’s Wearhouse (NYSE: MW) today announced its consolidated financial results for the fourth quarter and fiscal year ended January 31, 2009.
Fourth Quarter Sales Summary — Fiscal 2008
                                         
    U.S. dollars, in millions           Comparable Store Sales Change %
    Current Year   Prior Year   Total Sales Change %   Current Year   Prior Year
Total Company
  $ 476.4     $ 535.0       -11.0 %                
MW
  $ 315.8 (a)   $ 340.3 (a)     -7.2 %     -9.7 %(b)     -5.4 %(b)
K&G
  $ 98.6     $ 109.0       -9.5 %     -10.7 %     -17.2 %
United States
  $ 424.5     $ 463.9       -8.5 %     -9.9 %     -8.6 %
Moores
  $ 51.9     $ 71.1       -27.0 %     -10.5 %(c)     -7.3 %(c)
Year-To-Date Sales Summary — Fiscal 2008
                                         
    U.S. dollars, in millions           Comparable Store Sales Change %
    Current Year   Prior Year   Total Sales Change %   Current Year   Prior Year
Total Company
  $ 1,972.4     $ 2,112.6       -6.6 %                
MW
  $ 1,322.0 (a)   $ 1,413.3 (a)     -6.5 %     - 9.0% (b)     - 0.4% (b)
K&G
  $ 376.0     $ 407.8       -7.8 %     -11.7%     - 10.9%
United States
  $ 1,742.2     $ 1,862.9       - 6.5 %     - 9.6%     -3.0%
Moores
  $ 230.2     $ 249.7       -7.8 %     - 5.6% (c)     + 1.5% (c)
 
(a)   Includes retail stores and ecommerce as well as stores resulting from the acquisition of After Hours on April 9, 2007.
 
(b)   Comparable store sales do not include ecommerce. Stores from the After Hours acquisition 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 $0.03 for the fourth quarter ended January 31, 2009. Adjusted loss per share was $0.06. This excludes a $5.8 million (net of tax) or $0.11 per diluted share outstanding gain from an eminent domain sale of a distribution center and a $1.2 million (net of tax) or $0.02 per diluted share outstanding non-cash fixed asset impairment charge.
Diluted earnings per share were $1.13 for fiscal year 2008. Adjusted diluted earnings per share were $1.17. This excludes a $6.6 million (net of tax) or $0.13 per diluted share outstanding cost to close the Canadian based manufacturing facility operated by the Company’s subsidiary, Golden Brand, a $5.8 million (net of tax) or $0.11 per diluted share outstanding gain from an eminent domain sale of a distribution center and a $1.2 million (net of tax) or $0.02 per diluted share outstanding non-cash fixed asset impairment charge.
FOURTH QUARTER REVIEW
    Total Company sales decreased 11.0% for the quarter.
    Clothing product sales, representing 85.4% of fiscal fourth quarter 2008 total net sales, decreased 12.8% due to decreases in the Company’s comparable store sales primarily driven by a reduction in store traffic levels.
 
    Tuxedo rental sales, representing 7.5% of fiscal fourth quarter 2008 total net sales, increased 3.0%.
    Gross margin before occupancy costs, as a percentage of total net sales, decreased 294 basis points from 56.68% to 53.74%. Decreases in clothing product margins, as a percentage of related sales, of 396 basis points were offset by the impact of the higher margin tuxedo rental revenues that increased from 6.50% to 7.52% as a percentage of total sales.
    Occupancy costs increased, as a percentage of total net sales, by 141 basis points from 13.91% to 15.32% primarily due to the deleveraging effect of reduced comparable store sales.
    In the fourth quarter, the Company realized a pretax gain of $8.8 million from an eminent domain sale of a distribution center and incurred a pretax non-cash fixed asset impairment charge in the amount of $1.8 million. Selling, general, and administrative expenses, excluding these items, decreased 7.1% from the prior year quarter of $207.3 million to $192.6 million due primarily to cost-cutting measures implemented during the quarter.
    Operating loss excluding the $8.8 million gain on the distribution center sale and the $1.8 million impairment charge was $9.6 million or negative 2.0% of total net sales compared to $21.5 million or 4.0% of total net sales for the same period last year.
    The Company realized an income tax benefit for the quarter due to favorable developments on certain outstanding income tax matters and a true up of the tax provision for the full year.

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FISCAL 2009 GUIDANCE
Due primarily to the lack of forward visibility as to macro economic conditions, the Company is implementing modifications to its forward guidance practices beginning with fiscal 2009. The Company will provide specific financial related guidance for the first half of the fiscal year and plans to update that guidance when it reports first quarter earnings. The Company has provided below additional guidance around certain elements which management believes will influence the Company’s annual results. Finally, the Company will eliminate its past practice of providing mid quarter updates on earnings per share guidance.
For the first half of the fiscal year, the Company expects GAAP diluted earnings per share in a range of $0.45 to $0.65.
The Company anticipates comparable store sales of its retail apparel business to decline in a range of 6% to 10% and comparable store sales of its tuxedo rental revenues to increase in a range of 7% to 9%. Total Company sales are expected to decrease in the 4% to 7% range.
The Company expects first quarter results, on a diluted EPS basis, to be break even to a mid single digit range loss and that the second quarter will drive the majority of first half estimated earnings results which is due to the tuxedo rental business seasonality favoring the second fiscal quarter of the year.
Gross margins before occupancy costs for the first and second quarter are expected to be below the prior year as the Company continues a more aggressive posture in strengthening its value proposition for customers. Occupancy costs are expected to be flat to a modest reduction for the first half in dollar terms; however, as a percentage of revenues, these costs will deleverage from the prior year rate.
The Company has implemented a variety of cost containment and operational changes that have resulted in an immediate reduction in payroll and benefit costs in the fourth quarter of fiscal 2008. Further, the actions are expected to drive reported selling, general and administrative expenses, excluding advertising costs, for the first half of the year down by 7% to 9% from the prior year. This expected rate of reduction will enable the Company to realize expense leverage for the first half of the year.
Net interest expense is expected to decline for the first half and full year due to positive increases in free cash flow.
This guidance includes an estimated annual effective tax rate of approximately 38.0%; however, the Company expects continuing variability in quarterly tax rates.
Fully diluted shares outstanding of 52.1 million are estimated for the year. The Company’s share repurchase program will be influenced by several factors including business and market conditions.
The Company anticipates opening new stores throughout the year. Currently the aggregate number of new openings is expected to be up to 10; however, the Company remains flexible to take advantage of real estate opportunities that may arise.

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Capital expenditures for the full year are targeted in a range of $50 million to $55 million and depreciation and amortization is estimated at $85 million.
CONFERENCE CALL AND WEBCAST INFORMATION
At 5:00 p.m. Eastern time on Wednesday, March 11, 2009, Company management will host a conference call and real time web cast to review the fiscal fourth quarter and full year 2008 and provide its outlook for fiscal 2009.
To access the conference call, dial 303-262-2140. 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 March 18, 2009 by calling 303-590-3000 and entering the access code of 11124766# or a webcast archive will be available free on the website for approximately 90 days.
STORE INFORMATION
                                 
    January 31, 2009   February 2, 2008
    Number of Stores   Sq. Ft. (000’s)   Number of Stores   Sq. Ft. (000’s)
Men’s Wearhouse
    580       3,263.1       563       3,152.6  
Men’s Wearhouse and Tux
    489       665.0       489       652.0  
Moores, Clothing for Men
    117       729.3       116       719.8  
K&G (a)
    108       2,493.4       105       2,428.8  
Total
    1,294       7,150.8       1,273       6,953.2  
 
(a)   93 and 89 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 1,294 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 Men’s Wearhouse and Tux stores carry a limited selection. Tuxedo rentals are available in the Men’s Wearhouse, Moores and Men’s Wearhouse and 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.menswearhouse.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 WEARHOUSE LOGO)
  THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

(Unaudited)
FOR THE THREE MONTHS ENDED
January 31, 2009 AND February 2, 2008

(In thousands, except per share data)
                                 
    Three Months Ended  
            % of             % of  
    2008     Sales     2007     Sales  
     
 
                               
Net sales:
                               
Clothing product
  $ 406,690       85.37 %   $ 466,221       87.15 %
Tuxedo rental services
    35,806       7.52 %     34,752       6.50 %
Alteration and other services
    33,864       7.11 %     33,985       6.35 %
     
Total net sales
    476,360       100.00 %     534,958       100.00 %
 
                               
Cost of sales:
                               
Clothing product including buying and distribution costs
    187,871       39.44 %     196,900       36.81 %
Tuxedo rental services
    9,946       2.09 %     9,591       1.79 %
Alteration and other services
    22,557       4.74 %     25,230       4.72 %
Occupancy costs
    72,996       15.32 %     74,422       13.91 %
     
Total cost of sales
    293,370       61.59 %     306,143       57.23 %
 
                               
Gross margin
    182,990       38.41 %     228,815       42.77 %
 
                               
Selling, general and administrative expenses
    185,550       38.95 %     207,266       38.74 %
     
 
                               
Operating income (loss)
    (2,560 )     (0.54 )%     21,549       4.03 %
 
                               
Interest income
    333       0.07 %     1,332       0.25 %
 
                               
Interest expense
    (683 )     (0.14 )%     (1,533 )     (0.29 )%
     
 
                               
Earnings (loss) before income taxes
    (2,910 )     (0.61 )%     21,348       3.99 %
 
                               
Provision (benefit) for income taxes
    (4,399 )     (0.92 )%     6,533       1.22 %
     
 
                               
Net earnings
  $ 1,489       0.31 %   $ 14,815       2.77 %
     
 
                               
Net earnings per share:
                               
Basic
  $ 0.03             $ 0.28          
 
                           
Diluted
  $ 0.03             $ 0.28          
 
                           
 
                               
Weighted average common shares outstanding:
                               
Basic
    51,768               52,187          
 
                           
Diluted
    52,037               52,708          
 
                           

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

(Unaudited)
FOR THE TWELVE MONTHS ENDED
January 31, 2009, February 2, 2008 AND PRO FORMA February 2, 2008

(In thousands, except per share data)
                                                 
    Twelve Months Ended  
            % of             % of     Pro Forma     % of  
    2008     Sales     2007     Sales     2007     Sales  
     
 
                                               
Net sales:
                                               
 
                                               
Clothing product
  $ 1,515,704       76.84 %   $ 1,656,167       78.40 %   $ 1,659,685       77.46 %
Tuxedo rental services
    329,951       16.73 %     325,272       15.40 %     351,606       16.41 %
Alteration and other services
    126,763       6.43 %     131,119       6.21 %     131,247       6.13 %
     
Total net sales
    1,972,418       100.00 %     2,112,558       100.00 %     2,142,538       100.00 %
 
                                               
Cost of sales:
                                               
Clothing product including buying and distribution costs
    672,629       34.10 %     709,260       33.57 %     711,874       33.23 %
Tuxedo rental services
    59,515       3.02 %     61,663       2.92 %     65,904       3.08 %
Alteration and other services
    96,165       4.88 %     99,577       4.71 %     99,577       4.65 %
Occupancy costs
    293,597       14.89 %     272,001       12.88 %     278,395       12.99 %
     
Total cost of sales
    1,121,906       56.88 %     1,142,501       54.08 %     1,155,750       53.94 %
 
                                               
Gross margin
    850,512       43.12 %     970,057       45.92 %     986,788       46.06 %
 
                                               
Selling, general and administrative expenses
    760,041       38.53 %     741,405       35.10 %     771,184       35.99 %
     
 
                                               
Operating income
    90,471       4.59 %     228,652       10.82 %     215,604       10.06 %
 
                                               
Interest income
    2,592       0.13 %     5,987       0.28 %     5,509       0.26 %
Interest expense
    (4,300 )     (0.22 )%     (5,046 )     (0.24 )%     (5,257 )     (0.25 )%
     
 
                                               
Earnings before income taxes
    88,763       4.50 %     229,593       10.87 %     215,856       10.07 %
 
                                               
Provision for income taxes
    29,919       1.52 %     82,552       3.91 %     77,411       3.61 %
     
 
                                               
Net earnings
  $ 58,844       2.98 %   $ 147,041       6.96 %   $ 138,445       6.46 %
     
 
                                               
Net earnings per share:
                                               
Basic
  $ 1.14             $ 2.76             $ 2.60          
 
                                         
Diluted
  $ 1.13             $ 2.73             $ 2.57          
 
                                         
 
                                               
Weighted average common shares outstanding:
                                               
Basic
    51,645               53,258               53,258          
 
                                         
Diluted
    51,944               53,890               53,890          
 
                                         
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 WEARHOUSE LOGO)
  THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)
(Unaudited)
                 
    January 31,     February 2,  
    2009     2008  
 
               
ASSETS
               
Current assets:
               
Cash and cash equivalents
  $ 87,412     $ 39,446  
Short-term investments
    17,121       59,921  
Accounts receivable, net
    16,315       18,144  
Inventories
    440,099       492,423  
Other current assets
    70,668       61,061  
 
           
 
               
Total current assets
    631,615       670,995  
Property and equipment, net
    387,472       410,167  
Tuxedo rental product, net
    96,691       84,089  
Goodwill
    57,561       65,309  
Other assets, net
    14,391       25,907  
 
           
 
               
Total assets
  $ 1,187,730     $ 1,256,467  
 
           
 
               
LIABILITIES AND SHAREHOLDERS’ EQUITY
               
 
               
Current liabilities:
               
Accounts payable
  $ 108,800     $ 146,713  
Accrued expenses and other current liabilities
    111,404       124,952  
Income taxes payable
    19       5,590  
 
           
 
               
Total current liabilities
    220,223       277,255  
Long-term debt
    62,916       92,399  
Deferred taxes and other liabilities
    62,443       70,876  
 
           
 
               
Total liabilities
    345,582       440,530  
 
           
 
               
Shareholders’ equity:
               
Preferred stock
           
Common stock
    700       696  
Capital in excess of par
    315,404       305,209  
Retained earnings
    924,288       880,084  
Accumulated other comprehensive income
    14,292       43,629  
 
           
Total
    1,254,684       1,229,618  
 
               
Treasury stock, at cost
    (412,536 )     (413,681 )
 
           
 
               
Total shareholders’ equity
    842,148       815,937  
 
           
 
               
Total liabilities and equity
  $ 1,187,730     $ 1,256,467  
 
           

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

(Unaudited)
FOR THE TWELVE MONTHS ENDED
January 31, 2009 AND February 2, 2008

(In thousands)
                 
    Twelve Months Ended  
    2008     2007  
 
               
CASH FLOWS FROM OPERATING ACTIVITIES:
               
Net earnings
  $ 58,844     $ 147,041  
Non-cash adjustments to net earnings:
               
Depreciation and amortization
    90,665       80,296  
Tuxedo rental product amortization
    38,180       42,067  
Other
    12,707       15,073  
Changes in assets and liabilities
    (70,906 )     (79,600 )
 
           
 
               
Net cash provided by operating activities
    129,490       204,877  
 
           
 
               
CASH FLOWS FROM INVESTING ACTIVITIES:
               
Capital expenditures
    (88,225 )     (126,076 )
Net non-cash assets acquired
          (68,232 )
Proceeds from sale of distribution facility
    9,588        
Purchases of available-for-sale investments
    (17,121 )     (337,401 )
Proceeds from sales of available-for-sale investments
    59,921       277,480  
Other investing activities
    811       (40 )
 
           
 
               
Net cash used in investing activities
    (35,026 )     (254,269 )
 
           
 
               
CASH FLOWS FROM FINANCING ACTIVITIES:
               
Cash dividends paid
    (14,600 )     (12,353 )
Proceeds from revolving credit facility
    150,600       30,500  
Payments on revolving credit facility
    (130,975 )     (25,125 )
Payments on Canadian term loan
    (31,880 )      
Proceeds from issuance of common stock
    2,853       7,128  
Purchase of treasury stock
    (156 )     (106,107 )
Other financing activities
    (1,261 )     1,543  
 
           
 
               
Net cash used in financing activities
    (25,419 )     (104,414 )
 
           
 
               
Effect of exchange rate changes
    (21,079 )     13,558  
 
           
 
               
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
    47,966       (140,248 )
Balance at beginning of period
    39,446       179,694  
 
           
Balance at end of period
  $ 87,412     $ 39,446  
 
           

Page 9