BOARD OF DIRECTORS APPROVES $100 MILLION SHARE REPURCHASE PROGRAM

– Q2 2007 GAAP diluted EPS was $1.00 versus $0.65 in 2006 – Company estimates Q3 2007 GAAP diluted EPS in a range of $0.70 to $0.73 – Conference call at 5:00 pm eastern today

HOUSTON, Aug. 22 /PRNewswire-FirstCall/ — The Men’s Wearhouse (NYSE: MW)
today announced its consolidated financial results for the second quarter
ended August 4, 2007.

    SECOND QUARTER RESULTS

                    Second Quarter Sales Summary - Fiscal 2007

                                             Total
                         U.S. dollars, in    Sales     Comparable Store Sales
                             millions       Change %         Change %
                       Current    Prior Year            Current     Prior Year
                        Year                             Year
    Total Company      $569.3      $460.6    +23.6 %
      MW               $299.1(a)   $291.0(a)  +2.8 %    + 3.7 %       + 4.2 %
      After Hours       $87.6        (b)       (b)        (b)          (b)
      K&G              $101.2       $98.3     +3.0 %    - 6.9 %       + 2.3 %
        United States  $496.5      $395.6    +25.5 %    + 1.1 %       + 3.7 %
      Moores            $72.8       $65.0    +12.2 %    +8.4%(c)      +7.3%(c)

    (a)  Includes retail stores and ecommerce.
    (b)  After Hours was acquired on April 9, 2007 and will be excluded from
         comparable store sales reporting until Q2 of fiscal 2008.
    (c)  Comparable store sales change is based on the Canadian dollar.


Second quarter 2007 operating income was $82.7 million compared to
$55.6 million last year and net income was $54.2 million compared to
$35.6 million last year. GAAP diluted earnings per share were $1.00 for the
second quarter ended August 4, 2007 compared to $0.65 last year. After Hours,
after acquisition funding costs, contributed $0.24 to the GAAP diluted
earnings per share for the second quarter.

Additionally, Men’s Wearhouse announced today its Board of Directors has
approved a replenishment of the Company’s share repurchase program up to
$100 million by authorizing $90.3 million to be added to the remaining
$9.7 million of the current program.

“The decision of 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, Chairman and Chief Executive
Officer of Men’s Wearhouse.

    SECOND Quarter Highlights

    -- Total company sales increased 23.6% for the quarter.  Apparel sales,
       representing 70.7% of total sales, increased 4.0%.  Tuxedo rental
       revenues, representing 23.6% of total sales, increased 200.9%.   Tuxedo
       rental revenues excluding After Hours increased 16.4%.

       -- Comparable store sales increased 1.1% for the Company's United
          States based stores, at the high end of the Company's guidance of
          flat to +1%.  The increase in comparable store sales is primarily
          due to growth of the Company's tuxedo rental business and increases
          in traffic levels resulting in higher clothing sales at TMW; both of
          which offset traffic weakness at K&G.

       -- Comparable store sales increased 8.4% for the Company's Canadian
          based stores, ahead of the Company's guidance of +4% to +6%, and is
          a reflection of gains in both traffic levels and average ticket.

    -- Gross margin, as a percentage of sales, increased 498 basis points from
       43.23% to 48.21%.  This improvement is due to both organic and acquired
       growth in tuxedo rental revenues as well as continued gains in
       merchandise margins.

    -- Selling, general, and administrative expenses as a percentage of sales
       increased 253 basis points from 31.16% to 33.69%.  This increase is due
       to the inclusion of the operations of After Hours.

    -- Operating Income increased 245 basis points from 12.07% to 14.52%.

    -- The effective tax rate for the quarter of 34.8% was lower than the
       Company's guidance of 37.6%.  This was due to favorable developments on
       certain outstanding income tax matters.

    -- During the quarter the Company repurchased 495,900 shares for a total
       of $24.7 million.

THIRD QUARTER 2007 GUIDANCE AND UPDATED FISCAL 2007 OUTLOOK

For the third quarter of 2007, the Company expects same store sales growth
in the U.S. to be in a range of flat to +1% and in Canada to be in a range of
+2% to +4%. GAAP diluted earnings per share are expected to be in the range
of $0.70 to $0.73.

After Hours revenues for the third quarter are estimated in a range of
$64 million to $66 million. After consideration of acquisition funding costs,
AH is expected to be accretive to fiscal third quarter 2007 in a range of
$0.06 to $0.07 per diluted share outstanding.

For the fiscal year ending February 2, 2008, the Company expects GAAP
diluted earnings per share in a range of $2.98 to $3.02. Same store sales
changes in the U.S. for fiscal 2007 are expected to be flat to +1% and in
Canada are expected to be in a range of +4% to +5%.

After Hours revenues for fiscal 2007 are estimated in a range of
$208 million to $212 million. After consideration of acquisition funding
costs, AH is expected to be accretive to fiscal 2007 in a range of $0.10 to
$0.12 per diluted share outstanding. It should be noted that the seasonality
of AH revenues is heavily concentrated in April, May and June. Second
quarter, followed by third quarter, is the highest revenue quarter for AH and
first and fourth quarters are considered off season. As a result, AH
typically has income in the second and third quarters and losses in the first
and fourth quarters.

For the third quarter, the guidance includes an estimated effective tax
rate of approximately 37.4% and fully diluted shares outstanding of
53.9 million. For the full year, the estimated effective tax rate is 36.6%
and the fully diluted shares outstanding are estimated to be 54.2 million.

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 second
quarter 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
August 29th by calling 303-590-3000 and entering the access code of 11093425#,
or a webcast archive will be available free on the website for approximately
90 days.


    STORE INFORMATION



                      August 4, 2007      July 29, 2006     February 3, 2007

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

    Men's Wearhouse    553    3,091.8      534    2,952.5     543    3,014.8

    After Hours        500      639.5       (a)       (a)      (a)       (a)

    Moores, Clothing
     for Men           116      722.6      116      719.8     116      722.7

    K&G (b)            100    2,326.8       85    2,045.5      93    2,201.6

    Total            1,269    6,780.7      735    5,717.8     752    5,939.1


    (a)  After Hours was acquired on April 9th, 2007.
    (b)  83, 63 and 73 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 1,269 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, Moores, After Hours, and select K&G 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 February 3, 2007 and Form 10-Q
for the quarter ended May 5, 2007.

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
                       August 4, 2007 AND July 29, 2006
                    (In thousands, except per share data)

                                                 Three Months Ended
                                                   % of                % of
                                         2007     Sales      2006     Sales

    Net sales                          $569,346  100.00%   $460,587  100.00%
    Cost of goods sold, including
     buying, distribution and occupancy
     costs                              294,848   51.79%    261,464   56.77%
                     Gross margin       274,498   48.21%    199,123   43.23%

    Selling, general and
     administrative expenses            191,822   33.69%    143,529   31.16%

    Operating income                     82,676   14.52%     55,594   12.07%

    Interest income                      (1,671)  -0.29%     (2,793)  -0.61%
    Interest expense                      1,123    0.20%      2,289    0.50%

    Earnings before income taxes         83,224   14.62%     56,098   12.18%

    Provision for income taxes           28,998    5.09%     20,477    4.45%

    Net earnings                        $54,226    9.52%    $35,621    7.73%

    Net earnings per share:
        Basic                             $1.01               $0.67
        Diluted                           $1.00               $0.65

    Weighted average common shares
     outstanding:
        Basic                            53,739              53,260
        Diluted                          54,366              54,524



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

                           FOR THE SIX MONTHS ENDED
                       August 4, 2007 AND July 29, 2006
                    (In thousands, except per share data)

                                                  Six Months Ended
                                                   % of               % of
                                          2007     Sales     2006     Sales

    Net sales                         $1,065,464  100.00%  $895,151  100.00%
    Cost of goods sold, including
     buying, distribution and occupancy
     costs                               564,693   53.00%   513,199   57.33%
                     Gross margin        500,771   47.00%   381,952   42.67%

    Selling, general and
     administrative expenses             352,832   33.12%   279,970   31.28%

    Operating income                     147,939   13.88%   101,982   11.39%

    Interest income                       (3,303)  -0.31%    (4,788)  -0.53%
    Interest expense                       2,209    0.21%     4,480    0.50%

    Earnings before income taxes         149,033   13.99%   102,290   11.43%

    Provision for income taxes            53,874    5.06%    37,813    4.22%

    Net earnings                         $95,159    8.93%   $64,477    7.20%

    Net earnings per share:
        Basic                              $1.77              $1.21
        Diluted                            $1.74              $1.18

    Weighted average common shares
     outstanding:
        Basic                             53,851             53,196
        Diluted                           54,538             54,622



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

                                                August 4,            July 29,
                                                  2007                 2006
                     ASSETS

    Current assets:
      Cash and cash equivalents                  $85,260             $79,511
      Short-term investments                      49,675             169,900
      Inventories                                460,800             429,882
      Other current assets                        88,473              51,264

         Total current assets                    684,208             730,557
    Property and equipment, net                  370,066             266,650
    Goodwill                                      62,769              57,978
    Other assets, net                             97,041              76,616

         Total assets                         $1,214,084          $1,131,801

    LIABILITIES AND SHAREHOLDERS' EQUITY

    Current liabilities                         $251,131            $187,469
    Long-term debt                                82,033             206,427
    Deferred taxes and other liabilities          61,811              49,762
    Shareholders' equity                         819,109             688,143

         Total liabilities and equity         $1,214,084          $1,131,801



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

                           FOR THE SIX MONTHS ENDED
                       August 4, 2007 AND July 29, 2006
                                (In thousands)

                                                         Six Months Ended
                                                        2007           2006
    CASH FLOWS FROM OPERATING ACTIVITIES:
      Net earnings                                    $95,159        $64,477
      Non-cash adjustments to net earnings:

        Depreciation and amortization                  36,757         30,297
        Tuxedo rental product amortization             25,646          9,792
        Other                                          (1,128)         1,704
      Changes in assets and liabilities               (44,765)       (83,698)

             Net cash provided by operating
              activities                              111,669         22,572

    CASH FLOWS FROM INVESTING ACTIVITIES:
      Capital expenditures                            (52,712)       (24,821)
      Net non-cash assets acquired                    (69,738)             -
      Purchases of available-for-sale investments    (267,530)      (179,920)
      Proceeds from sales of available-for-sale
       investments                                    217,855         72,795
      Other                                             1,544           (588)

             Net cash used in investing activities   (170,581)      (132,534)

    CASH FLOWS FROM FINANCING ACTIVITIES:
      Cash dividends paid                              (6,015)        (5,380)
      Proceeds from issuance of common stock            5,622          5,160
      Purchase of treasury stock                      (43,965)       (11,512)
      Other                                             1,120            578

             Net cash used in financing activities    (43,238)       (11,154)

     Effect of exchange rate changes                    7,716            401

    DECREASE IN CASH AND CASH EQUIVALENTS             (94,434)      (120,715)
      Balance at beginning of period                  179,694        200,226
      Balance at end of period                        $85,260        $79,511


SOURCE The Men’s Wearhouse