U.S. same-store sales at
last month easily exceeded its projections, and the clothing seller offered an upbeat forecast for its fourth-quarter profits.
December same-store sales at U.S. shops rose 8.1%, compared with the expected range of 3% to 4%. Comp sales at stores in Canada were up 1%. Total sales last month climbed 10.6% to $234.5 million from $212 million a year ago.
Men's Wearhouse now expects to exceed the upper end of its fourth-quarter earnings guidance of 48 cents a share. Analysts surveyed by Thomson First Call on average are looking for earnings of 50 cents.
The Houston-based company's shares rose 99 cents, or 3.4%, to $30.16 in after-hours trading Wednesday.