Men's Wearhouse Lifts Targets

The company's December same-store sales are better than expected.
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U.S. same-store sales at

Men's Wearhouse

(MW)

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.