Men's Wearhouse Trades Higher After Upbeat Earnings and Outlook

Keep an eye on shares of Men's Wearhouse (MW) in Thursday's trading session. The suit and tuxedo company topped earnings estimates for the fourth quarter. The apparel retailer posted a narrower than expected loss. Revenue for the period also beat analysts' expectations. Men's Wearhouse says it now forecasts comparable sales of Joseph A. Bank to stay down in the first half of the year, before showing an improvement in the second half. Looking ahead, the company guided fiscal year 2015 earnings above analyst' projections. In addition, the company raised its 2017 guidance to include operations of its K&G Fashion Superstore. TheStreet's Kurumi Fukushima reports in New York.