Shares of The Men’s Wearhouse Inc. (NYSE: MW) climbed 3.65% by afternoon trade. The Company said on Wednesday that fiscal first quarter profit rose 23%, driven by stronger margins. Net income climbed to $33.1 million or 65 cents a share from $26.9 million or 52 cents a share, in the year-earlier quarter. Revenue climbed 5.1% [...]
Shares of Five Below Inc. (NASDAQ: FIVE) slumped in early trade after the discount retailer, which focuses on teenagers and preteen consumers, late last evening, provided downbeat guidance on the current fiscal year. However, fiscal fourth quarter results edged past analysts’ estimations.
New York City-based apparel company PVH Corp. (NYSE: PVH) today announced that it entered into a definitive agreement to acquire The Warnaco Group Inc. (NYSE: WRC) in a cash and stock deal valued at $2.9 billion. The announcement sent shares of both PVH and WRC higher in trading today.
Shares of Lexmark International Inc. (NYSE: LXK), a developer, manufacturer and supplier of printing, imaging, document workflow and content management solutions for the office, saw a huge rally in trading today.