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Actionable news in MW: THE MEN'S WEARHOUSE Inc,

Men’s Wearhouse (MW) Stock Plunges on Preliminary Quarterly Earnings

NEW YORK (TheStreet) -- Men's Wearhouse (MW - Get Report) stock is declining 37.66% to $25 in pre-market trading on Friday after the company released preliminary earnings for the fiscal 2015 third quarter.

After the market close on Thursday, the company posted preliminary earnings of 46 cents to 51 cents per share for the quarter, down from previous guidance of 87 cents per share and estimates of 99 cents per share.

Same stores sales declined 14.6% at Jos. A. Bank, which was acquired in 2014 for $1.8 billion, while same stores sales rose 5.3% at Men's Wearhouse locations.

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