US Market Stock Earnings Release (MW, LULU)

The Men’s Wearhouse Inc. (NYSE: MW), on Wednesday, reported its first-quarter results. The company reported an increase of 2% in sales, with clothing product sales increasing 2.6% and tuxedo rental sales increasing 1%. Gross margin improved 105 basis points to 57.2% in the quarter.

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The company reported first-quarter operating income of $21.4 million, compared with $8.8 million reported for the same period last year. Diluted EPS came in at $0.26, up from $0.10 reported for the first quarter of 2009.

The Men’s Wearhouse also issued guidance for the second quarter. The company expects GAAP diluted EPS to be in the range of $0.75-$0.78.

Shares of the Men’s Wearhouse Inc. are up 16.28% to $21.71 today. The stock opened at $20.03 and reached a high of $21.69 on volume of 941,631. The stock has a 52-week range of $16.51-$27.67. It has a 50-day moving average of $23.23 and a 200-day moving average of $22.94. The support level for the stock is at $18.22 and the resistance level is at $20.93.

Houston, Texas based The Men’s Wearhouse inc. is a specialty retailer.

Lululemon Athletica Inc. (NASDAQ: LULU) today reported its first-quarter financial results. For the quarter ended May 2, 2010, the company reported net revenue of $138.3 million, up from $81.7 million reported for the same period last year. Comparable-store sales increased 35% in the quarter.

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The company reported that its gross profit in the first quarter improved from 42.9% reported for the same period last year to 53.8% in the first quarter this year. Diluted EPS came in at $0.27, compared with diluted EPS of $0.09 reported for the same period last year.

For the second quarter, the company is expecting net revenue to be in the range of $140-$145 million. Diluted EPS is expected to be in the range of $0.21-$0.23.

Shares of Lululemon Athletica are up 4.88% to $41.01 today. The stock opened at $40.23 and reached a high of $42.16 on volume of 1.31 million/. The 52-week range for the stock is $11.21-$45.61. It has a 50-day moving average of $40.75 and a 200-day moving average of $31.01. The stock has seen support at $38.14 and resistance at around $40.51.

Vancouver, Canada-based Lululemon Athletica designs and retails technical athletic apparel.

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