EXHIBIT 99.1

The Men’s Wearhouse, Inc.

For Immediate Release

News Release

MEN’S WEARHOUSE REPORTS THIRD QUARTER 2004 RESULTS

Diluted EPS up 48% to $0.34 including charge

Diluted EPS increased 65% to $0.38 excluding charge

HOUSTON – November 17, 2004 – The Men’s Wearhouse (NYSE: MW) today announced its consolidated financial results for the third quarter ended October 30, 2004.

Third Quarter Sales Summary — Fiscal 2004

	U.S. dollars,
	in millions
	Current		Prior		Total Sales			Comparable Store
	Year		Year		Change %			Sales Change %
Total Company	$	357.8	$	322.6		10.9	%
United States	$	318.5	$	288.5		10.4	%		6.1	%
Canada	$	39.3	$	34.1		15.2	%(a)		9.7	%

Net earnings were $12.6 million, or $0.34 diluted earnings per share, for the quarter, compared to net earnings of $9.1 million, or $0.23 diluted earnings per share, in the same period a year ago. Adding back a charge of $1.3 million, net of tax, or $0.04 diluted earnings per share in the current year third quarter for the impairment of certain technology assets, net earnings were $13.9 million and diluted earnings per share were $0.38, up 65% over the prior year. A reconciliation of net income for the third quarter and first nine months of 2004, respectively, to our non-GAAP net income for the third quarter and first nine months of 2004 is included in a table at the end of this release.

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Nine Month Sales Summary – Fiscal 2004

	U.S. dollars,
	in millions
					Total Sales			Comparable Store
	Current Year		Prior Year		Change %			Sales Change %
Total Company	$	1,088.0	$	970.0		12.2	%
United States	$	969.3	$	864.4		12.1	%		8.3	%
Canada	$	118.7	$	105.6		12.4	%(a)		7.5	%

Net earnings were $45.9 million, or $1.25 diluted earnings per share, for the nine months, compared to net earnings of $31.5 million, or $0.79 diluted earnings per share, in the same period a year ago. Adding back the above mentioned charge, net earnings were $47.2 million and diluted earnings per share were $1.29, up 63% over the prior year.

(a) Total sales change % using Canadian dollars was 8.8% and 7.0% for the quarter and nine month periods, respectively.

Store Information

	October 30, 2004				November 1, 2003				January 31, 2004
	Number		Sq. Ft.		Number		Sq. Ft.		Number		Sq. Ft.
	of Stores		(000’s)		of Stores		(000’s)		of Stores		(000’s)
Men’s Wearhouse		514		2,801.4		504		2,750.4		506		2,762.8
Moores, Clothing for Men		114		704.3		114		700.1		114		700.1
K&G (b)		74		1,712.1		71		1,626.3		73		1,672.9
Total		702		5,217.8		689		5,076.8		693		5,135.8

(b) 38, 30 and 35 stores, respectively, offering women’s apparel.

Fiscal 2004 Guidance

• Net Sales

The company expects its fourth quarter net sales to be in the range of $449.8 million to $452.8 million, an increase of 6.4% to 7.1%. Fifty two week net sales are expected to be in the range of $1.538 billion to $1.541 billion, an increase of 10.4% to 10.6%.

U.S. comparable store sales growth for fourth quarter and the full year are expected to be positive mid single digit and positive high single digit, respectively. Canadian comparable store sales for the fourth quarter and full year are expected to be positive low single digit and positive mid single digit, respectively.

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• Gross Margin

Gross margin, as a percentage of sales, for the fourth quarter and full year is expected to be in the range of 38.5% to 38.6% and 38.7% to 38.8%, respectively.

• S G & A Margin

Selling, general and administrative expenses, as a percentage of sales, for the fourth quarter and full year are anticipated to be in the range of 30.2% to 30.3%, and 31.3% to 31.5%, respectively.

• Effective Tax Rate of approximately 37.25%.

• Diluted Earnings Per Share (c)

Fourth Quarter	$0.61 — $0.63
Fiscal Year	$1.86 — $1.88 (d)

(c)	Diluted shares are estimated to be 36.9 million for the fourth quarter and 36.8 million for the fiscal year.
(d)	Includes the $0.04 per diluted share charge related to the impairment of certain technology assets

• Capital Expenditures and Depreciation & Amortization

Capital expenditures for the year are estimated to be $73 million and depreciation and amortization is estimated to be $51 million.

• Store Growth

The company anticipates square footage to increase approximately 3.1% with the following net store opening activity for the year:

Fiscal Year 2004

	1st Q Actual		2nd Q		3rd Q		4th Q		Total
	Actual		Actual		Actual
Men’s Wearhouse		2		0		6		3		11
K&G		0		1		0		2		3
Total		2		1		6		5		14

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CONFERENCE CALL AND WEBCAST INFORMATION

At 5:30 p.m. Eastern Time today, company management will host a conference call and real-time webcast to review the financial results of The Men’s Wearhouse, Inc.’s third quarter. To access the conference call, dial 303-262-2131. To access the live webcast presentation, visit the Investor Relations section of the company’s website at www.menswearhouse.com. A telephonic replay will be available through November 24th by calling 303-590-3000 and entering the access code of 11014253, or a webcast archive will be available free on the website for approximately 90 days.

Founded in 1973, Men’s Wearhouse is one of North America’s largest specialty retailers of men’s apparel with 702 stores. The stores carry a full selection of designer, brand name and private label suits, sport coats, furnishings and accessories, including tuxedo rentals available in the Men’s Wearhouse and Moores stores.

For additional information on Men’s Wearhouse, please visit the company’s website at www.menswearhouse.com.

This press release contains forward-looking information. The forward-looking statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements may be significantly impacted by various factors, including unfavorable local, regional and national economic developments, disruption in retail buying trends due to homeland security concerns, severe weather conditions, aggressive advertising or marketing activities of competitors and other factors described herein and in the Company’s annual report on Form 10-K for the year ended January 31, 2004 and subsequent Forms 10-Q.

CONTACT:	Claudia Pruitt, Men’s Wearhouse (713) 592-7200
	Ken Dennard, DRG&E (713) 529-6600

- Tables to Follow -

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THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS

FOR THE NINE MONTHS ENDED
OCTOBER 30, 2004 AND NOVEMBER 1, 2003
(In thousands, except per share data)
(Unaudited)

	Nine Months Ended
				% of						% of
	2004			Sales			2003			Sales
Net sales	$	1,088,004			100.00	%	$	970,027			100.00	%
Cost of goods sold, including buying and occupancy costs		665,323			61.15	%		617,434			63.65	%
Gross margin		422,681			38.85	%		352,593			36.35	%
Selling, general and administrative expenses		346,308			31.83	%		300,913			31.02	%
Operating income		76,373			7.02	%		51,680			5.33	%
Interest income		(953	)		-0.09	%		(1,017	)		-0.10	%
Interest expense		4,204			0.39	%		2,475			0.26	%
Earnings before income taxes		73,122			6.72	%		50,222			5.18	%
Provision for income taxes		27,238			2.50	%		18,707			1.93	%
Net earnings	$	45,884			4.22	%	$	31,515			3.25	%
Net earnings per basic share	$	1.27					$	0.80
Net earnings per diluted share	$	1.25					$	0.79
Weighted average shares outstanding:
Basic		35,989						39,329
Diluted		36,709						39,775

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THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS

FOR THE THREE MONTHS ENDED
OCTOBER 30, 2004 AND NOVEMBER 1, 2003
(In thousands, except per share data)
(Unaudited)

	Three Months Ended
				% of						% of
	2004			Sales			2003			Sales
Net sales	$	357,795			100.00	%	$	322,613			100.00	%
Cost of goods sold, including buying and occupancy costs		218,430			61.05	%		204,175			63.29	%
Gross margin		139,365			38.95	%		118,438			36.71	%
Selling, general and administrative expenses		118,212			33.04	%		103,344			32.03	%
Operating income		21,153			5.91	%		15,094			4.68	%
Interest income		(316	)		-0.09	%		(348	)		-0.11	%
Interest expense		1,431			0.40	%		1,012			0.31	%
Earnings before income taxes		20,038			5.60	%		14,430			4.47	%
Provision for income taxes		7,464			2.09	%		5,375			1.67	%
Net earnings	$	12,574			3.51	%	$	9,055			2.81	%
Net earnings per basic share	$	0.35					$	0.23
Net earnings per diluted share	$	0.34					$	0.23
Weighted average shares outstanding:
Basic		35,861						38,927
Diluted		36,692						39,785

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THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED BALANCE SHEETS

	October 30,		November 1,
	2004		2003
	(Unaudited)
ASSETS
Current assets:
Cash	$	95,179	$	92,845
Accounts receivable, net		17,763		14,516
Inventory		434,271		423,073
Other current assets		33,542		26,638
Total current assets		580,755		557,072
Property and equipment, net		233,138		211,187
Goodwill, net		56,025		39,417
Other assets, net		47,480		37,730
Total assets	$	917,398	$	845,406
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities	$	205,878	$	177,258
Long term debt		131,000		130,000
Deferred taxes and other liabilities		34,845		29,140
Shareholders’ equity		545,675		509,008
Total liabilities and equity	$	917,398	$	845,406

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THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS

FOR THE NINE MONTHS ENDED
OCTOBER 30, 2004 AND NOVEMBER 1, 2003
(In thousands)
(Unaudited)

	Nine Months Ended
	2004			2003
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings	$	45,884		$	31,515
Non-cash adjustments to net earnings:
Depreciation and amortization		37,827			36,828
Other		4,908			(2,680	)
Changes in assets and liabilities		(55,730	)		(41,105	)
Net cash provided by operating activities		32,889			24,558
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures		(54,675	)		(32,581	)
Net assets acquired		(11,000	)		—
Other		(291	)		(1,605	)
Net cash used in investing activities		(65,966	)		(34,186	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of debt		—			130,000
Principal payments on bank debt		—			(44,175	)
Purchase of treasury stock		(11,186	)		(73,435	)
Other		5,889			3,334
Net cash provided by (used in) financing activities		(5,297	)		15,724
Effect of exchange rate changes on cash		1,407			1,825
INCREASE (DECREASE) IN CASH		(36,967	)		7,921
Cash beginning of period		132,146			84,924
Cash end of period	$	95,179		$	92,845

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THE MEN’S WEARHOUSE, INC. AND SUBSIDIARIES
UNAUDITED NON-GAAP CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(A Non-GAAP Financial Measure)
(In thousands, except per share amounts)

Use of Non-GAAP Financial Measures

We have provided non-GAAP adjusted earnings per share information for the three and nine months ended October 30, 2004 in this news release in addition to providing financial results in accordance with GAAP. This information reflects, on a non-GAAP adjusted basis, our net earnings and earnings per diluted share after excluding the effects of a charge of $1.3 million, net of tax, or $0.04 diluted earnings per share in the current year third quarter for the impairment of certain technology assets. This non-GAAP financial information is provided to enhance the user’s overall understanding of the Company’s current financial performance. Specifically, we believe the non-GAAP adjusted results provide useful information to both management and investors by excluding an expense item that we believe is not indicative of our core operating results. The non-GAAP financial information should be considered in addition to, not as a substitute for or as being superior to, operating income, cash flows, or other measures of financial performance prepared in accordance with GAAP. A reconciliation of this non-GAAP information to our actual results for the three and nine months ended October 30, 2004 is as follows:

	Three Months Ended October 30, 2004
							NON-GAAP
	GAAP			NON-GAAP			Adjusted
	Results			Adjustments			Results
Net Sales	$	357,795		$	—		$	357,795
Cost of goods sold including buying and occupancy costs		218,430			—			218,430
Gross profit		139,365			—			139,365
Selling, general and administrative expenses		118,212			(2,169	)(1)		116,043
Operating Income		21,153			—			23,322
Interest income		(316	)		—			(316	)
Interest expense		1,431			—			1,431
Earnings before income taxes		20,038			—			22,207
Provision for income taxes		7,464			808	(1)		8,272
Net earnings	$	12,574		$	1,361	(1)	$	13,935
Diluted net earnings per share	$	0.34		$	0.04	(1)	$	0.38
Diluted common shares outstanding		36,692						36,692

	Nine Months Ended October 30, 2004
							NON-GAAP
	GAAP			NON-GAAP			Adjusted
	Results			Adjustments			Results
Net Sales	$	1,088,004		$	—		$	1,088,004
Cost of goods sold including buying and occupancy costs		665,323			—			665,323
Gross profit		422,681			—			422,681
Selling, general and administrative expenses		346,308			(2,169	)(1)		344,139
Operating Income		76,373			—			78,542
Interest income		(953	)		—			(953	)
Interest expense		4,204			—			4,204
Earnings before income taxes		73,122			—			75,291
Provision for income taxes		27,238			808	(1)		28,046
Net earnings	$	45,884		$	1,361	(1)	$	47,245
Diluted net earnings per share	$	1.25		$	0.04	(1)	$	1.29
Diluted common shares outstanding		36,709						36,709

(1) Adjustments in the third quarter of 2004 are related to charges for the impairment of certain technology assets.

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